Box, Inc. (NYSE:BOX) Shares Sold by Public Sector Pension Investment Board

Public Sector Pension Investment Board decreased its position in shares of Box, Inc. (NYSE:BOXFree Report) by 2.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 308,725 shares of the software maker’s stock after selling 8,900 shares during the period. Public Sector Pension Investment Board owned 0.22% of BOX worth $10,105,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in BOX by 143.1% during the third quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock worth $44,000 after buying an additional 787 shares during the period. Quarry LP increased its position in BOX by 324.6% during the second quarter. Quarry LP now owns 1,418 shares of the software maker’s stock worth $37,000 after buying an additional 1,084 shares during the period. Toronto Dominion Bank acquired a new position in BOX during the second quarter worth approximately $53,000. Farther Finance Advisors LLC increased its position in BOX by 245.4% during the third quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker’s stock worth $71,000 after buying an additional 1,536 shares during the period. Finally, Nisa Investment Advisors LLC increased its position in BOX by 31.7% during the second quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock worth $69,000 after buying an additional 632 shares during the period. Institutional investors and hedge funds own 86.74% of the company’s stock.

Insiders Place Their Bets

In other BOX news, Director Jack R. Lazar sold 2,500 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $34.75, for a total transaction of $86,875.00. Following the sale, the director now directly owns 26,697 shares in the company, valued at approximately $927,720.75. The trade was a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $34.21, for a total value of $444,730.00. Following the completion of the transaction, the chief financial officer now directly owns 1,461,509 shares of the company’s stock, valued at approximately $49,998,222.89. This trade represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,500 shares of company stock worth $1,711,135. 4.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Citigroup boosted their target price on BOX from $32.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. William Blair reissued an “outperform” rating on shares of BOX in a report on Thursday, November 14th. UBS Group boosted their target price on BOX from $31.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Royal Bank of Canada reissued an “underperform” rating and issued a $21.00 target price on shares of BOX in a report on Wednesday, August 28th. Finally, StockNews.com raised BOX from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, BOX has an average rating of “Moderate Buy” and a consensus price target of $31.22.

Read Our Latest Stock Report on BOX

BOX Stock Performance

BOX opened at $35.06 on Friday. The business’s fifty day moving average is $32.90 and its two-hundred day moving average is $29.59. The company has a market cap of $5.02 billion, a price-to-earnings ratio of 44.38 and a beta of 0.85. Box, Inc. has a one year low of $23.29 and a one year high of $35.74.

BOX (NYSE:BOXGet Free Report) last posted its earnings results on Tuesday, August 27th. The software maker reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The company had revenue of $270.04 million for the quarter, compared to the consensus estimate of $269.52 million. BOX had a negative return on equity of 14.41% and a net margin of 13.94%. BOX’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.01 earnings per share. On average, analysts predict that Box, Inc. will post 0.23 EPS for the current fiscal year.

BOX Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for BOX (NYSE:BOX)

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