Box, Inc. (NYSE:BOX) Shares Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System increased its position in Box, Inc. (NYSE:BOX) by 2.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,600 shares of the software maker’s stock after purchasing an additional 1,500 shares during the quarter. Louisiana State Employees Retirement System owned 0.05% of BOX worth $1,920,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of BOX by 8.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,011 shares of the software maker’s stock worth $794,000 after acquiring an additional 2,330 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of BOX by 9.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,661 shares of the software maker’s stock valued at $247,000 after buying an additional 841 shares during the last quarter. Brio Consultants LLC acquired a new stake in shares of BOX during the fourth quarter worth approximately $1,016,000. Russell Investments Group Ltd. increased its stake in shares of BOX by 10.3% in the fourth quarter. Russell Investments Group Ltd. now owns 492,333 shares of the software maker’s stock worth $12,619,000 after buying an additional 45,971 shares during the last quarter. Finally, a16z Perennial Management L.P. acquired a new stake in BOX in the fourth quarter valued at $48,000. 86.74% of the stock is owned by institutional investors and hedge funds.

Insider Activity at BOX

In other BOX news, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $24.97, for a total transaction of $324,610.00. Following the sale, the chief financial officer now directly owns 1,526,661 shares in the company, valued at approximately $38,120,725.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $24.97, for a total transaction of $324,610.00. Following the transaction, the chief financial officer now directly owns 1,526,661 shares in the company, valued at approximately $38,120,725.17. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Eli Berkovitch sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $25.25, for a total value of $63,125.00. Following the transaction, the vice president now directly owns 147,232 shares of the company’s stock, valued at approximately $3,717,608. The disclosure for this sale can be found here. Insiders sold 59,560 shares of company stock worth $1,556,440 in the last 90 days. Corporate insiders own 4.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on BOX. Oppenheimer reissued an “outperform” rating and set a $35.00 price objective on shares of BOX in a report on Wednesday, May 29th. StockNews.com upgraded BOX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 15th. Royal Bank of Canada restated an “underperform” rating and set a $21.00 price objective on shares of BOX in a research note on Wednesday, May 29th. Morgan Stanley decreased their target price on BOX from $32.00 to $30.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 29th. Finally, Monness Crespi & Hardt upgraded BOX to a “hold” rating in a report on Friday, August 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, BOX currently has an average rating of “Moderate Buy” and a consensus price target of $30.33.

BOX Stock Performance

BOX stock opened at $28.49 on Friday. The firm has a market capitalization of $4.11 billion, a P/E ratio of 39.03 and a beta of 0.86. The company has a 50-day simple moving average of $26.75 and a 200-day simple moving average of $26.97. Box, Inc. has a one year low of $23.29 and a one year high of $30.94.

BOX (NYSE:BOX) last posted its earnings results on Tuesday, May 28th. The software maker reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. The firm had revenue of $264.66 million during the quarter, compared to analysts’ expectations of $261.65 million. BOX had a net margin of 13.13% and a negative return on equity of 11.71%. As a group, sell-side analysts forecast that Box, Inc. will post 0.19 earnings per share for the current year.

About BOX

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.