Quest Partners LLC Has $1.31 Million Stock Holdings in Box, Inc. (NYSE:BOX)

Quest Partners LLC boosted its position in Box, Inc. (NYSE:BOX) by 1,012.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,003 shares of the software maker’s stock after buying an additional 36,407 shares during the quarter. Quest Partners LLC’s holdings in BOX were worth $1,309,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. Sumitomo Mitsui DS Asset Management Company Ltd increased 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 worth $419,000 after purchasing an additional 560 shares during the last quarter. Connable Office Inc. increased its position in shares of BOX by 3.8% during the 2nd quarter. Connable Office Inc. now owns 15,707 shares of the software maker’s stock worth $415,000 after purchasing an additional 573 shares during the last quarter. Creative Planning increased its position in shares of BOX by 4.2% during the 3rd quarter. Creative Planning now owns 15,743 shares of the software maker’s stock worth $515,000 after purchasing an additional 631 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of BOX by 31.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock worth $69,000 after purchasing an additional 632 shares during the last quarter. Finally, Diversified Trust Co increased 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 worth $713,000 after purchasing an additional 768 shares during the last quarter. Institutional investors and hedge funds own 86.74% of the company’s stock.

BOX Price Performance

BOX opened at $33.14 on Wednesday. The business has a fifty day simple moving average of $32.74 and a 200 day simple moving average of $29.27. The company has a market capitalization of $4.75 billion, a PE ratio of 41.95 and a beta of 0.85. Box, Inc. has a 1 year low of $23.29 and a 1 year high of $35.07.

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

Insider Activity

In related news, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $32.89, for a total transaction of $427,570.00. Following the completion of the sale, the chief financial officer now directly owns 1,500,661 shares in the company, valued at $49,356,740.29. This represents a 0.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jack R. Lazar sold 2,500 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $34.75, for a total value of $86,875.00. Following the sale, the director now owns 26,697 shares of the company’s stock, valued at approximately $927,720.75. This represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 58,500 shares of company stock worth $1,939,895. 4.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

BOX has been the topic of several recent analyst reports. Monness Crespi & Hardt raised BOX to a “hold” rating in a research report on Friday, August 16th. UBS Group boosted their target price on BOX from $31.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. StockNews.com raised BOX from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 15th. Citigroup boosted their target price on BOX from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Finally, William Blair reissued an “outperform” rating on shares of BOX in a report on Thursday, November 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, BOX presently has an average rating of “Moderate Buy” and a consensus target price of $31.22.

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.