Semanteon Capital Management LP Acquires Shares of 34,862 Box, Inc. (NYSE:BOX)

Semanteon Capital Management LP acquired a new stake in Box, Inc. (NYSE:BOX) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 34,862 shares of the software maker’s stock, valued at approximately $1,141,000.

Several other institutional investors and hedge funds have also recently modified their holdings of BOX. Vanguard Group Inc. increased its holdings in shares of BOX by 14.9% in the first quarter. Vanguard Group Inc. now owns 17,313,882 shares of the software maker’s stock valued at $490,329,000 after purchasing an additional 2,249,082 shares during the last quarter. Earnest Partners LLC lifted its position in BOX by 10.5% during the first quarter. Earnest Partners LLC now owns 7,340,474 shares of the software maker’s stock worth $207,882,000 after purchasing an additional 699,882 shares during the period. Sei Investments Co. lifted its position in BOX by 16.6% during the first quarter. Sei Investments Co. now owns 2,953,422 shares of the software maker’s stock worth $83,641,000 after purchasing an additional 421,289 shares during the period. Jacobs Levy Equity Management Inc. lifted its position 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 worth $67,248,000 after purchasing an additional 386,149 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in BOX by 9.8% during the second quarter. Dimensional Fund Advisors LP now owns 2,564,668 shares of the software maker’s stock worth $67,809,000 after purchasing an additional 229,314 shares during the period. 86.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Morgan Stanley increased their target price on shares of BOX from $30.00 to $33.00 and gave the stock an “equal weight” rating in a report on Thursday, September 5th. Citigroup increased their target price on shares of BOX from $32.00 to $34.00 and gave the stock a “buy” rating in a 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 report on Wednesday, August 28th. StockNews.com raised shares of BOX from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 15th. Finally, UBS Group increased their target price on shares of BOX from $31.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, BOX presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.22.

Insider Buying and Selling at BOX

In other BOX news, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction that occurred 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 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Jack R. Lazar sold 7,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now owns 29,197 shares of the company’s stock, valued at $954,157.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $32.52, for a total transaction of $422,760.00. Following the sale, the chief financial officer now directly owns 1,474,509 shares of the company’s stock, valued at approximately $47,951,032.68. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 56,000 shares of company stock valued at $1,759,940. 4.10% of the stock is currently owned by company insiders.

BOX Price Performance

NYSE BOX traded up $0.17 during trading hours on Monday, reaching $32.22. The company’s stock had a trading volume of 15,979 shares, compared to its average volume of 2,018,655. The stock has a market cap of $4.65 billion, a P/E ratio of 43.90 and a beta of 0.85. The firm has a fifty day simple moving average of $31.94 and a 200-day simple moving average of $28.48. Box, Inc. has a 52 week low of $23.29 and a 52 week high of $33.95.

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