Rhumbline Advisers Lowers Stock Holdings in Box Inc (NYSE:BOX)

Rhumbline Advisers lowered its stake in shares of Box Inc (NYSE:BOX) by 0.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 224,967 shares of the software maker’s stock after selling 902 shares during the quarter. Rhumbline Advisers’ holdings in BOX were worth $3,725,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BOX. Arlington Partners LLC grew its holdings in shares of BOX by 7,166.7% during the second quarter. Arlington Partners LLC now owns 72,667 shares of the software maker’s stock worth $1,280,000 after buying an additional 71,667 shares during the last quarter. Valeo Financial Advisors LLC boosted its holdings in BOX by 756.3% in the 2nd quarter. Valeo Financial Advisors LLC now owns 2,055 shares of the software maker’s stock valued at $36,000 after purchasing an additional 1,815 shares in the last quarter. Truvestments Capital LLC purchased a new stake in BOX in the 2nd quarter valued at approximately $52,000. Falcon Point Capital LLC boosted its holdings in BOX by 1.7% in the 2nd quarter. Falcon Point Capital LLC now owns 178,353 shares of the software maker’s stock valued at $3,141,000 after purchasing an additional 3,003 shares in the last quarter. Finally, Intl Fcstone Inc. boosted its holdings in BOX by 8.3% in the 2nd quarter. Intl Fcstone Inc. now owns 41,457 shares of the software maker’s stock valued at $730,000 after purchasing an additional 3,184 shares in the last quarter. 71.38% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Kimberly Hammonds sold 3,328 shares of BOX stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $15.97, for a total transaction of $53,148.16. Following the completion of the sale, the director now directly owns 6,658 shares in the company, valued at approximately $106,328.26. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 6.70% of the stock is currently owned by company insiders.

BOX stock opened at $16.95 on Friday. The firm has a 50 day moving average of $16.68 and a 200-day moving average of $17.19. Box Inc has a 12-month low of $12.46 and a 12-month high of $24.93. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 14.57. The company has a market cap of $2.44 billion, a price-to-earnings ratio of -17.66 and a beta of 1.41.

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BOX (NYSE:BOX) last posted its quarterly earnings results on Wednesday, August 28th. The software maker reported ($0.25) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.26) by $0.01. BOX had a negative net margin of 20.29% and a negative return on equity of 491.54%. The company had revenue of $172.50 million during the quarter, compared to the consensus estimate of $169.49 million. During the same period last year, the firm earned ($0.05) EPS. The company’s revenue for the quarter was up 16.4% on a year-over-year basis. Sell-side analysts forecast that Box Inc will post -0.99 earnings per share for the current fiscal year.

A number of equities research analysts have weighed in on BOX shares. First Analysis lowered BOX from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $22.00 to $14.00 in a report on Thursday, August 29th. ValuEngine lowered BOX from a “buy” rating to a “hold” rating in a report on Thursday, October 10th. Raymond James lowered their price objective on BOX from $21.00 to $18.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Oppenheimer lowered their price objective on BOX from $22.00 to $18.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Finally, JPMorgan Chase & Co. lowered BOX from a “neutral” rating to an “underweight” rating and set a $15.00 price objective on the stock. in a report on Friday, September 27th. One analyst has rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $19.29.

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 or 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.

Further Reading: Oversold

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Institutional Ownership by Quarter for BOX (NYSE:BOX)

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