Box, Inc. (NYSE:BOX) Stock Holdings Increased by Arizona State Retirement System

Arizona State Retirement System grew its position in shares of Box, Inc. (NYSE:BOX) by 2.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,412 shares of the software maker’s stock after buying an additional 950 shares during the period. Arizona State Retirement System’s holdings in BOX were worth $1,068,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in BOX by 14.9% during the first quarter. Vanguard Group Inc. now owns 17,313,882 shares of the software maker’s stock worth $490,329,000 after purchasing an additional 2,249,082 shares during the last quarter. Earnest Partners LLC lifted its position in shares of BOX by 10.5% in the 1st quarter. Earnest Partners LLC now owns 7,340,474 shares of the software maker’s stock worth $207,882,000 after buying an additional 699,882 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of BOX by 16.6% in the 1st quarter. Sei Investments Co. now owns 2,953,422 shares of the software maker’s stock valued at $83,641,000 after buying an additional 421,289 shares during the period. Jacobs Levy Equity Management Inc. grew its position in shares of BOX by 19.4% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 2,374,580 shares of the software maker’s stock valued at $67,248,000 after buying an additional 386,149 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in BOX by 2.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,207,010 shares of the software maker’s stock worth $56,523,000 after acquiring an additional 47,220 shares during the period. Institutional investors and hedge funds own 86.74% of the company’s stock.

BOX Stock Performance

Shares of NYSE BOX opened at $33.29 on Friday. Box, Inc. has a 1 year low of $23.29 and a 1 year high of $33.45. The firm has a market cap of $4.77 billion, a P/E ratio of 45.60 and a beta of 0.85. The stock has a fifty day moving average price of $28.67 and a two-hundred day moving average price of $27.60.

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

Insider Activity at BOX

In other BOX news, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction 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 owns 1,500,661 shares of the company’s stock, valued at $49,356,740.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction dated 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 owns 1,500,661 shares of the company’s stock, valued at approximately $49,356,740.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Eli Berkovitch sold 2,500 shares of the company’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $25.25, for a total transaction of $63,125.00. Following the sale, the vice president now directly owns 147,232 shares of the company’s stock, valued at $3,717,608. The disclosure for this sale can be found here. Insiders sold a total of 73,260 shares of company stock valued at $2,113,560 over the last ninety days. Insiders own 4.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Oppenheimer restated an “outperform” rating and issued a $35.00 target price on shares of BOX in a research note on Wednesday, May 29th. UBS Group upped their price objective on BOX from $31.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Monness Crespi & Hardt raised shares of BOX to a “hold” rating in a report on Friday, August 16th. Citigroup increased their price objective on shares of BOX from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Finally, Morgan Stanley boosted their target price on shares of BOX from $30.00 to $33.00 and gave the company an “equal weight” rating in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.