BOX (NYSE:BOX) Upgraded at StockNews.com

BOX (NYSE:BOX) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Thursday.

Several other research firms also recently commented on BOX. JPMorgan Chase & Co. upped their target price on BOX from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. UBS Group upped their target price on BOX from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. JMP Securities reiterated a “market outperform” rating and issued a $32.00 price target on shares of BOX in a research note on Wednesday, March 20th. Citigroup boosted their price target on BOX from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, TheStreet upgraded BOX from a “c” rating to a “b” rating in a research note on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $30.89.

BOX Stock Performance

NYSE:BOX opened at $27.38 on Thursday. The stock’s 50-day simple moving average is $27.50 and its 200 day simple moving average is $26.10. The company has a market cap of $3.95 billion, a P/E ratio of 40.87, a P/E/G ratio of 9.42 and a beta of 0.84. BOX has a 52-week low of $23.29 and a 52-week high of $31.94.

BOX (NYSE:BOX) last announced 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 negative return on equity of 9.46% and a net margin of 12.43%. The firm had revenue of $262.88 million for the quarter, compared to the consensus estimate of $262.92 million. As a group, equities analysts predict that BOX will post 0.15 earnings per share for the current fiscal year.

Insider Transactions at BOX

In related news, Director Daniel J. Levin sold 73,660 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $28.40, for a total value of $2,091,944.00. Following the transaction, the director now owns 43,940 shares of the company’s stock, valued at approximately $1,247,896. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Daniel J. Levin sold 73,660 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $28.40, for a total value of $2,091,944.00. Following the transaction, the director now owns 43,940 shares of the company’s stock, valued at approximately $1,247,896. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $27.47, for a total transaction of $357,110.00. Following the transaction, the chief financial officer now directly owns 1,408,702 shares in the company, valued at approximately $38,697,043.94. The disclosure for this sale can be found here. Insiders have sold 120,660 shares of company stock valued at $3,437,304 in the last 90 days. 4.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BOX

Several hedge funds have recently modified their holdings of BOX. Tower Research Capital LLC TRC increased its stake in shares of BOX by 12.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,097 shares of the software maker’s stock worth $91,000 after purchasing an additional 343 shares during the last quarter. Captrust Financial Advisors grew its stake in BOX by 1.0% in the 4th quarter. Captrust Financial Advisors now owns 38,231 shares of the software maker’s stock valued at $1,190,000 after buying an additional 369 shares in the last quarter. Cornercap Investment Counsel Inc. grew its stake in BOX by 2.1% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 18,189 shares of the software maker’s stock valued at $466,000 after buying an additional 376 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in BOX by 1.3% in the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 31,510 shares of the software maker’s stock valued at $763,000 after buying an additional 408 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY grew its stake in BOX by 4.8% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 8,823 shares of the software maker’s stock valued at $275,000 after buying an additional 408 shares in the last quarter. Institutional investors own 86.74% of the company’s stock.

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.