Hsbc Holdings PLC Has $2.04 Million Stock Holdings in Box, Inc. (NYSE:BOX)

Hsbc Holdings PLC boosted its holdings in shares of Box, Inc. (NYSE:BOX) by 9.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 77,563 shares of the software maker’s stock after purchasing an additional 6,638 shares during the period. Hsbc Holdings PLC owned about 0.05% of BOX worth $2,043,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Capstone Investment Advisors LLC bought a new stake in shares of BOX during the 4th quarter worth $1,176,000. State of Alaska Department of Revenue bought a new stake in shares of BOX during the 1st quarter valued at approximately $2,477,000. Assenagon Asset Management S.A. increased its position in BOX by 143.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 254,975 shares of the software maker’s stock worth $6,742,000 after purchasing an additional 150,309 shares in the last quarter. Maryland State Retirement & Pension System bought a new position in BOX in the 1st quarter valued at approximately $1,361,000. Finally, Norges Bank acquired a new stake in BOX in the fourth quarter valued at approximately $12,370,000. Institutional investors and hedge funds own 86.74% of the company’s stock.

Insider Activity

In related news, CEO Aaron Levie sold 10,000 shares of BOX stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $26.26, for a total value of $262,600.00. Following the completion of the sale, the chief executive officer now owns 3,019,155 shares of the company’s stock, valued at approximately $79,283,010.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other BOX news, CEO Aaron Levie sold 10,000 shares of BOX stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $26.26, for a total transaction of $262,600.00. Following the transaction, the chief executive officer now owns 3,019,155 shares of the company’s stock, valued at approximately $79,283,010.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Eli Berkovitch sold 2,500 shares of the stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $25.25, for a total value of $63,125.00. Following the sale, the vice president now directly owns 147,232 shares of the company’s stock, valued at $3,717,608. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 73,260 shares of company stock worth $2,113,560. Company insiders own 4.10% of the company’s stock.

BOX Price Performance

NYSE BOX opened at $32.40 on Friday. The stock has a market capitalization of $4.68 billion, a P/E ratio of 44.38 and a beta of 0.85. The business has a 50 day simple moving average of $29.90 and a 200 day simple moving average of $27.94. Box, Inc. has a one year low of $23.29 and a one year high of $33.95.

BOX (NYSE:BOX) last announced its quarterly earnings data on Tuesday, August 27th. The software maker reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. BOX had a net margin of 13.94% and a negative return on equity of 14.41%. The company had revenue of $270.04 million during the quarter, compared to the consensus estimate of $269.52 million. During the same quarter last year, the firm posted $0.01 EPS. The company’s quarterly revenue was up 3.3% on a year-over-year basis. Equities analysts expect that Box, Inc. will post 0.23 earnings per share for the current year.

Analyst Ratings Changes

BOX has been the topic of several recent research reports. StockNews.com raised BOX from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 15th. Monness Crespi & Hardt upgraded BOX to a “hold” rating in a report on Friday, August 16th. UBS Group raised their price objective on shares of BOX from $31.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Citigroup boosted their target price on shares of BOX from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Finally, Royal Bank of Canada reiterated an “underperform” rating and set a $21.00 price target on shares of BOX in a report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $31.22.

About BOX

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company's Software-as-a-Service platform enables users to work with their content as they need from secure external collaboration and sharing, workspaces and portals, e-signature processes, and content workflows improving employee productivity and accelerating business processes.