Capital Fund Management S.A. lowered its holdings in Box Inc (NYSE:BOX) by 48.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 14,799 shares of the software maker’s stock after selling 13,737 shares during the quarter. Capital Fund Management S.A.’s holdings in BOX were worth $313,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the business. Ameritas Investment Partners Inc. increased its position in shares of BOX by 81.3% in the second quarter. Ameritas Investment Partners Inc. now owns 6,896 shares of the software maker’s stock valued at $126,000 after buying an additional 3,092 shares in the last quarter. Aperio Group LLC purchased a new position in shares of BOX in the fourth quarter valued at $227,000. California Public Employees Retirement System purchased a new position in shares of BOX in the second quarter valued at $239,000. Washington Capital Management Inc. purchased a new position in shares of BOX in the fourth quarter valued at $364,000. Finally, Dupont Capital Management Corp purchased a new position in shares of BOX in the third quarter valued at $359,000. 67.82% of the stock is owned by institutional investors.
A number of research firms recently commented on BOX. Vetr cut BOX from a “buy” rating to a “hold” rating and set a $24.14 price objective for the company. in a research report on Monday. Drexel Hamilton reiterated a “buy” rating and set a $28.00 price objective on shares of BOX in a research report on Monday, November 27th. Oppenheimer reiterated a “buy” rating and set a $24.00 price objective on shares of BOX in a research report on Thursday, November 30th. JMP Securities lifted their price objective on BOX to $25.00 and gave the stock an “outperform” rating in a research report on Thursday, November 30th. Finally, DA Davidson began coverage on BOX in a research report on Thursday, February 15th. They set a “buy” rating and a $25.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company’s stock. BOX currently has a consensus rating of “Buy” and an average target price of $24.21.
Shares of Box Inc (BOX) opened at $23.32 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.53. The company has a market capitalization of $3,170.00, a PE ratio of -19.43 and a beta of 1.20. Box Inc has a fifty-two week low of $15.73 and a fifty-two week high of $24.10.
BOX (NYSE:BOX) last posted its quarterly earnings results on Wednesday, November 29th. The software maker reported ($0.13) EPS for the quarter, meeting the consensus estimate of ($0.13). The company had revenue of $129.30 million during the quarter, compared to analysts’ expectations of $128.67 million. BOX had a negative return on equity of 313.90% and a negative net margin of 33.20%. The firm’s revenue was up 25.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.14) EPS. equities research analysts forecast that Box Inc will post -1.17 earnings per share for the current fiscal year.
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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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