Mizuho Markets Americas LLC Acquires Shares of 35,000 Box, Inc. (NYSE:BOX)

Mizuho Markets Americas LLC bought a new stake in Box, Inc. (NYSE:BOX) during the third quarter, HoldingsChannel reports. The firm bought 35,000 shares of the software maker’s stock, valued at approximately $1,146,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of BOX by 3.7% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,831 shares of the software maker’s stock valued at $419,000 after acquiring an additional 560 shares in the last quarter. Connable Office Inc. lifted its position in shares of BOX by 3.8% in the 2nd quarter. Connable Office Inc. now owns 15,707 shares of the software maker’s stock worth $415,000 after buying an additional 573 shares during the last quarter. Creative Planning lifted its position in shares of BOX by 4.2% in the 3rd quarter. Creative Planning now owns 15,743 shares of the software maker’s stock worth $515,000 after buying an additional 631 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of BOX by 31.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock valued at $69,000 after buying an additional 632 shares during the period. Finally, Diversified Trust Co grew its position in shares of BOX by 2.9% during the 2nd quarter. Diversified Trust Co now owns 26,980 shares of the software maker’s stock valued at $713,000 after buying an additional 768 shares during the last quarter. 86.74% of the stock is owned by institutional investors.

BOX Trading Down 2.2 %

Shares of NYSE:BOX opened at $33.53 on Friday. Box, Inc. has a twelve month low of $23.29 and a twelve month high of $35.07. The firm has a market cap of $4.80 billion, a P/E ratio of 42.44 and a beta of 0.85. The company has a 50 day moving average of $32.71 and a 200-day moving average of $29.15.

BOX (NYSE:BOX) last issued its quarterly earnings results on Tuesday, August 27th. The software maker reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. BOX had a negative return on equity of 14.41% and a net margin of 13.94%. The firm had revenue of $270.04 million during the quarter, compared to analyst estimates of $269.52 million. During the same period last year, the company posted $0.01 EPS. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. Equities research analysts forecast that Box, Inc. will post 0.23 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BOX. Royal Bank of Canada restated an “underperform” rating and issued a $21.00 target price on shares of BOX in a research note on Wednesday, August 28th. Morgan Stanley upped their price objective on BOX from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 5th. Monness Crespi & Hardt upgraded BOX to a “hold” rating in a research note on Friday, August 16th. StockNews.com raised shares of BOX from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 15th. Finally, William Blair reaffirmed an “outperform” rating on shares of BOX in a report on Thursday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $31.22.

Insider Buying and Selling

In other news, Director Jack R. Lazar sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $34.75, for a total transaction of $86,875.00. Following the completion of the transaction, the director now owns 26,697 shares in the company, valued at approximately $927,720.75. This trade represents a 8.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $34.21, for a total transaction of $444,730.00. Following the completion of the sale, the chief financial officer now owns 1,461,509 shares in the company, valued at $49,998,222.89. The trade was a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 58,500 shares of company stock valued at $1,939,895 over the last three months. Company insiders own 4.10% of the company’s stock.

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 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.