New York State Teachers Retirement System Grows Holdings in Box, Inc. (NYSE:BOX)

New York State Teachers Retirement System boosted its position in Box, Inc. (NYSE:BOX) by 27.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 63,528 shares of the software maker’s stock after purchasing an additional 13,789 shares during the period. New York State Teachers Retirement System’s holdings in BOX were worth $2,007,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its holdings in shares of BOX by 182.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 39,608 shares of the software maker’s stock valued at $1,241,000 after acquiring an additional 25,587 shares in the last quarter. Summit Trail Advisors LLC raised its position in shares of BOX by 29.2% during 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 lifted its holdings in shares of BOX by 2.6% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,340 shares of the software maker’s stock worth $548,000 after acquiring an additional 442 shares during the last quarter. Bleakley Financial Group LLC bought a new position in shares of BOX in the fourth quarter worth approximately $200,000. Finally, Matisse Capital grew its position in shares of BOX by 30.4% in the 4th quarter. Matisse Capital now owns 15,000 shares of the software maker’s stock worth $474,000 after buying an additional 3,500 shares during the last quarter. Hedge funds and other institutional investors own 86.74% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on BOX shares. Morgan Stanley lifted their target price on shares of BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 4th. DA Davidson initiated coverage on shares of BOX in a research report on Wednesday, December 18th. They set a “buy” rating and a $45.00 price objective on the stock. StockNews.com lowered shares of BOX from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 8th. William Blair reissued an “outperform” rating on shares of BOX in a research note on Thursday, November 14th. Finally, Citigroup lifted their price objective on BOX from $34.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $35.89.

BOX Price Performance

Shares of BOX stock opened at $33.48 on Friday. Box, Inc. has a 1-year low of $24.63 and a 1-year high of $35.74. The firm has a market capitalization of $4.81 billion, a PE ratio of 41.85, a P/E/G ratio of 4.42 and a beta of 0.88. The business’s fifty day moving average price is $32.68 and its 200 day moving average price is $32.32.

Insider Buying and Selling

In other news, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $32.33, for a total value of $420,290.00. Following the transaction, the chief financial officer now directly owns 1,448,509 shares of the company’s stock, valued at $46,830,295.97. The trade was a 0.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Olivia Nottebohm sold 6,079 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $34.42, for a total value of $209,239.18. Following the transaction, the chief operating officer now directly owns 440,988 shares in the company, valued at $15,178,806.96. This trade represents a 1.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 89,041 shares of company stock worth $2,889,758. 4.10% of the stock is owned by corporate insiders.

BOX Company 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.