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

Public Sector Pension Investment Board reduced its holdings in Box, Inc. (NYSE:BOX) by 2.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 308,725 shares of the software maker’s stock after selling 8,900 shares during the quarter. Public Sector Pension Investment Board’s holdings in BOX were worth $10,105,000 at the end of the most recent quarter.

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

BOX Stock Performance

Shares of BOX opened at $35.06 on Friday. The company has a market capitalization of $5.02 billion, a P/E 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. The stock has a 50-day moving average price of $32.90 and a 200 day moving average price of $29.59.

BOX (NYSE:BOX) last issued its quarterly earnings results on Tuesday, August 27th. The software maker reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The firm had revenue of $270.04 million during 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 revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.01 earnings per share. As a group, equities research analysts forecast that Box, Inc. will post 0.23 earnings per share for the current fiscal year.

Insider Activity at BOX

In other BOX news, Director Jack R. Lazar sold 2,500 shares of the stock in a transaction that occurred 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 transaction, the director now owns 26,697 shares of the company’s stock, valued at $927,720.75. This trade represents a 8.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $32.89, for a total value of $427,570.00. Following the transaction, the chief financial officer now directly owns 1,500,661 shares in the company, valued at approximately $49,356,740.29. This represents a 0.86 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 51,500 shares of company stock valued at $1,711,135. Insiders own 4.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on BOX shares. Citigroup upped their price target on BOX from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Morgan Stanley upped their price target on BOX from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 5th. Royal Bank of Canada restated an “underperform” rating and set a $21.00 price target on shares of BOX in a research note on Wednesday, August 28th. StockNews.com upgraded BOX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 15th. Finally, UBS Group upped their price target on BOX from $31.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $31.22.

BOX 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.