Level Four Advisory Services LLC Makes New Investment in Box, Inc. (NYSE:BOX)

Level Four Advisory Services LLC purchased a new position in Box, Inc. (NYSE:BOX) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 12,354 shares of the software maker’s stock, valued at approximately $331,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fairfield Bush & CO. purchased a new position in shares of BOX in the first quarter worth $29,000. Altshuler Shaham Ltd purchased a new position in shares of BOX during the first quarter worth $30,000. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of BOX by 102.8% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,304 shares of the software maker’s stock worth $34,000 after purchasing an additional 661 shares during the last quarter. Quarry LP raised its holdings in shares of BOX by 318.2% during the first quarter. Quarry LP now owns 1,330 shares of the software maker’s stock worth $36,000 after purchasing an additional 1,012 shares during the last quarter. Finally, Exchange Traded Concepts LLC purchased a new position in shares of BOX during the first quarter worth $46,000. Hedge funds and other institutional investors own 87.90% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on BOX shares. JPMorgan Chase & Co. reduced their target price on shares of BOX from $34.00 to $33.00 and set an “overweight” rating for the company in a report on Wednesday, August 30th. Royal Bank of Canada reissued an “underperform” rating and set a $21.00 target price on shares of BOX in a report on Wednesday, August 30th. Craig Hallum cut shares of BOX from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. KeyCorp dropped their price target on shares of BOX from $35.00 to $33.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 30th. Finally, Citigroup dropped their price target on shares of BOX from $34.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday, August 30th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $32.25.

Insider Activity

In other news, CEO Aaron Levie sold 10,000 shares of BOX stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of $29.20, for a total value of $292,000.00. Following the sale, the chief executive officer now owns 3,078,653 shares in the company, valued at $89,896,667.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Aaron Levie sold 10,000 shares of BOX stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of $29.20, for a total value of $292,000.00. Following the sale, the chief executive officer now owns 3,078,653 shares in the company, valued at $89,896,667.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $28.39, for a total transaction of $369,070.00. Following the transaction, the chief financial officer now owns 1,533,165 shares in the company, valued at $43,526,554.35. The disclosure for this sale can be found here. Insiders have sold a total of 62,000 shares of company stock worth $1,739,120 over the last 90 days. 4.90% of the stock is currently owned by company insiders.

BOX Stock Down 0.3 %

Shares of NYSE BOX opened at $24.92 on Tuesday. The company’s 50-day simple moving average is $29.26 and its 200-day simple moving average is $28.08. Box, Inc. has a 52-week low of $24.00 and a 52-week high of $34.98. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of 131.14, a price-to-earnings-growth ratio of 15.18 and a beta of 1.03.

BOX (NYSE:BOX) last announced its earnings results on Tuesday, August 29th. The software maker reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. BOX had a net margin of 4.86% and a negative return on equity of 6.51%. The business had revenue of $261.43 million for the quarter, compared to analyst estimates of $261.32 million. During the same quarter last year, the business earned ($0.05) earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. Equities research analysts anticipate that Box, Inc. will post 0.08 EPS for the current fiscal 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 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.