Integrated Investment Consultants LLC Increases Position in Box, Inc. (NYSE:BOX)

Integrated Investment Consultants LLC raised its position in Box, Inc. (NYSE:BOX) by 8.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,542 shares of the software maker’s stock after purchasing an additional 1,268 shares during the period. Integrated Investment Consultants LLC’s holdings in BOX were worth $509,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of BOX. GAMMA Investing LLC boosted its holdings in shares of BOX by 143.1% in the 3rd quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock valued at $44,000 after buying an additional 787 shares in the last quarter. Quarry LP boosted its holdings in shares of BOX by 324.6% in the 2nd quarter. Quarry LP now owns 1,418 shares of the software maker’s stock valued at $37,000 after buying an additional 1,084 shares in the last quarter. Toronto Dominion Bank acquired a new position in shares of BOX in the 2nd quarter valued at $53,000. Farther Finance Advisors LLC boosted its holdings in shares of BOX by 245.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker’s stock valued at $71,000 after buying an additional 1,536 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of BOX by 31.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock valued at $69,000 after buying an additional 632 shares in the last quarter. 86.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BOX has been the subject of several research analyst reports. Morgan Stanley upped their target price on shares of BOX from $30.00 to $33.00 and gave the company an “equal weight” rating in a report on Thursday, September 5th. William Blair reiterated an “outperform” rating on shares of BOX in a research note on Thursday, November 14th. StockNews.com upgraded shares of BOX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 15th. Royal Bank of Canada reiterated an “underperform” rating and set a $21.00 price target on shares of BOX in a research note on Wednesday, August 28th. Finally, Citigroup increased their price target on shares of BOX from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $31.22.

Insider Buying and Selling

In other news, CEO Aaron Levie sold 10,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $32.92, for a total transaction of $329,200.00. Following the completion of the transaction, the chief executive officer now owns 3,009,155 shares of the company’s stock, valued at approximately $99,061,382.60. The trade was a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jack R. Lazar sold 2,500 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $34.75, for a total transaction of $86,875.00. Following the transaction, the director now directly owns 26,697 shares of the company’s stock, valued at approximately $927,720.75. This trade represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 58,500 shares of company stock valued at $1,939,895. Insiders own 4.10% of the company’s stock.

BOX Stock Performance

Shares of BOX stock opened at $33.50 on Friday. The company has a market cap of $4.80 billion, a P/E ratio of 42.40 and a beta of 0.85. Box, Inc. has a one year low of $23.29 and a one year high of $35.07. The firm has a fifty day moving average of $32.76 and a two-hundred day moving average of $29.32.

BOX (NYSE:BOX) last announced its quarterly 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. 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 the consensus estimate of $269.52 million. During the same quarter last year, the firm posted $0.01 EPS. The business’s revenue was up 3.3% compared to the same quarter last year. As a group, equities analysts predict that Box, Inc. will post 0.23 earnings per share 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.