Illinois Municipal Retirement Fund Decreases Stock Holdings in Box, Inc. (NYSE:BOX)

Illinois Municipal Retirement Fund lowered its position in shares of Box, Inc. (NYSE:BOX - Free Report) by 9.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 75,608 shares of the software maker's stock after selling 8,321 shares during the quarter. Illinois Municipal Retirement Fund owned about 0.05% of BOX worth $2,333,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Earnest Partners LLC boosted its stake in BOX by 2.1% during the fourth quarter. Earnest Partners LLC now owns 7,896,931 shares of the software maker's stock worth $249,543,000 after acquiring an additional 162,437 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of BOX by 103.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,386,370 shares of the software maker's stock valued at $107,009,000 after purchasing an additional 1,725,197 shares during the last quarter. Sei Investments Co. boosted its position in shares of BOX by 8.4% in the 4th quarter. Sei Investments Co. now owns 3,286,619 shares of the software maker's stock worth $103,857,000 after purchasing an additional 255,623 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of BOX by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,610,450 shares of the software maker's stock worth $82,492,000 after buying an additional 11,376 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in BOX by 11.8% during the 4th quarter. Renaissance Technologies LLC now owns 2,205,926 shares of the software maker's stock valued at $69,707,000 after buying an additional 233,100 shares in the last quarter. Hedge funds and other institutional investors own 86.74% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on BOX. Morgan Stanley reissued a "positive" rating on shares of BOX in a report on Wednesday, May 28th. UBS Group upgraded shares of BOX from a "buy" rating to a "strong-buy" rating and upped their price target for the stock from $37.00 to $40.00 in a research note on Wednesday, May 28th. Raymond James Financial restated an "outperform" rating and set a $42.00 price objective (up from $38.00) on shares of BOX in a research note on Wednesday, May 28th. DA Davidson set a $45.00 target price on shares of BOX and gave the stock a "buy" rating in a research note on Wednesday, May 28th. Finally, Wall Street Zen downgraded shares of BOX from a "buy" rating to a "hold" rating in a research report on Sunday. One 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 stock. According to data from MarketBeat, BOX presently has an average rating of "Moderate Buy" and an average price target of $38.50.

Insider Transactions at BOX

In other news, Director Bethany Mayer sold 5,123 shares of the firm's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $34.06, for a total value of $174,489.38. Following the transaction, the director owned 15,284 shares of the company's stock, valued at $520,573.04. This trade represents a 25.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Olivia Nottebohm sold 2,013 shares of BOX stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $34.60, for a total value of $69,649.80. Following the transaction, the chief operating officer directly owned 534,086 shares in the company, valued at approximately $18,479,375.60. The trade was a 0.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 100,509 shares of company stock worth $3,465,476 over the last three months. 3.90% of the stock is currently owned by insiders.

BOX Stock Performance

Shares of BOX stock traded up $0.44 on Thursday, reaching $33.26. The stock had a trading volume of 1,312,192 shares, compared to its average volume of 1,948,896. Box, Inc. has a 1 year low of $24.63 and a 1 year high of $38.80. The stock has a market cap of $4.78 billion, a P/E ratio of 25.78 and a beta of 0.90. The company has a 50 day simple moving average of $33.70 and a 200 day simple moving average of $32.49.

BOX (NYSE:BOX - Get Free Report) last released its quarterly earnings results on Tuesday, May 27th. The software maker reported $0.30 EPS for the quarter, beating the consensus estimate of $0.25 by $0.05. The firm had revenue of $276.27 million during the quarter, compared to analyst estimates of $274.77 million. BOX had a net margin of 21.38% and a negative return on equity of 20.17%. The business's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.39 EPS. On average, equities research analysts anticipate that Box, Inc. will post 0.27 earnings per share for the current fiscal year.

BOX Company Profile

Box, Inc engages in the provision of an enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, Box Governance, Box Zones, Box Relay, Box Shuttle, and Box KeySafe.