Metropolitan Life Insurance Co NY Raises Position in Box Inc (NYSE:BOX)

Metropolitan Life Insurance Co NY raised its position in Box Inc (NYSE:BOX) by 15.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 46,096 shares of the software maker’s stock after buying an additional 6,238 shares during the period. Metropolitan Life Insurance Co NY’s holdings in BOX were worth $763,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. CSat Investment Advisory L.P. acquired a new position in shares of BOX during the second quarter valued at approximately $26,000. Bartlett & Co. LLC acquired a new stake in shares of BOX in the third quarter worth approximately $33,000. Kavar Capital Partners LLC purchased a new stake in shares of BOX during the second quarter worth approximately $61,000. Truvestments Capital LLC increased its position in shares of BOX by 33.9% during the third quarter. Truvestments Capital LLC now owns 3,950 shares of the software maker’s stock worth $65,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Captrust Financial Advisors acquired a new position in BOX in the 2nd quarter valued at $66,000. Institutional investors own 76.86% of the company’s stock.

In related news, Director Kimberly Hammonds sold 3,328 shares of the firm’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $15.97, for a total transaction of $53,148.16. Following the completion of the sale, the director now directly owns 6,658 shares in the company, valued at $106,328.26. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 6.70% of the stock is currently owned by company insiders.

BOX has been the topic of a number of research reports. Wells Fargo & Co restated an “outperform” rating and issued a $22.00 price objective on shares of BOX in a report on Wednesday, November 27th. JMP Securities lowered shares of BOX from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 12th. DA Davidson upped their target price on shares of BOX to $21.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Berenberg Bank began coverage on shares of BOX in a research report on Thursday, October 10th. They issued a “hold” rating and a $18.00 target price for the company. Finally, Craig Hallum downgraded shares of BOX from a “buy” rating to a “hold” rating and decreased their price target for the stock from $22.00 to $15.00 in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $19.53.

Shares of NYSE:BOX opened at $17.25 on Tuesday. Box Inc has a 52-week low of $12.46 and a 52-week high of $24.93. The business has a fifty day moving average of $16.77 and a two-hundred day moving average of $16.71. The company has a debt-to-equity ratio of 14.57, a quick ratio of 0.80 and a current ratio of 0.80.

BOX (NYSE:BOX) last posted its quarterly earnings results on Tuesday, November 26th. The software maker reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). The business had revenue of $1.78 billion for the quarter, compared to analyst estimates of $174.43 million. BOX had a negative return on equity of 479.99% and a negative net margin of 19.76%. The company’s quarterly revenue was up 1040.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.06) EPS. On average, analysts expect that Box Inc will post -0.96 EPS for the current fiscal year.

About BOX

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere or any device. The company's Software-as-a-Service platform enables users to collaborate on content internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security, and compliance features.

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Institutional Ownership by Quarter for BOX (NYSE:BOX)

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