6,448 Shares in Box, Inc. (NYSE:BOX) Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC bought a new stake in Box, Inc. (NYSE:BOX) in the 3rd quarter, Holdings Channel.com reports. The fund bought 6,448 shares of the software maker’s stock, valued at approximately $211,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in BOX by 143.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock worth $44,000 after acquiring an additional 787 shares in the last quarter. Quarry LP increased its stake in BOX by 324.6% during the second quarter. Quarry LP now owns 1,418 shares of the software maker’s stock worth $37,000 after purchasing an additional 1,084 shares during the period. Toronto Dominion Bank purchased a new position in shares of BOX in the second quarter valued at approximately $53,000. Nisa Investment Advisors LLC grew its holdings in shares of BOX by 31.7% in the second quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock valued at $69,000 after purchasing an additional 632 shares in the last quarter. Finally, Quest Partners LLC purchased a new stake in BOX during the 2nd quarter worth approximately $95,000. Hedge funds and other institutional investors own 86.74% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $32.52, for a total value of $422,760.00. Following the completion of the sale, the chief financial officer now directly owns 1,474,509 shares of the company’s stock, valued at approximately $47,951,032.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other BOX news, Director Jack R. Lazar sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $32.68, for a total transaction of $228,760.00. Following the completion of the sale, the director now directly owns 29,197 shares of the company’s stock, valued at $954,157.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $32.52, for a total value of $422,760.00. Following the sale, the chief financial officer now directly owns 1,474,509 shares of the company’s stock, valued at $47,951,032.68. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,000 shares of company stock valued at $1,408,290 over the last quarter. Company insiders own 4.10% of the company’s stock.

BOX Trading Down 0.7 %

Shares of BOX stock opened at $34.23 on Wednesday. The company has a fifty day simple moving average of $32.62 and a 200-day simple moving average of $29.00. The stock has a market cap of $4.90 billion, a price-to-earnings ratio of 43.33 and a beta of 0.85. Box, Inc. has a 12-month low of $23.29 and a 12-month high of $35.01.

BOX (NYSE:BOX) last issued 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 company had revenue of $270.04 million for the quarter, compared to analyst estimates of $269.52 million. During the same quarter last year, the company posted $0.01 earnings per share. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, analysts forecast that Box, Inc. will post 0.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BOX has been the subject of several research reports. Monness Crespi & Hardt upgraded shares of BOX to a “hold” rating in a research note on Friday, August 16th. StockNews.com raised BOX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 15th. Morgan Stanley upped their target price on shares of BOX from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 5th. Royal Bank of Canada reiterated an “underperform” rating and issued a $21.00 price target on shares of BOX in a research note on Wednesday, August 28th. Finally, UBS Group increased their price objective on shares of BOX from $31.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, BOX has a consensus rating of “Moderate Buy” and an average target price of $31.22.

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.