Box, Inc. (NYSE:BOX) Shares Purchased by Fisher Asset Management LLC

Fisher Asset Management LLC raised its stake in shares of Box, Inc. (NYSE:BOX) by 9.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 143,136 shares of the software maker’s stock after buying an additional 12,890 shares during the period. Fisher Asset Management LLC’s holdings in BOX were worth $3,666,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of BOX. RGM Capital LLC increased its position in BOX by 6.9% during the 3rd quarter. RGM Capital LLC now owns 5,449,887 shares of the software maker’s stock worth $131,942,000 after purchasing an additional 349,976 shares in the last quarter. Schroder Investment Management Group raised its position in shares of BOX by 14.7% in the third quarter. Schroder Investment Management Group now owns 1,851,117 shares of the software maker’s stock valued at $44,816,000 after buying an additional 236,902 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of BOX by 144.5% during the third quarter. Envestnet Asset Management Inc. now owns 338,635 shares of the software maker’s stock valued at $8,198,000 after buying an additional 200,119 shares during the period. CenterBook Partners LP boosted its position in BOX by 102.9% during the third quarter. CenterBook Partners LP now owns 288,995 shares of the software maker’s stock worth $6,997,000 after acquiring an additional 146,580 shares during the last quarter. Finally, Hsbc Holdings PLC grew its stake in BOX by 406.6% in the 3rd quarter. Hsbc Holdings PLC now owns 154,320 shares of the software maker’s stock worth $3,744,000 after acquiring an additional 123,858 shares during the period. Hedge funds and other institutional investors own 86.74% of the company’s stock.

BOX Stock Up 0.2 %

Shares of BOX opened at $26.45 on Wednesday. The firm has a market cap of $3.82 billion, a price-to-earnings ratio of 39.47, a PEG ratio of 8.86 and a beta of 0.85. The business’s 50 day moving average is $27.65 and its two-hundred day moving average is $26.33. Box, Inc. has a 52-week low of $23.29 and a 52-week high of $31.94.

BOX (NYSE:BOX) last announced its quarterly earnings data on Tuesday, March 5th. The software maker reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.07. The company had revenue of $262.88 million during the quarter, compared to analyst estimates of $262.92 million. BOX had a net margin of 12.43% and a negative return on equity of 9.46%. On average, equities analysts expect that Box, Inc. will post 0.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Royal Bank of Canada restated an “underperform” rating and set a $21.00 price objective on shares of BOX in a report on Wednesday, March 20th. TheStreet upgraded BOX from a “c” rating to a “b” rating in a report on Tuesday, March 5th. UBS Group increased their price objective on shares of BOX from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. JMP Securities restated a “market outperform” rating and issued a $32.00 target price on shares of BOX in a report on Wednesday, March 20th. Finally, StockNews.com raised shares of BOX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 11th. One analyst has rated the stock with a sell rating, one has given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, BOX presently has an average rating of “Moderate Buy” and a consensus price target of $30.89.

Insider Transactions at BOX

In related news, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $27.30, for a total transaction of $354,900.00. Following the transaction, the chief financial officer now directly owns 1,578,912 shares in the company, valued at $43,104,297.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $27.30, for a total transaction of $354,900.00. Following the sale, the chief financial officer now owns 1,578,912 shares in the company, valued at $43,104,297.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Aaron Levie sold 10,000 shares of BOX stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $29.47, for a total value of $294,700.00. Following the completion of the transaction, the chief executive officer now owns 3,048,653 shares of the company’s stock, valued at $89,843,803.91. The disclosure for this sale can be found here. In the last quarter, insiders sold 133,660 shares of company stock worth $3,792,204. 4.90% of the stock is currently owned by corporate insiders.

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.