Cubist Systematic Strategies LLC has $3.22M stock position in Box, Inc. (NYSE:BOX)

Cubist Systematic Strategies LLC raised its stake in Box, Inc. (NYSE:BOX – Free Report) by 240.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 121,836 shares of the software maker’s stock after buying an additional 86,036 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.08% of BOX worth $3,221,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. TFO Wealth Partners LLC boosted its stake in BOX by 62,000.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,863 shares of the software maker’s stock valued at $48,000 after acquiring an additional 1,860 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in BOX by 31.7% in the second quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock valued at $69,000 after purchasing an additional 632 shares in the last quarter. Quest Partners LLC bought a new position in BOX in the second quarter valued at approximately $95,000. Covestor Ltd grew its position in BOX by 27.3% in the first quarter. Covestor Ltd now owns 4,312 shares of the software maker’s stock worth $122,000 after purchasing an additional 924 shares during the last quarter. Finally, Neo Ivy Capital Management bought a new stake in BOX in the fourth quarter valued at about $156,000. 86.74% of shares are owned by institutional investors.

Analyst upgrades and downgrades

Several research analysts have recently commented on BOX shares. Morgan Stanley lifted their price target on BOX from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 5th. UBS Group boosted their price objective on shares of BOX from $31.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. StockNews.com raised shares of BOX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 15th. Royal Bank of Canada restated an “underperform” rating and set a $21.00 target price on shares of BOX in a report on Wednesday, August 28th. Finally, Citigroup upped their target price on shares of BOX from $32.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. BOX has an average rating of “Moderate Buy” and a consensus price target of $31.22, according to MarketBeat.com.

Check out our latest review on BOX

BOX price performance

Shares of NYSE:BOX opened at $32.75 on Friday. The company’s 50-day simple moving average is $30.02, and its 200-day simple moving average is $27.95. Box, Inc. has a 1 year low of $23.29 and a 1 year high of $33.95. The company has a market cap of $4.73 billion, a P/E ratio of 44.86 and a beta of 0.85.

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

Indoor activity

In related news, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $24.97, for a total value of $324,610.00. Following the transaction, the chief financial officer now directly owns 1,526,661 shares of the company’s stock, valued at $38,120,725.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible via this hyperlink. In related news, Director Bethany Mayer sold 4,760 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $26.48, for a total value of $126,044.80. Following the sale, the director now directly owns 58,731 shares of the company’s stock, valued at $1,555,196.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible via this link. Also, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $24.97, for a total value of $324,610.00. Following the transaction, the chief financial officer now directly owns 1,526,661 shares of the company’s stock, valued at approximately $38,120,725.17. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 73,260 shares of company stock worth $2,113,560. 4.10% of shares are currently owned by corporate insiders.

About BOX

(Free Report)

Box, Inc provides a cloud content management platform that enables organizations of all 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 needed from secure external collaboration and sharing, workspaces and portals, electronic signature processes and content workflows, improving employee productivity and speeding up business processes.

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