BOX (NYSE:BOX) Upgraded by StockNews.com to Strong-Buy

BOX (NYSE:BOX) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Tuesday.

Several other analysts have also recently weighed in on the stock. UBS Group boosted their price objective on shares of BOX from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. JMP Securities reissued a “market outperform” rating and issued a $32.00 price objective on shares of BOX in a research note on Wednesday, March 20th. JPMorgan Chase & Co. boosted their price objective on shares of BOX from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. TheStreet raised shares of BOX from a “c” rating to a “b” rating in a research note on Tuesday, March 5th. Finally, Citigroup boosted their price objective on shares of BOX from $29.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.89.

BOX Stock Up 0.2 %

Shares of NYSE BOX traded up $0.07 during midday trading on Tuesday, reaching $28.30. 1,093,460 shares of the company were exchanged, compared to its average volume of 2,470,010. The stock’s 50-day moving average price is $27.12 and its 200-day moving average price is $25.87. The stock has a market cap of $4.09 billion, a P/E ratio of 42.24, a PEG ratio of 8.73 and a beta of 0.83. BOX has a one year low of $23.29 and a one year high of $31.94.

Insider Activity at BOX

In other news, CEO Aaron Levie sold 10,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $29.47, for a total transaction of $294,700.00. Following the transaction, the chief executive officer now owns 3,048,653 shares in the company, valued at $89,843,803.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Aaron Levie sold 10,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $29.47, for a total transaction of $294,700.00. Following the transaction, the chief executive officer now owns 3,048,653 shares in the company, valued at $89,843,803.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Eli Berkovitch sold 7,750 shares of the company’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $24.94, for a total transaction of $193,285.00. Following the transaction, the vice president now owns 136,733 shares in the company, valued at approximately $3,410,121.02. The disclosure for this sale can be found here. Insiders have sold a total of 130,410 shares of company stock worth $3,641,249 over the last quarter. Company insiders own 4.90% of the company’s stock.

Institutional Investors Weigh In On BOX

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of BOX by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 15,064,800 shares of the software maker’s stock worth $385,810,000 after acquiring an additional 159,111 shares during the last quarter. Earnest Partners LLC grew its position in BOX by 1.2% in the 3rd quarter. Earnest Partners LLC now owns 6,132,385 shares of the software maker’s stock worth $148,465,000 after purchasing an additional 70,129 shares in the last quarter. RGM Capital LLC grew its position in BOX by 6.9% in the 3rd quarter. RGM Capital LLC now owns 5,449,887 shares of the software maker’s stock worth $131,942,000 after purchasing an additional 349,976 shares in the last quarter. Champlain Investment Partners LLC bought a new stake in BOX in the 2nd quarter worth about $105,797,000. Finally, Macquarie Group Ltd. grew its position in shares of BOX by 4.9% during the 1st quarter. Macquarie Group Ltd. now owns 3,379,511 shares of the software maker’s stock valued at $90,537,000 after acquiring an additional 158,270 shares during the period. Institutional investors and hedge funds own 86.74% of the company’s stock.

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.