Allspring Global Investments Holdings LLC boosted its holdings in shares of Box, Inc. (NYSE:BOX – Free Report) by 8.8% in the second quarter, Holdings Channel.com reports. The fund owned 64,534 shares of the software maker’s stock after buying an additional 5,236 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in BOX were worth $1,896,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of BOX. FDx Advisors Inc. grew its holdings in shares of BOX by 13.4% in the 2nd quarter. FDx Advisors Inc. now owns 10,840 shares of the software maker’s stock valued at $318,000 after buying an additional 1,280 shares during the period. Tennessee Valley Asset Management Partners acquired a new position in shares of BOX in the 2nd quarter valued at $215,000. Wedge Capital Management L L P NC grew its holdings in shares of BOX by 937.2% in the 2nd quarter. Wedge Capital Management L L P NC now owns 100,038 shares of the software maker’s stock valued at $2,939,000 after buying an additional 90,393 shares during the period. Counterpoint Mutual Funds LLC acquired a new position in shares of BOX in the 2nd quarter valued at $127,000. Finally, Pacer Advisors Inc. acquired a new position in shares of BOX in the 2nd quarter valued at $60,000. Institutional investors and hedge funds own 87.90% of the company’s stock.
Insider Transactions at BOX
In other news, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $25.88, for a total transaction of $336,440.00. Following the transaction, the chief financial officer now directly owns 1,507,165 shares in the company, valued at approximately $39,005,430.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $25.88, for a total transaction of $336,440.00. Following the transaction, the chief financial officer now directly owns 1,507,165 shares in the company, valued at approximately $39,005,430.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Aaron Levie sold 10,000 shares of the business’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $25.70, for a total transaction of $257,000.00. Following the transaction, the chief executive officer now owns 3,068,653 shares in the company, valued at $78,864,382.10. The disclosure for this sale can be found here. Insiders have sold 36,000 shares of company stock worth $991,890 in the last ninety days. Insiders own 4.90% of the company’s stock.
Wall Street Analysts Forecast Growth
BOX Price Performance
Shares of NYSE:BOX opened at $25.28 on Tuesday. The company’s 50-day moving average price is $27.41 and its two-hundred day moving average price is $27.90. Box, Inc. has a one year low of $23.91 and a one year high of $34.98. The stock has a market capitalization of $3.64 billion, a PE ratio of 133.06, a price-to-earnings-growth ratio of 15.20 and a beta of 1.04.
BOX (NYSE:BOX – Get Free Report) last issued its quarterly earnings results on Tuesday, August 29th. The software maker reported $0.36 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01. The firm had revenue of $261.43 million for the quarter, compared to analysts’ expectations of $261.32 million. BOX had a net margin of 4.86% and a negative return on equity of 6.51%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.05) EPS. On average, analysts anticipate that Box, Inc. will post 0.08 earnings per share for the current fiscal year.
About BOX
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 collaborate on content internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security, and compliance features to comply with legal and regulatory requirements, internal policies, and industry standards and regulations.
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