Nisa Investment Advisors LLC Sells 2,310 Shares of Box, Inc. (NYSE:BOX)

Nisa Investment Advisors LLC reduced its position in shares of Box, Inc. (NYSE:BOX) by 55.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,890 shares of the software maker’s stock after selling 2,310 shares during the period. Nisa Investment Advisors LLC’s holdings in BOX were worth $48,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Fairfield Bush & CO. bought a new position in shares of BOX during the first quarter valued at about $29,000. Quarry LP lifted its position in shares of BOX by 318.2% during the first quarter. Quarry LP now owns 1,330 shares of the software maker’s stock valued at $36,000 after purchasing an additional 1,012 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of BOX during the third quarter valued at about $38,000. Point72 Middle East FZE bought a new position in shares of BOX during the fourth quarter valued at about $68,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of BOX by 201.3% during the first quarter. Tower Research Capital LLC TRC now owns 2,754 shares of the software maker’s stock valued at $74,000 after purchasing an additional 1,840 shares in the last quarter. 86.74% of the stock is owned by institutional investors.

Analyst Ratings Changes

BOX has been the subject of a number of research analyst reports. Royal Bank of Canada restated an “underperform” rating and set a $21.00 price objective on shares of BOX in a report on Wednesday, March 20th. JMP Securities restated a “market outperform” rating and set a $32.00 price objective on shares of BOX in a report on Wednesday, March 20th. JPMorgan Chase & Co. raised their price objective on shares of BOX from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. UBS Group raised their price objective on shares of BOX from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Finally, Citigroup raised their price objective on shares of BOX from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. One analyst has rated the stock with a sell rating, one has given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $30.89.

BOX Trading Up 0.8 %

BOX stock opened at $26.67 on Monday. The firm has a 50 day moving average of $27.48 and a 200-day moving average of $26.22. Box, Inc. has a 12 month low of $23.29 and a 12 month high of $31.94. The firm has a market capitalization of $3.85 billion, a P/E ratio of 39.81, a price-to-earnings-growth ratio of 9.04 and a beta of 0.84.

BOX (NYSE:BOX) last released its quarterly earnings data on Tuesday, March 5th. The software maker reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.07. BOX had a net margin of 12.43% and a negative return on equity of 9.46%. The company had revenue of $262.88 million during the quarter, compared to analyst estimates of $262.92 million. Sell-side analysts predict that Box, Inc. will post 0.15 EPS for the current year.

Insider Buying and Selling at BOX

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

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.