Fox Run Management L.L.C. Takes Position in Box Inc (BOX)

Fox Run Management L.L.C. bought a new position in Box Inc (NYSE:BOX) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 46,517 shares of the software maker’s stock, valued at approximately $982,000.

Several other institutional investors have also recently added to or reduced their stakes in BOX. Schwab Charles Investment Management Inc. increased its position in shares of BOX by 42.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 314,254 shares of the software maker’s stock worth $5,732,000 after acquiring an additional 92,913 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of BOX by 32.8% in the second quarter. Bank of New York Mellon Corp now owns 335,777 shares of the software maker’s stock worth $6,125,000 after acquiring an additional 83,025 shares in the last quarter. Legal & General Group Plc increased its position in shares of BOX by 68.2% in the second quarter. Legal & General Group Plc now owns 19,744 shares of the software maker’s stock worth $362,000 after acquiring an additional 8,007 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of BOX by 843.7% in the second quarter. BNP Paribas Arbitrage SA now owns 9,786 shares of the software maker’s stock worth $178,000 after acquiring an additional 8,749 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System purchased a new position in shares of BOX in the second quarter worth approximately $1,035,000. 62.20% of the stock is currently owned by institutional investors and hedge funds.

Shares of Box Inc (NYSE BOX) opened at $21.94 on Friday. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market cap of $3,035.94, a P/E ratio of -18.28 and a beta of 1.22. Box Inc has a one year low of $15.73 and a one year high of $24.10.

BOX (NYSE:BOX) last posted its earnings results on Wednesday, November 29th. The software maker reported ($0.13) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.13). The firm had revenue of $129.30 million during the quarter, compared to analysts’ expectations of $128.67 million. BOX had a negative net margin of 33.20% and a negative return on equity of 313.90%. The company’s revenue was up 25.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.14) earnings per share. equities research analysts predict that Box Inc will post -1.17 EPS for the current fiscal year.

In other BOX news, Director Daniel J. Levin sold 10,000 shares of BOX stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $22.39, for a total value of $223,900.00. Following the completion of the sale, the director now directly owns 5,790 shares in the company, valued at $129,638.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dana L. Evan sold 7,500 shares of BOX stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $21.15, for a total transaction of $158,625.00. Following the completion of the sale, the director now owns 21,399 shares of the company’s stock, valued at $452,588.85. The disclosure for this sale can be found here. Insiders sold 2,082,309 shares of company stock valued at $43,613,662 over the last quarter. Corporate insiders own 22.30% of the company’s stock.

BOX has been the subject of several research reports. Raymond James Financial upgraded shares of BOX from a “market perform” rating to an “outperform” rating and set a $26.00 price target for the company in a report on Monday, September 25th. Drexel Hamilton restated a “buy” rating and set a $28.00 price target on shares of BOX in a report on Monday, November 27th. Rosenblatt Securities restated a “buy” rating and set a $25.00 price target on shares of BOX in a report on Monday, October 9th. Canaccord Genuity restated a “buy” rating and set a $24.00 price target on shares of BOX in a report on Friday, October 6th. Finally, Oppenheimer restated a “buy” rating and set a $22.00 price target on shares of BOX in a report on Monday, October 16th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. BOX currently has a consensus rating of “Buy” and an average target price of $24.24.

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About BOX

Box, Inc provides an enterprise content management platform that enables organizations of all sizes to manage enterprise content while allowing access and sharing of this content from anywhere, on any device. With the Company’s Software-as-a-Service (SaaS) cloud-based platform, users can collaborate on content both internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security and compliance features to comply with internal policies and industry regulations.

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Institutional Ownership by Quarter for BOX (NYSE:BOX)

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