BOX (NYSE:BOX) Receives “Outperform” Rating from William Blair

BOX (NYSE:BOX)‘s stock had its “outperform” rating restated by stock analysts at William Blair in a note issued to investors on Thursday,RTT News reports.

Other analysts also recently issued reports about the company. Morgan Stanley upped their price objective on BOX from $30.00 to $33.00 and gave the company an “equal weight” rating in a research note on Thursday, September 5th. Royal Bank of Canada reissued an “underperform” rating and issued a $21.00 price target on shares of BOX in a report on Wednesday, August 28th. Citigroup raised their price target on BOX from $32.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. UBS Group raised their price target on BOX from $31.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Finally, StockNews.com raised BOX from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, BOX currently has an average rating of “Moderate Buy” and an average price target of $31.22.

BOX Stock Performance

NYSE:BOX opened at $33.53 on Thursday. The stock has a 50-day simple moving average of $32.71 and a 200-day simple moving average of $29.12. The stock has a market cap of $4.80 billion, a P/E ratio of 42.44 and a beta of 0.85. BOX has a 1 year low of $23.29 and a 1 year high of $35.07.

BOX (NYSE:BOX) last announced its earnings results on Tuesday, August 27th. The software maker reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The firm had revenue of $270.04 million during the quarter, compared to analysts’ expectations of $269.52 million. BOX had a negative return on equity of 14.41% and a net margin of 13.94%. The business’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.01 EPS. On average, equities research analysts predict that BOX will post 0.23 EPS for the current year.

Insider Transactions at BOX

In related news, Director Jack R. Lazar sold 2,500 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $34.75, for a total value of $86,875.00. Following the completion of the sale, the director now owns 26,697 shares in the company, valued at approximately $927,720.75. This trade represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $32.89, for a total transaction of $427,570.00. Following the transaction, the chief financial officer now owns 1,500,661 shares of the company’s stock, valued at approximately $49,356,740.29. This represents a 0.86 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 58,500 shares of company stock valued at $1,939,895. 4.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Assenagon Asset Management S.A. increased its position in shares of BOX by 143.6% during the second quarter. Assenagon Asset Management S.A. now owns 254,975 shares of the software maker’s stock worth $6,742,000 after buying an additional 150,309 shares during the period. Vanguard Group Inc. raised its position in shares of BOX by 14.9% in the first quarter. Vanguard Group Inc. now owns 17,313,882 shares of the software maker’s stock valued at $490,329,000 after purchasing an additional 2,249,082 shares during the period. Teachers Retirement System of The State of Kentucky bought a new stake in BOX during the 1st quarter worth approximately $1,096,000. Comerica Bank boosted its stake in shares of BOX by 964.7% in the 1st quarter. Comerica Bank now owns 85,081 shares of the software maker’s stock valued at $2,409,000 after purchasing an additional 77,090 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in BOX by 16.0% during the 2nd quarter. Bank of Montreal Can now owns 351,850 shares of the software maker’s stock valued at $9,514,000 after buying an additional 48,633 shares during the period. Institutional investors and hedge funds own 86.74% of the company’s stock.

BOX Company Profile

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.