BOX (NYSE:BOX) Upgraded to “Strong-Buy” by StockNews.com

StockNews.com upgraded shares of BOX (NYSE:BOX) from a buy rating to a strong-buy rating in a research note published on Tuesday.

A number of other equities research analysts have also issued reports on the stock. KeyCorp dropped their target price on shares of BOX from $33.00 to $30.00 and set an overweight rating for the company in a report on Wednesday, December 6th. TheStreet raised shares of BOX from a c rating to a b rating in a report on Tuesday, March 5th. UBS Group upped their target price on shares of BOX from $33.00 to $34.00 and gave the stock a buy rating in a report on Wednesday, March 6th. Citigroup upped their target price on shares of BOX from $29.00 to $32.00 and gave the stock a buy rating in a report on Wednesday, March 6th. Finally, Morgan Stanley dropped their target price on shares of BOX from $35.00 to $32.00 and set an overweight rating for the company in a report on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $30.89.

BOX Stock Performance

NYSE:BOX opened at $28.32 on Tuesday. The company has a fifty day moving average of $27.27 and a two-hundred day moving average of $25.93. The stock has a market capitalization of $4.09 billion, a PE ratio of 42.27, a P/E/G ratio of 8.69 and a beta of 0.83. BOX has a fifty-two week low of $23.29 and a fifty-two week high of $31.94.

BOX (NYSE:BOX) last released its earnings results on Tuesday, March 5th. The software maker reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.07. BOX had a net margin of 12.43% and a negative return on equity of 9.46%. The business had revenue of $262.88 million during the quarter, compared to analyst estimates of $262.92 million. Research analysts forecast that BOX will post 0.16 earnings per share for the current year.

Insiders Place Their Bets

In other BOX news, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $24.91, for a total transaction of $323,830.00. Following the completion of the transaction, the chief financial officer now owns 1,421,702 shares of the company’s stock, valued at $35,414,596.82. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Aaron Levie sold 10,000 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $29.47, for a total transaction of $294,700.00. Following the sale, the chief executive officer now owns 3,048,653 shares of the company’s stock, valued at $89,843,803.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $24.91, for a total transaction of $323,830.00. Following the sale, the chief financial officer now directly owns 1,421,702 shares in the company, valued at approximately $35,414,596.82. The disclosure for this sale can be found here. Insiders sold a total of 141,410 shares of company stock valued at $3,954,419 over the last 90 days. 4.90% of the stock is owned by company insiders.

Institutional Trading of BOX

Several hedge funds have recently made changes to their positions in BOX. Champlain Investment Partners LLC acquired a new stake in shares of BOX during the second quarter worth about $105,797,000. Arrowstreet Capital Limited Partnership lifted its position in shares of BOX by 165.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,151,620 shares of the software maker’s stock worth $57,642,000 after purchasing an additional 1,340,114 shares in the last quarter. Westfield Capital Management Co. LP acquired a new stake in shares of BOX during the first quarter worth about $26,085,000. UBS Group AG raised its holdings in BOX by 404.3% in the fourth quarter. UBS Group AG now owns 1,001,086 shares of the software maker’s stock valued at $25,638,000 after acquiring an additional 802,564 shares in the last quarter. Finally, Sivia Capital Partners LLC acquired a new stake in BOX in the fourth quarter valued at approximately $19,606,000. Institutional investors and hedge funds own 86.74% of the company’s stock.

About BOX

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.