Today: Today, Quantbot Technologies LP Reached $148,000 position of Box Inc. (BOX)

Today, Quantbot Technologies LP Reached $148,000 position  of Box Inc. (BOX)

Quantbot Technologies LP lowered its position in shares of Box Inc. (NYSE:BOX) by 47.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 9,408 shares of the company’s stock after selling 8,378 shares during the period. Quantbot Technologies LP’s holdings in Box were worth $148,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Oppenheimer & Co. Inc. acquired a new stake in shares of Box during the second quarter worth about $192,000. Bares Capital Management Inc. boosted its stake in shares of Box by 48.6% in the second quarter. Bares Capital Management Inc. now owns 5,136,447 shares of the company’s stock worth $53,111,000 after buying an additional 1,680,699 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of Box by 268.5% in the second quarter. California State Teachers Retirement System now owns 102,363 shares of the company’s stock worth $1,058,000 after buying an additional 74,585 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Box by 93.6% in the second quarter. Bank of New York Mellon Corp now owns 158,830 shares of the company’s stock worth $1,642,000 after buying an additional 76,779 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Box by 71.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 137,449 shares of the company’s stock worth $1,422,000 after buying an additional 57,258 shares during the last quarter. 29.31% of the stock is currently owned by institutional investors and hedge funds.

Box (NYSE:BOX) last issued its quarterly earnings data on Wednesday, August 31st. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.05. Box had a negative net margin of 52.12% and a negative return on equity of 133.73%. The company had revenue of $95.70 million for the quarter, compared to the consensus estimate of $94.65 million. During the same period last year, the firm posted ($0.28) EPS. Box’s revenue for the quarter was up 30.2% on a year-over-year basis.

A number of equities research analysts have issued reports on BOX shares. Bank of America Corp. reissued a “buy” rating and set a $18.00 target price on shares of Box in a report on Monday, August 22nd. Vetr raised shares of Box from a “buy” rating to a “strong-buy” rating and set a $16.92 target price on the stock in a report on Wednesday, October 26th. Stifel Nicolaus reissued a “hold” rating and set a $15.00 target price on shares of Box in a report on Friday, September 9th. Canaccord Genuity reissued a “buy” rating and set a $17.00 target price on shares of Box in a report on Tuesday, September 13th. Finally, Pacific Crest reissued a “buy” rating and set a $21.00 target price on shares of Box in a report on Friday, September 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $17.95.

In other Box news, COO Daniel J. Levin sold 5,000 shares of the firm’s stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $14.44, for a total transaction of $72,200.00. Following the transaction, the chief operating officer now directly owns 3,079 shares of the company’s stock, valued at approximately $44,460.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jeff Mannie sold 3,756 shares of the firm’s stock in a transaction on Monday, September 26th. The stock was sold at an average price of $14.67, for a total transaction of $55,100.52. The disclosure for this sale can be found here. Company insiders own 22.30% of the company’s stock.

About Box

Box, Inc provides an enterprise content management platform that enables organizations of all sizes to manage enterprise content while allowing access and sharing of this content from anywhere, on any device. With the Company’s Software-as-a-Service (SaaS) cloud-based platform, users can collaborate on content both internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security and compliance features to comply with internal policies and industry regulations.

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