Pathstone Holdings LLC Purchases 3,532 Shares of Box, Inc. (NYSE:BOX)

Pathstone Holdings LLC increased its holdings in Box, Inc. (NYSE:BOX) by 7.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 51,813 shares of the software maker’s stock after buying an additional 3,532 shares during the period. Pathstone Holdings LLC’s holdings in BOX were worth $1,696,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Earnest Partners LLC raised its holdings in shares of BOX by 8.5% in the 2nd quarter. Earnest Partners LLC now owns 7,960,924 shares of the software maker’s stock valued at $210,487,000 after acquiring an additional 620,450 shares in the last quarter. Sei Investments Co. increased its position in shares of BOX by 4.2% in the second quarter. Sei Investments Co. now owns 3,078,857 shares of the software maker’s stock worth $81,405,000 after purchasing an additional 125,435 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in BOX by 9.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,564,668 shares of the software maker’s stock valued at $67,809,000 after purchasing an additional 229,314 shares in the last quarter. Renaissance Technologies LLC lifted its position in BOX by 7.0% during the second quarter. Renaissance Technologies LLC now owns 1,846,502 shares of the software maker’s stock valued at $48,822,000 after purchasing an additional 120,076 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in BOX by 7.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,603,725 shares of the software maker’s stock worth $42,402,000 after buying an additional 104,228 shares in the last quarter. Institutional investors own 86.74% of the company’s stock.

Insider Activity

In other BOX news, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $32.89, for a total value of $427,570.00. Following the completion of the transaction, the chief financial officer now directly owns 1,500,661 shares in the company, valued at approximately $49,356,740.29. This represents a 0.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Aaron Levie sold 10,000 shares of BOX stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $32.92, for a total transaction of $329,200.00. Following the sale, the chief executive officer now directly owns 3,009,155 shares in the company, valued at $99,061,382.60. The trade was a 0.33 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 51,500 shares of company stock valued at $1,711,135. Insiders own 4.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on BOX shares. Royal Bank of Canada restated an “underperform” rating and set a $21.00 price objective on shares of BOX in a research report on Wednesday, August 28th. UBS Group lifted their price target on BOX from $31.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Morgan Stanley upped their price objective on BOX from $30.00 to $33.00 and gave the stock an “equal weight” rating in a report on Thursday, September 5th. StockNews.com raised BOX from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 15th. Finally, Monness Crespi & Hardt raised BOX to a “hold” rating in a research note on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, BOX currently has a consensus rating of “Moderate Buy” and an average price target of $31.22.

BOX Stock Performance

NYSE:BOX opened at $35.07 on Thursday. Box, Inc. has a fifty-two week low of $23.29 and a fifty-two week high of $35.74. The firm has a market cap of $5.02 billion, a PE ratio of 44.39 and a beta of 0.85. The business has a 50 day moving average price of $32.86 and a 200-day moving average price of $29.55.

BOX (NYSE:BOX) last announced its quarterly earnings results on Tuesday, August 27th. The software maker reported $0.44 earnings per share for the quarter, beating 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 business had revenue of $270.04 million during the quarter, compared to analysts’ expectations of $269.52 million. During the same quarter in the prior year, the company posted $0.01 EPS. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. Research analysts predict that Box, Inc. will post 0.23 EPS for the current year.

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.