Box, Inc. (NYSE:BOX) Stock Position Lessened by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp decreased its holdings in Box, Inc. (NYSE:BOX) by 14.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 107,473 shares of the software maker’s stock after selling 18,196 shares during the quarter. Texas Permanent School Fund Corp owned 0.07% of BOX worth $2,842,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. TFO Wealth Partners LLC grew its stake in shares of BOX by 62,000.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,863 shares of the software maker’s stock worth $48,000 after purchasing an additional 1,860 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in BOX by 31.7% during the second quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock valued at $69,000 after buying an additional 632 shares in the last quarter. Quest Partners LLC bought a new position in BOX during the second quarter valued at about $95,000. Covestor Ltd boosted its stake in BOX by 27.3% during the first quarter. Covestor Ltd now owns 4,312 shares of the software maker’s stock valued at $122,000 after buying an additional 924 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in BOX by 14.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 6,207 shares of the software maker’s stock valued at $154,000 after buying an additional 782 shares in the last quarter. Institutional investors own 86.74% of the company’s stock.

BOX Trading Up 1.2 %

Shares of BOX stock opened at $33.29 on Monday. The stock has a 50-day moving average price of $28.67 and a 200 day moving average price of $27.63. The company has a market cap of $4.81 billion, a P/E ratio of 45.60 and a beta of 0.85. Box, Inc. has a 1 year low of $23.29 and a 1 year high of $33.45.

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

Analyst Ratings Changes

Several research analysts recently weighed in on the company. StockNews.com raised BOX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 15th. Monness Crespi & Hardt raised BOX to a “hold” rating in a report on Friday, August 16th. UBS Group upped their target price on BOX from $31.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Royal Bank of Canada reaffirmed an “underperform” rating and set a $21.00 target price on shares of BOX in a report on Wednesday, August 28th. Finally, Citigroup upped their target price on BOX from $32.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.22.

Insiders Place Their Bets

In other BOX news, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $24.97, for a total value of $324,610.00. Following the transaction, the chief financial officer now directly owns 1,526,661 shares of the company’s stock, valued at approximately $38,120,725.17. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction dated 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 owns 1,526,661 shares of the company’s stock, valued at approximately $38,120,725.17. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Aaron Levie sold 10,000 shares of the stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $26.26, for a total value of $262,600.00. Following the transaction, the chief executive officer now directly owns 3,019,155 shares in the company, valued at approximately $79,283,010.30. The disclosure for this sale can be found here. Insiders have sold a total of 73,260 shares of company stock valued at $2,113,560 in the last three months. Insiders own 4.10% of the company’s stock.

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.