Box, Inc. (NYSE:BOX) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System cut its stake in shares of Box, Inc. (NYSE:BOX - Free Report) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 894,241 shares of the software maker's stock after selling 34,180 shares during the quarter. California Public Employees Retirement System owned approximately 0.62% of BOX worth $22,902,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of BOX. DekaBank Deutsche Girozentrale purchased a new stake in shares of BOX in the third quarter valued at about $38,000. Blue Trust Inc. increased its holdings in BOX by 17.0% during the fourth quarter. Blue Trust Inc. now owns 6,165 shares of the software maker's stock worth $149,000 after buying an additional 897 shares during the last quarter. Tennessee Valley Asset Management Partners purchased a new stake in BOX during the fourth quarter worth about $185,000. Stratos Wealth Partners LTD. purchased a new stake in BOX during the fourth quarter worth about $209,000. Finally, Jump Financial LLC purchased a new stake in BOX during the third quarter worth about $210,000. Institutional investors and hedge funds own 86.74% of the company's stock.

BOX Stock Down 0.5 %

NYSE BOX traded down $0.14 during trading on Monday, hitting $26.71. 1,133,204 shares of the stock traded hands, compared to its average volume of 2,185,843. The company has a market capitalization of $3.86 billion, a P/E ratio of 39.87, a price-to-earnings-growth ratio of 9.10 and a beta of 0.84. The firm has a 50-day simple moving average of $27.56 and a 200-day simple moving average of $26.29. Box, Inc. has a 12-month low of $23.29 and a 12-month high of $31.94.

BOX (NYSE:BOX - Get Free Report) last announced its earnings results on Tuesday, March 5th. The software maker reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.07. The firm had revenue of $262.88 million during 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%. As a group, research analysts predict that Box, Inc. will post 0.15 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on BOX. 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. UBS Group increased their target price on shares of BOX from $33.00 to $34.00 and gave the stock a "buy" rating in a research report on Wednesday, March 6th. StockNews.com upgraded shares of BOX from a "buy" rating to a "strong-buy" rating in a research report on Thursday, April 11th. TheStreet upgraded shares of BOX from a "c" rating to a "b" rating in a research report on Tuesday, March 5th. Finally, JMP Securities restated a "market outperform" rating and issued a $32.00 price objective on shares of BOX in a research report on Wednesday, March 20th. One research analyst has rated the stock with a sell rating, one has given a hold rating, eight have assigned a buy rating and one has assigned 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.

Insider Buying and Selling at BOX

In other news, CFO Dylan C. Smith sold 13,000 shares of the business's stock in a transaction on Friday, February 9th. The stock was sold at an average price of $27.47, for a total value of $357,110.00. Following the completion of the transaction, the chief financial officer now directly owns 1,408,702 shares of the company's stock, valued at approximately $38,697,043.94. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CFO Dylan C. Smith sold 13,000 shares of the business's stock in a transaction on Friday, February 9th. The stock was sold at an average price of $27.47, for a total value of $357,110.00. Following the completion of the transaction, the chief financial officer now directly owns 1,408,702 shares of the company's stock, valued at approximately $38,697,043.94. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Daniel J. Levin sold 73,660 shares of the business's stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $28.40, for a total value of $2,091,944.00. Following the completion of the transaction, the director now directly owns 43,940 shares of the company's stock, valued at $1,247,896. The disclosure for this sale can be found here. Insiders sold a total of 133,660 shares of company stock valued at $3,792,204 in the last ninety days. Corporate insiders own 4.90% of the company's stock.

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.