AQR Capital Management LLC Raises Stake in Box, Inc. (NYSE:BOX)

AQR Capital Management LLC increased its stake in Box, Inc. (NYSE:BOX) by 32.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 51,536 shares of the software maker’s stock after acquiring an additional 12,612 shares during the period. AQR Capital Management LLC’s holdings in BOX were worth $1,363,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Neo Ivy Capital Management bought a new stake in shares of BOX in the 4th quarter worth approximately $156,000. Fisher Asset Management LLC increased its stake in shares of BOX by 10.1% during the fourth quarter. Fisher Asset Management LLC now owns 143,362 shares of the software maker’s stock valued at $3,671,000 after purchasing an additional 13,116 shares in the last quarter. Vanguard Group Inc. raised its stake in BOX by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 15,064,800 shares of the software maker’s stock valued at $385,810,000 after buying an additional 159,111 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of BOX during the first quarter valued at approximately $2,477,000. Finally, Maryland State Retirement & Pension System bought a new position in shares of BOX during the first quarter valued at $1,361,000. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other BOX news, CEO Aaron Levie sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $32.92, for a total transaction of $329,200.00. Following the sale, the chief executive officer now directly owns 3,009,155 shares in the company, valued at $99,061,382.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $27.05, for a total transaction of $351,650.00. Following the completion of the transaction, the chief financial officer now directly owns 1,513,661 shares of the company’s stock, valued at approximately $40,944,530.05. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Aaron Levie sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $32.92, for a total transaction of $329,200.00. Following the transaction, the chief executive officer now owns 3,009,155 shares in the company, valued at $99,061,382.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 43,000 shares of company stock worth $1,337,180. Corporate insiders own 4.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Royal Bank of Canada reaffirmed an “underperform” rating and set a $21.00 target price on shares of BOX in a report on Wednesday, August 28th. Citigroup raised their target price on BOX from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. StockNews.com raised BOX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 15th. Morgan Stanley raised their target price on shares of BOX from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 5th. Finally, Monness Crespi & Hardt raised shares of BOX to a “hold” rating in a report on Friday, August 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $31.22.

BOX Trading Up 1.1 %

Shares of BOX stock opened at $32.70 on Friday. The stock’s 50-day moving average price is $30.83 and its 200-day moving average price is $28.15. Box, Inc. has a 12-month low of $23.29 and a 12-month high of $33.95. The stock has a market capitalization of $4.72 billion, a price-to-earnings ratio of 44.79 and a beta of 0.85.

BOX (NYSE:BOX) last issued its quarterly earnings data on Tuesday, August 27th. The software maker reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.04. BOX had a negative return on equity of 14.41% and a net margin of 13.94%. The business had revenue of $270.04 million for the quarter, compared to analysts’ expectations of $269.52 million. During the same period in the prior year, the firm earned $0.01 EPS. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, research analysts predict that Box, Inc. will post 0.23 EPS for the current fiscal year.

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.