Box, Inc. (NYSE:BOX) Stake Boosted by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Box, Inc. (NYSE:BOX) by 8.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 31,011 shares of the software maker’s stock after buying an additional 2,330 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in BOX were worth $794,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Rhumbline Advisers raised its holdings in shares of BOX by 0.7% during the third quarter. Rhumbline Advisers now owns 205,861 shares of the software maker’s stock valued at $4,984,000 after acquiring an additional 1,347 shares during the period. Burney Co. raised its stake in BOX by 19.0% during the 3rd quarter. Burney Co. now owns 296,958 shares of the software maker’s stock valued at $7,189,000 after purchasing an additional 47,421 shares during the period. Earnest Partners LLC lifted its holdings in shares of BOX by 1.2% in the third quarter. Earnest Partners LLC now owns 6,132,385 shares of the software maker’s stock valued at $148,465,000 after purchasing an additional 70,129 shares in the last quarter. Hsbc Holdings PLC boosted its position in shares of BOX by 406.6% in the third quarter. Hsbc Holdings PLC now owns 154,320 shares of the software maker’s stock worth $3,744,000 after buying an additional 123,858 shares during the period. Finally, CenterBook Partners LP grew its holdings in shares of BOX by 102.9% during the third quarter. CenterBook Partners LP now owns 288,995 shares of the software maker’s stock valued at $6,997,000 after buying an additional 146,580 shares in the last quarter. 86.74% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other BOX news, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction that occurred 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 owns 1,578,912 shares in the company, valued at $43,104,297.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $27.30, for a total transaction of $354,900.00. Following the completion of the sale, the chief financial officer now directly owns 1,578,912 shares of the company’s stock, valued at approximately $43,104,297.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Aaron Levie sold 10,000 shares of BOX stock in a transaction on Monday, March 11th. The stock was sold at an average price of $29.47, for a total transaction 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 approximately $89,843,803.91. The disclosure for this sale can be found here. In the last ninety days, insiders sold 133,660 shares of company stock worth $3,792,204. 4.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on BOX shares. StockNews.com raised BOX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 11th. JMP Securities restated a “market outperform” rating and set a $32.00 price target on shares of BOX in a report on Wednesday, March 20th. JPMorgan Chase & Co. upped their price objective on shares of BOX from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. UBS Group increased their target price on shares of BOX from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, Royal Bank of Canada restated an “underperform” rating and set a $21.00 price target on shares of BOX in a report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $30.89.

BOX Trading Down 0.5 %

BOX stock opened at $26.71 on Tuesday. The company has a market capitalization of $3.86 billion, a P/E ratio of 39.87, a P/E/G ratio of 9.10 and a beta of 0.84. Box, Inc. has a 1-year low of $23.29 and a 1-year high of $31.94. The firm’s fifty day simple moving average is $27.56 and its 200-day simple moving average is $26.29.

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