Box Inc (BOX) Shares Bought by Whittier Trust Co.

Whittier Trust Co. grew its position in shares of Box Inc (NYSE:BOX) by 34,217.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,218 shares of the software maker’s stock after buying an additional 19,162 shares during the quarter. Whittier Trust Co.’s holdings in BOX were worth $406,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Ameritas Investment Partners Inc. grew its stake in BOX by 81.3% during the second quarter. Ameritas Investment Partners Inc. now owns 6,896 shares of the software maker’s stock worth $126,000 after buying an additional 3,092 shares during the last quarter. Amalgamated Bank bought a new stake in BOX during the second quarter worth about $183,000. Aperio Group LLC bought a new stake in BOX during the fourth quarter worth about $227,000. Principal Financial Group Inc. bought a new stake in BOX during the second quarter worth about $199,000. Finally, California Public Employees Retirement System bought a new stake in BOX during the second quarter worth about $239,000. 62.02% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Rory O’driscoll sold 600,000 shares of the stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $20.50, for a total transaction of $12,300,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Peter M. Mcgoff sold 70,000 shares of the stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $20.30, for a total transaction of $1,421,000.00. Following the sale, the senior vice president now directly owns 348,748 shares in the company, valued at $7,079,584.40. The disclosure for this sale can be found here. Insiders have sold 2,065,309 shares of company stock worth $43,227,222 over the last three months. 22.30% of the stock is owned by insiders.

Several analysts have weighed in on the stock. Vetr raised shares of BOX from a “buy” rating to a “strong-buy” rating and set a $25.42 price objective on the stock in a research note on Wednesday, November 29th. JMP Securities upped their price objective on shares of BOX to $25.00 and gave the stock an “outperform” rating in a research note on Thursday, November 30th. Oppenheimer reaffirmed a “buy” rating and set a $24.00 price objective on shares of BOX in a research note on Thursday, November 30th. Zacks Investment Research cut shares of BOX from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $25.00 price objective on shares of BOX in a research note on Thursday, November 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $24.24.

Shares of Box Inc (NYSE BOX) opened at $21.20 on Thursday. Box Inc has a 52 week low of $15.73 and a 52 week high of $24.10. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $2,773.19, a P/E ratio of -17.67 and a beta of 1.20.

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

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BOX Company Profile

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.

Institutional Ownership by Quarter for BOX (NYSE:BOX)

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