Louisiana State Employees Retirement System Trims Stock Holdings in Box, Inc. (NYSE:BOX)

Louisiana State Employees Retirement System trimmed its holdings in Box, Inc. (NYSE:BOX) by 1.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,200 shares of the software maker’s stock after selling 1,100 shares during the period. Louisiana State Employees Retirement System’s holdings in BOX were worth $2,187,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Summit Trail Advisors LLC grew its stake in BOX by 29.2% in the 4th quarter. Summit Trail Advisors LLC now owns 26,596 shares of the software maker’s stock valued at $840,000 after buying an additional 6,017 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of BOX by 2.6% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,340 shares of the software maker’s stock valued at $548,000 after purchasing an additional 442 shares in the last quarter. Bleakley Financial Group LLC purchased a new position in shares of BOX during the 4th quarter valued at $200,000. Matisse Capital grew its position in shares of BOX by 30.4% during the 4th quarter. Matisse Capital now owns 15,000 shares of the software maker’s stock valued at $474,000 after purchasing an additional 3,500 shares in the last quarter. Finally, OLD National Bancorp IN purchased a new position in shares of BOX during the 4th quarter valued at $203,000. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on BOX shares. Royal Bank of Canada restated an “underperform” rating and set a $21.00 price target on shares of BOX in a research report on Wednesday, December 4th. Bank of America started coverage on shares of BOX in a research report on Thursday, December 12th. They set a “buy” rating and a $40.00 price target for the company. DA Davidson started coverage on shares of BOX in a research report on Wednesday, December 18th. They set a “buy” rating and a $45.00 price target for the company. Citigroup boosted their price target on shares of BOX from $34.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Finally, StockNews.com lowered shares of BOX from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $35.89.

BOX Stock Down 0.2 %

BOX stock opened at $35.34 on Friday. The company has a market capitalization of $5.08 billion, a PE ratio of 44.17, a P/E/G ratio of 4.40 and a beta of 0.88. The firm has a fifty day simple moving average of $32.46 and a two-hundred day simple moving average of $32.03. Box, Inc. has a twelve month low of $24.56 and a twelve month high of $35.74.

Insiders Place Their Bets

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 value of $395,385.90. Following the completion of the sale, the chief operating officer now directly owns 453,146 shares of the company’s stock, valued at $14,432,700.10. The trade was a 2.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Aaron Levie sold 10,000 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $32.54, for a total transaction of $325,400.00. Following the transaction, the chief executive officer now directly owns 2,999,155 shares of the company’s stock, valued at approximately $97,592,503.70. This trade represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 89,041 shares of company stock valued at $2,889,758 over the last three months. Insiders own 4.10% of the company’s stock.

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.