Louisiana State Employees Retirement System Sells 1,100 Shares of Box, Inc. (NYSE:BOX)

Louisiana State Employees Retirement System trimmed its position in shares of Box, Inc. (NYSE:BOX) by 1.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 69,200 shares of the software maker’s stock after selling 1,100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in BOX were worth $2,187,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Itau Unibanco Holding S.A. bought a new position in BOX in the third quarter worth about $36,000. GAMMA Investing LLC raised 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 worth $44,000 after buying an additional 787 shares in the last quarter. Farther Finance Advisors LLC raised 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 worth $71,000 after buying an additional 1,536 shares in the last quarter. KBC Group NV raised its stake in BOX by 35.7% in the fourth quarter. KBC Group NV now owns 5,403 shares of the software maker’s stock worth $171,000 after buying an additional 1,420 shares in the last quarter. Finally, Central Pacific Bank Trust Division raised its stake in BOX by 9.6% in the fourth quarter. Central Pacific Bank Trust Division now owns 6,070 shares of the software maker’s stock worth $192,000 after buying an additional 530 shares in the last quarter. 86.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Morgan Stanley increased their price target on shares of BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 4th. Citigroup upped their price objective on shares of BOX from $34.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. StockNews.com cut shares of BOX from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 8th. Royal Bank of Canada restated an “underperform” rating and issued a $21.00 price objective on shares of BOX in a report on Wednesday, December 4th. Finally, DA Davidson began coverage on shares of BOX in a report on Wednesday, December 18th. They issued a “buy” rating and a $45.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $35.89.

BOX Stock Down 0.2 %

NYSE:BOX opened at $35.34 on Friday. The company’s 50 day moving average price is $32.46 and its 200-day moving average price is $32.03. Box, Inc. has a 52 week low of $24.56 and a 52 week high of $35.74. The stock has a market cap of $5.08 billion, a price-to-earnings ratio of 44.17, a PEG ratio of 4.40 and a beta of 0.88.

Insider Activity

In other BOX news, COO Olivia Nottebohm sold 12,414 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $31.85, for a total transaction of $395,385.90. Following the completion of the sale, the chief operating officer now directly owns 453,146 shares in the company, valued at approximately $14,432,700.10. The trade was a 2.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $34.32, for a total transaction of $446,160.00. Following the sale, the chief financial officer now owns 1,453,684 shares of the company’s stock, valued at approximately $49,890,434.88. This represents a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 89,041 shares of company stock worth $2,889,758 over the last 90 days. 4.10% of the stock is currently owned by insiders.

BOX 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.