New York State Common Retirement Fund Cuts Stock Holdings in Box, Inc. (NYSE:BOX)

New York State Common Retirement Fund cut its position in shares of Box, Inc. (NYSE:BOX) by 32.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 58,979 shares of the software maker’s stock after selling 28,750 shares during the period. New York State Common Retirement Fund’s holdings in BOX were worth $1,510,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. 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 worth $247,000 after acquiring an additional 841 shares in the last quarter. Knights of Columbus Asset Advisors LLC boosted its position in BOX by 78.8% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 83,018 shares of the software maker’s stock worth $2,126,000 after purchasing an additional 36,590 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in BOX by 8.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,011 shares of the software maker’s stock valued at $794,000 after purchasing an additional 2,330 shares during the period. Mackenzie Financial Corp increased its position in shares of BOX by 4.5% in the fourth quarter. Mackenzie Financial Corp now owns 352,422 shares of the software maker’s stock valued at $9,026,000 after buying an additional 15,170 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. raised its stake in shares of BOX by 2.1% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 18,189 shares of the software maker’s stock worth $466,000 after buying an additional 376 shares during the period. Institutional investors and hedge funds own 86.74% of the company’s stock.

BOX Trading Down 1.0 %

Shares of BOX stock opened at $26.05 on Friday. The stock has a market cap of $3.76 billion, a price-to-earnings ratio of 38.87, a PEG ratio of 8.86 and a beta of 0.85. The company’s 50-day moving average price is $27.70 and its 200-day moving average price is $26.34. Box, Inc. has a twelve month low of $23.29 and a twelve month high of $31.94.

BOX (NYSE:BOX) last announced its quarterly earnings results on Tuesday, March 5th. The software maker reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.07. BOX had a net margin of 12.43% and a negative return on equity of 9.46%. The business had revenue of $262.88 million during the quarter, compared to the consensus estimate of $262.92 million. As a group, equities research analysts predict that Box, Inc. will post 0.15 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently commented on BOX. Royal Bank of Canada reissued an “underperform” rating and issued a $21.00 price target on shares of BOX in a report on Wednesday, March 20th. JPMorgan Chase & Co. lifted their price objective on BOX from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. JMP Securities restated a “market outperform” rating and issued a $32.00 target price on shares of BOX in a research report on Wednesday, March 20th. TheStreet upgraded BOX from a “c” rating to a “b” rating in a research report on Tuesday, March 5th. Finally, UBS Group lifted their target price on shares of BOX from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. One analyst has rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $30.89.

Insider Activity

In related news, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $29.26, for a total transaction of $380,380.00. Following the completion of the sale, the chief financial officer now directly owns 1,395,702 shares of the company’s stock, valued at approximately $40,838,240.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $29.26, for a total value of $380,380.00. Following the completion of the sale, the chief financial officer now owns 1,395,702 shares in the company, valued at approximately $40,838,240.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Aaron Levie sold 10,000 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $29.47, for a total value of $294,700.00. Following the transaction, the chief executive officer now owns 3,048,653 shares in the company, valued at $89,843,803.91. The disclosure for this sale can be found here. Insiders have sold a total of 120,660 shares of company stock valued at $3,435,094 in the last quarter. Insiders own 4.90% 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.