California Public Employees Retirement System Sells 34,180 Shares of Box, Inc. (NYSE:BOX)

California Public Employees Retirement System lessened its position in shares of Box, Inc. (NYSE:BOX) by 3.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 894,241 shares of the software maker’s stock after selling 34,180 shares during the period. California Public Employees Retirement System’s holdings in BOX were worth $22,902,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale bought a new position in BOX in the 3rd quarter valued at approximately $38,000. Blue Trust Inc. lifted its stake in BOX by 17.0% in the 4th quarter. Blue Trust Inc. now owns 6,165 shares of the software maker’s stock valued at $149,000 after purchasing an additional 897 shares during the last quarter. Tennessee Valley Asset Management Partners bought a new position in BOX in the 4th quarter valued at approximately $185,000. Stratos Wealth Partners LTD. bought a new position in BOX in the 4th quarter valued at approximately $209,000. Finally, Jump Financial LLC bought a new position in BOX in the 3rd quarter valued at approximately $210,000. Institutional investors own 86.74% of the company’s stock.

Insiders Place Their Bets

In other BOX news, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction 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 $38,697,043.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other BOX news, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction 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 $38,697,043.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Aaron Levie sold 10,000 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $29.47, for a total transaction of $294,700.00. Following the completion of the transaction, the chief executive officer now directly owns 3,048,653 shares in the company, valued at $89,843,803.91. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 133,660 shares of company stock worth $3,792,204. 4.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

BOX has been the subject of several recent research reports. JMP Securities restated a “market outperform” rating and issued a $32.00 price target on shares of BOX in a research report on Wednesday, March 20th. StockNews.com upgraded shares of BOX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 11th. Royal Bank of Canada restated an “underperform” rating and issued a $21.00 price target on shares of BOX in a research report on Wednesday, March 20th. JPMorgan Chase & Co. upped their price target on shares of BOX from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Finally, TheStreet upgraded shares of BOX from a “c” rating to a “b” rating in a research report on Tuesday, March 5th. One 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $30.89.

BOX Stock Down 0.5 %

BOX opened at $26.85 on Monday. Box, Inc. has a twelve month low of $23.29 and a twelve month high of $31.94. The company has a fifty day moving average of $27.54 and a 200-day moving average of $26.28. The stock has a market cap of $3.88 billion, a PE ratio of 40.07, a price-to-earnings-growth ratio of 9.10 and a beta of 0.84.

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

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.