Box, Inc. (NYSE:BOX) Shares Purchased by Bank of Montreal Can

Bank of Montreal Can grew its position in shares of Box, Inc. (NYSE:BOX) by 16.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 351,850 shares of the software maker’s stock after acquiring an additional 48,633 shares during the quarter. Bank of Montreal Can owned about 0.24% of BOX worth $9,514,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in BOX by 14.9% during the 1st 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. Principal Financial Group Inc. grew its holdings in BOX by 4,889.2% in the 1st quarter. Principal Financial Group Inc. now owns 813,234 shares of the software maker’s stock worth $23,031,000 after buying an additional 796,934 shares in the last quarter. Sivia Capital Partners LLC bought a new position in BOX in the 4th quarter worth approximately $19,606,000. Earnest Partners LLC increased its position in BOX by 10.5% in the 1st quarter. Earnest Partners LLC now owns 7,340,474 shares of the software maker’s stock valued at $207,882,000 after acquiring an additional 699,882 shares during the period. Finally, Sei Investments Co. raised its stake in BOX by 26.1% during the 4th quarter. Sei Investments Co. now owns 2,532,133 shares of the software maker’s stock valued at $64,848,000 after acquiring an additional 523,872 shares in the last quarter. Institutional investors own 86.74% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on BOX shares. 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. Royal Bank of Canada restated an “underperform” rating and set a $21.00 price target on shares of BOX in a research report on Wednesday, August 28th. StockNews.com upgraded shares of BOX from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 15th. Citigroup boosted their target price on BOX from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Finally, Morgan Stanley upped their target price on BOX from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, two have issued 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 stock presently has an average rating of “Moderate Buy” and an average target price of $31.22.

Insider Activity at BOX

In other BOX news, CEO Aaron Levie sold 10,000 shares of the business’s stock in a transaction 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 sale, the chief executive officer now directly owns 3,019,155 shares of the company’s stock, valued at approximately $79,283,010.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other BOX news, CEO Aaron Levie sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $26.26, for a total transaction of $262,600.00. Following the completion of the sale, the chief executive officer now directly owns 3,019,155 shares in the company, valued at approximately $79,283,010.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $24.97, for a total value of $324,610.00. Following the completion of the transaction, the chief financial officer now owns 1,526,661 shares in the company, valued at approximately $38,120,725.17. The disclosure for this sale can be found here. In the last 90 days, insiders sold 68,500 shares of company stock worth $1,987,515. 4.10% of the stock is owned by corporate insiders.

BOX Stock Up 1.1 %

Shares of NYSE BOX opened at $32.75 on Monday. The stock’s fifty day simple moving average is $30.02 and its 200 day simple moving average is $27.93. The stock has a market capitalization of $4.73 billion, a price-to-earnings ratio of 44.86 and a beta of 0.85. Box, Inc. has a 52-week low of $23.29 and a 52-week high of $33.95.

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

BOX 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.