Jefferies Financial Group Inc. Has $858,000 Stake in Box, Inc. $BOX

Jefferies Financial Group Inc. grew its position in Box, Inc. (NYSE:BOX) by 254.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,111 shares of the software maker’s stock after purchasing an additional 18,021 shares during the quarter. Jefferies Financial Group Inc.’s holdings in BOX were worth $858,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. TCTC Holdings LLC lifted its holdings in BOX by 115.4% in the first quarter. TCTC Holdings LLC now owns 825 shares of the software maker’s stock valued at $25,000 after buying an additional 442 shares during the period. Caitong International Asset Management Co. Ltd raised its position in shares of BOX by 7,130.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 723 shares of the software maker’s stock worth $25,000 after acquiring an additional 713 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of BOX in the 1st quarter valued at about $31,000. Ameritas Advisory Services LLC bought a new stake in shares of BOX during the 2nd quarter valued at about $41,000. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of BOX by 692.8% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,316 shares of the software maker’s stock valued at $45,000 after purchasing an additional 1,150 shares in the last quarter. 86.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Dylan C. Smith sold 17,000 shares of the stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $31.36, for a total value of $533,120.00. Following the completion of the sale, the chief financial officer directly owned 1,437,013 shares of the company’s stock, valued at $45,064,727.68. This represents a 1.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Eli Berkovitch sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $32.77, for a total value of $114,695.00. Following the completion of the transaction, the vice president owned 128,847 shares in the company, valued at $4,222,316.19. This represents a 2.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 122,336 shares of company stock worth $3,986,999. Company insiders own 3.90% of the company’s stock.

BOX Trading Down 1.0%

BOX opened at $29.69 on Friday. Box, Inc. has a 1-year low of $28.00 and a 1-year high of $38.80. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 23.94 and a beta of 0.87. The company’s fifty day moving average price is $31.94 and its two-hundred day moving average price is $32.79.

BOX (NYSE:BOX) last issued its quarterly earnings data on Tuesday, August 26th. The software maker reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. BOX had a net margin of 20.30% and a negative return on equity of 21.77%. The firm had revenue of $294.00 million during the quarter, compared to analysts’ expectations of $290.19 million. During the same period last year, the company earned $0.44 earnings per share. The business’s revenue was up 8.9% on a year-over-year basis. As a group, equities analysts forecast that Box, Inc. will post 0.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. UBS Group downgraded BOX from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $42.00 to $36.00 in a report on Thursday, September 18th. Raymond James Financial reiterated an “outperform” rating and issued a $42.00 price objective on shares of BOX in a research note on Wednesday, August 27th. Zacks Research downgraded shares of BOX from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Royal Bank Of Canada increased their target price on shares of BOX from $24.00 to $26.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 27th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of BOX in a research note on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $38.25.

BOX Profile

Box, Inc engages in the provision of an enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, Box Governance, Box Zones, Box Relay, Box Shuttle, and Box KeySafe.