Mizuho Markets Americas LLC Takes $1.15 Million Position in Box, Inc. (NYSE:BOX)

Mizuho Markets Americas LLC purchased a new stake in Box, Inc. (NYSE:BOX) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 35,000 shares of the software maker’s stock, valued at approximately $1,146,000.

A number of other large investors have also recently bought and sold shares of the business. Assenagon Asset Management S.A. boosted its stake in shares of BOX by 143.6% during the second quarter. Assenagon Asset Management S.A. now owns 254,975 shares of the software maker’s stock worth $6,742,000 after buying an additional 150,309 shares during the period. Vanguard Group Inc. grew its stake in shares of BOX by 14.9% in the 1st 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. Teachers Retirement System of The State of Kentucky acquired a new position in shares of BOX in the first quarter valued at approximately $1,096,000. Comerica Bank raised its stake in shares of BOX by 964.7% during the first quarter. Comerica Bank now owns 85,081 shares of the software maker’s stock worth $2,409,000 after purchasing an additional 77,090 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in shares of BOX by 16.0% during the second quarter. Bank of Montreal Can now owns 351,850 shares of the software maker’s stock worth $9,514,000 after purchasing an additional 48,633 shares during the period. Institutional investors and hedge funds own 86.74% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on BOX. Citigroup upped their price objective 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. William Blair reaffirmed an “outperform” rating on shares of BOX in a report on Thursday. UBS Group raised their price target on BOX from $31.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Monness Crespi & Hardt upgraded shares of BOX to a “hold” rating in a research report on Friday, August 16th. Finally, Royal Bank of Canada reissued an “underperform” rating and set a $21.00 price objective on shares of BOX in a report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, BOX currently has an average rating of “Moderate Buy” and a consensus target price of $31.22.

Insider Buying and Selling

In other BOX news, Director Jack R. Lazar sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $34.75, for a total value of $86,875.00. Following the completion of the transaction, the director now owns 26,697 shares in the company, valued at $927,720.75. This represents a 8.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $34.21, for a total transaction of $444,730.00. Following the completion of the transaction, the chief financial officer now owns 1,461,509 shares of the company’s stock, valued at $49,998,222.89. This trade represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 58,500 shares of company stock valued at $1,939,895. 4.10% of the stock is currently owned by corporate insiders.

BOX Price Performance

BOX opened at $33.53 on Friday. The stock has a market capitalization of $4.80 billion, a price-to-earnings ratio of 42.44 and a beta of 0.85. Box, Inc. has a 12 month low of $23.29 and a 12 month high of $35.07. The business has a 50-day moving average of $32.71 and a two-hundred day moving average of $29.15.

BOX (NYSE:BOX) last announced its quarterly 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. BOX had a net margin of 13.94% and a negative return on equity of 14.41%. The company had revenue of $270.04 million for the quarter, compared to analyst estimates of $269.52 million. During the same quarter last year, the business earned $0.01 EPS. BOX’s revenue for the quarter was up 3.3% on a year-over-year basis. Equities research analysts anticipate 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.