Atria Investments Inc Acquires 6,738 Shares of Box, Inc. (NYSE:BOX)

Atria Investments Inc lifted its stake in Box, Inc. (NYSE:BOX) by 37.0% during the 3rd quarter, Holdings Channel reports. The firm owned 24,969 shares of the software maker’s stock after acquiring an additional 6,738 shares during the period. Atria Investments Inc’s holdings in BOX were worth $817,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in BOX. Vanguard Group Inc. boosted its holdings in BOX by 14.9% during the first quarter. Vanguard Group Inc. now owns 17,313,882 shares of the software maker’s stock worth $490,329,000 after buying an additional 2,249,082 shares during the last quarter. Congress Asset Management Co. acquired a new stake in shares of BOX in the 3rd quarter valued at approximately $46,236,000. Earnest Partners LLC boosted its stake in BOX by 10.5% during the 1st quarter. Earnest Partners LLC now owns 7,340,474 shares of the software maker’s stock worth $207,882,000 after acquiring an additional 699,882 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in BOX by 19.4% during the first quarter. Jacobs Levy Equity Management Inc. now owns 2,374,580 shares of the software maker’s stock valued at $67,248,000 after purchasing an additional 386,149 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in BOX by 9.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,564,668 shares of the software maker’s stock valued at $67,809,000 after purchasing an additional 229,314 shares in the last quarter. 86.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on BOX shares. Citigroup lifted their price target on shares of BOX from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Royal Bank of Canada reissued an “underperform” rating and issued a $21.00 target price on shares of BOX in a research note on Wednesday, August 28th. William Blair reaffirmed an “outperform” rating on shares of BOX in a research report on Thursday, November 14th. UBS Group boosted their price objective on BOX from $31.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. Finally, StockNews.com raised BOX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 15th. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $31.22.

BOX Stock Up 0.8 %

NYSE BOX opened at $33.81 on Tuesday. The firm’s 50 day moving average is $32.73 and its 200-day moving average is $29.22. The company has a market capitalization of $4.84 billion, a PE ratio of 42.80 and a beta of 0.85. Box, Inc. has a 12-month low of $23.29 and a 12-month high of $35.07.

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

Insider Activity at BOX

In other BOX news, Director Jack R. Lazar sold 7,000 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $32.68, for a total transaction of $228,760.00. Following the sale, the director now directly owns 29,197 shares of the company’s stock, valued at approximately $954,157.96. This represents a 19.34 % decrease in their ownership of the stock. The transaction 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 the stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $32.52, for a total transaction of $422,760.00. Following the completion of the sale, the chief financial officer now owns 1,474,509 shares of the company’s stock, valued at approximately $47,951,032.68. This represents a 0.87 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 58,500 shares of company stock valued at $1,939,895. Insiders own 4.10% of the company’s stock.

BOX 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.