Sanctuary Advisors LLC Invests $762,000 in Box, Inc. (NYSE:BOX)

Sanctuary Advisors LLC bought a new position in shares of Box, Inc. (NYSE:BOX) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 28,387 shares of the software maker’s stock, valued at approximately $762,000.

A number of other large investors have also modified their holdings of BOX. State of Alaska Department of Revenue acquired a new stake in shares of BOX in the 1st quarter worth approximately $2,477,000. Assenagon Asset Management S.A. grew its holdings in shares of BOX by 143.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 254,975 shares of the software maker’s stock worth $6,742,000 after acquiring an additional 150,309 shares during the period. Maryland State Retirement & Pension System acquired a new stake in shares of BOX in the 1st quarter worth approximately $1,361,000. Vanguard Group Inc. grew its holdings in shares of BOX by 14.9% in the 1st quarter. Vanguard Group Inc. now owns 17,313,882 shares of the software maker’s stock worth $490,329,000 after acquiring an additional 2,249,082 shares during the period. Finally, Teachers Retirement System of The State of Kentucky acquired a new stake in shares of BOX in the 1st quarter worth approximately $1,096,000. 86.74% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at BOX

In other BOX news, Director Jack R. Lazar sold 7,000 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $32.68, for a total value of $228,760.00. Following the transaction, the director now directly owns 29,197 shares of the company’s stock, valued at $954,157.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other BOX news, Director Jack R. Lazar sold 7,000 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $32.68, for a total value of $228,760.00. Following the transaction, the director now directly owns 29,197 shares of the company’s stock, valued at $954,157.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $27.05, for a total value of $351,650.00. Following the completion of the transaction, the chief financial officer now directly owns 1,513,661 shares in the company, valued at $40,944,530.05. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,000 shares of company stock valued at $1,337,180 over the last three months. 4.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Monness Crespi & Hardt upgraded BOX to a “hold” rating in a report on Friday, August 16th. Citigroup upped their price target on BOX from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. UBS Group increased their target price on BOX from $31.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. StockNews.com upgraded BOX from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 15th. Finally, Royal Bank of Canada reiterated an “underperform” rating and set a $21.00 target price on shares of BOX in a report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, BOX has a consensus rating of “Moderate Buy” and an average price target of $31.22.

BOX Stock Down 0.4 %

BOX stock opened at $32.59 on Monday. Box, Inc. has a 52-week low of $23.29 and a 52-week high of $33.95. The stock’s fifty day simple moving average is $30.94 and its 200-day simple moving average is $28.18. The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of 44.64 and a beta of 0.85.

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. The business had revenue of $270.04 million for 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 quarter last year, the firm earned $0.01 earnings per share. As a group, analysts anticipate that Box, Inc. will post 0.23 earnings per share for the current fiscal 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.