UBS Group Lowers BOX (NYSE:BOX) Price Target to $31.00

BOX (NYSE:BOXFree Report) had its target price trimmed by UBS Group from $34.00 to $31.00 in a report published on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the software maker’s stock.

Several other research analysts have also issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of BOX from $31.00 to $32.00 and gave the stock an overweight rating in a research report on Wednesday, March 6th. TheStreet upgraded BOX from a c rating to a b rating in a research report on Tuesday, March 5th. Royal Bank of Canada reiterated an underperform rating and issued a $21.00 price target on shares of BOX in a research report on Wednesday. JMP Securities reissued a market outperform rating and set a $32.00 price objective on shares of BOX in a report on Wednesday, March 20th. Finally, Oppenheimer restated an outperform rating and issued a $35.00 target price on shares of BOX in a research note on Wednesday. One research analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, BOX presently has a consensus rating of Moderate Buy and a consensus price target of $30.33.

Check Out Our Latest Analysis on BOX

BOX Trading Up 1.5 %

Shares of NYSE:BOX opened at $27.25 on Wednesday. The business’s 50 day moving average is $26.91 and its 200-day moving average is $26.53. The firm has a market capitalization of $3.93 billion, a PE ratio of 37.33, a PEG ratio of 9.26 and a beta of 0.85. BOX has a 1-year low of $23.29 and a 1-year high of $31.94.

BOX (NYSE:BOXGet Free Report) last posted its quarterly earnings results on Tuesday, March 5th. The software maker reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.07. BOX had a net margin of 13.13% and a negative return on equity of 11.71%. The firm had revenue of $262.88 million for the quarter, compared to the consensus estimate of $262.92 million. On average, sell-side analysts predict that BOX will post 0.15 EPS for the current year.

Insider Activity

In related news, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $29.26, for a total value of $380,380.00. Following the transaction, the chief financial officer now owns 1,395,702 shares in the company, valued at $40,838,240.52. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $29.26, for a total value of $380,380.00. Following the transaction, the chief financial officer now owns 1,395,702 shares of the company’s stock, valued at approximately $40,838,240.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Aaron Levie sold 10,000 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was 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 in the company, valued at $89,843,803.91. The disclosure for this sale can be found here. Insiders have sold 133,660 shares of company stock valued at $3,774,134 over the last three months. 4.10% of the stock is owned by insiders.

Institutional Trading of BOX

A number of hedge funds have recently modified their holdings of BOX. Arizona State Retirement System raised its holdings in BOX by 1.7% in the third quarter. Arizona State Retirement System now owns 41,237 shares of the software maker’s stock worth $998,000 after purchasing an additional 706 shares during the period. Jump Financial LLC acquired a new position in BOX in the third quarter valued at about $210,000. New York State Common Retirement Fund increased its holdings in shares of BOX by 5.0% in the third quarter. New York State Common Retirement Fund now owns 87,729 shares of the software maker’s stock worth $2,124,000 after acquiring an additional 4,176 shares in the last quarter. Swiss National Bank raised its position in shares of BOX by 1.4% during the third quarter. Swiss National Bank now owns 318,400 shares of the software maker’s stock worth $7,708,000 after purchasing an additional 4,300 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of BOX by 7.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 645,330 shares of the software maker’s stock valued at $15,623,000 after purchasing an additional 44,280 shares in the last quarter. 86.74% of the stock is currently owned by institutional investors and hedge funds.

BOX Company Profile

(Get Free Report)

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.

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Analyst Recommendations for BOX (NYSE:BOX)

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