Arizona State Retirement System Trims Stock Position in Box, Inc. (NYSE:BOX)

Arizona State Retirement System cut its stake in shares of Box, Inc. (NYSE:BOX) by 2.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 40,267 shares of the software maker’s stock after selling 970 shares during the period. Arizona State Retirement System’s holdings in BOX were worth $1,031,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BOX. Fairfield Bush & CO. purchased a new stake in BOX during the 1st quarter valued at approximately $29,000. Quarry LP raised its stake in BOX by 318.2% during the 1st quarter. Quarry LP now owns 1,330 shares of the software maker’s stock valued at $36,000 after acquiring an additional 1,012 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in BOX during the 3rd quarter valued at approximately $38,000. Farther Finance Advisors LLC raised its stake in BOX by 31.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,971 shares of the software maker’s stock valued at $58,000 after acquiring an additional 475 shares during the last quarter. Finally, Point72 Middle East FZE purchased a new stake in BOX during the 4th quarter valued at approximately $68,000. 86.74% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at BOX

In other BOX news, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $27.47, for a total transaction of $357,110.00. Following the sale, the chief financial officer now owns 1,408,702 shares in the company, valued at approximately $38,697,043.94. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other BOX news, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $27.47, for a total transaction of $357,110.00. Following the sale, the chief financial officer now owns 1,408,702 shares in the company, valued at approximately $38,697,043.94. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Aaron Levie sold 10,000 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $29.47, for a total value of $294,700.00. Following the sale, the chief executive officer now owns 3,048,653 shares in the company, valued at approximately $89,843,803.91. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 133,660 shares of company stock worth $3,792,204. 4.90% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on BOX shares. TheStreet raised BOX from a “c” rating to a “b” rating in a research note on Tuesday, March 5th. StockNews.com raised BOX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 11th. JPMorgan Chase & Co. increased their target price on BOX from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. JMP Securities reissued a “market outperform” rating and set a $32.00 target price on shares of BOX in a research note on Wednesday, March 20th. Finally, Royal Bank of Canada reissued an “underperform” rating and set a $21.00 target price on shares of BOX in a research note on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, BOX presently has an average rating of “Moderate Buy” and a consensus target price of $30.89.

BOX Price Performance

BOX opened at $26.26 on Tuesday. The stock has a market cap of $3.79 billion, a P/E ratio of 39.19, a P/E/G ratio of 9.13 and a beta of 0.84. The stock’s 50 day simple moving average is $27.53 and its 200 day simple moving average is $26.17. Box, Inc. has a 1-year low of $23.29 and a 1-year high of $31.94.

BOX (NYSE:BOX) last released its quarterly earnings results on Tuesday, March 5th. The software maker reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.07. The business had revenue of $262.88 million for the quarter, compared to analysts’ expectations of $262.92 million. BOX had a negative return on equity of 9.46% and a net margin of 12.43%. Research analysts expect that Box, Inc. will post 0.15 EPS for the current fiscal year.

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.