Teacher Retirement System of Texas Lowers Stake in Box, Inc. (NYSE:BOX)

Teacher Retirement System of Texas reduced its position in shares of Box, Inc. (NYSE:BOX - Free Report) by 43.0% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,332 shares of the software maker's stock after selling 22,158 shares during the quarter. Teacher Retirement System of Texas' holdings in BOX were worth $905,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Arrowstreet Capital Limited Partnership grew its stake in shares of BOX by 103.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,386,370 shares of the software maker's stock worth $107,009,000 after acquiring an additional 1,725,197 shares during the period. Norges Bank purchased a new position in shares of BOX in the fourth quarter worth approximately $29,973,000. Wells Fargo & Company MN boosted its holdings in shares of BOX by 22.9% in the fourth quarter. Wells Fargo & Company MN now owns 1,633,647 shares of the software maker's stock worth $51,623,000 after buying an additional 304,755 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of BOX by 219.4% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 420,907 shares of the software maker's stock worth $13,301,000 after buying an additional 289,112 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of BOX by 126.0% in the fourth quarter. Janus Henderson Group PLC now owns 487,387 shares of the software maker's stock worth $15,399,000 after buying an additional 271,745 shares during the last quarter. 86.74% of the stock is currently owned by institutional investors.

BOX Stock Performance

BOX stock opened at $32.54 on Tuesday. Box, Inc. has a one year low of $25.96 and a one year high of $38.80. The company's fifty day moving average price is $34.00 and its 200-day moving average price is $32.55. The company has a market capitalization of $4.68 billion, a PE ratio of 25.23 and a beta of 0.90.

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

Insider Buying and Selling

In related news, Director Dana L. Evan sold 7,590 shares of the business's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $33.51, for a total value of $254,340.90. Following the sale, the director owned 115,725 shares in the company, valued at approximately $3,877,944.75. The trade was a 6.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Aaron Levie sold 15,000 shares of the business's stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $33.35, for a total transaction of $500,250.00. Following the transaction, the chief executive officer owned 2,952,030 shares in the company, valued at $98,450,200.50. This trade represents a 0.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 109,017 shares of company stock valued at $3,813,741 in the last three months. Corporate insiders own 3.90% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Wall Street Zen downgraded shares of BOX from a "buy" rating to a "hold" rating in a report on Sunday, June 29th. JPMorgan Chase & Co. lifted their price target on shares of BOX from $37.00 to $39.00 and gave the company an "overweight" rating in a report on Wednesday, May 28th. UBS Group raised shares of BOX from a "buy" rating to a "strong-buy" rating and lifted their price target for the company from $37.00 to $40.00 in a report on Wednesday, May 28th. DA Davidson set a $45.00 price target on shares of BOX and gave the company a "buy" rating in a report on Wednesday, May 28th. Finally, Raymond James Financial reaffirmed an "outperform" rating and set a $42.00 price target (up previously from $38.00) on shares of BOX in a report on Wednesday, May 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $38.50.

About BOX

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.

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