Box, Inc. (NYSE:BOX) Shares Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D boosted its holdings in shares of Box, Inc. (NYSE:BOX) by 1.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,211 shares of the software maker’s stock after buying an additional 834 shares during the period. State of New Jersey Common Pension Fund D’s holdings in BOX were worth $2,265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BOX. GAMMA Investing LLC grew its stake in shares of BOX by 143.1% during the third quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock worth $44,000 after acquiring an additional 787 shares during the last quarter. Quarry LP boosted its stake in BOX by 324.6% in the 2nd quarter. Quarry LP now owns 1,418 shares of the software maker’s stock worth $37,000 after purchasing an additional 1,084 shares in the last quarter. Toronto Dominion Bank purchased a new stake in BOX during the 2nd quarter worth approximately $53,000. Farther Finance Advisors LLC increased its stake in BOX by 245.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker’s stock valued at $71,000 after purchasing an additional 1,536 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in shares of BOX by 31.7% in the second quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock worth $69,000 after buying an additional 632 shares during the last quarter. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

BOX Trading Down 1.1 %

Shares of BOX opened at $34.28 on Friday. The firm has a market cap of $4.91 billion, a P/E ratio of 43.39 and a beta of 0.85. Box, Inc. has a 12 month low of $23.29 and a 12 month high of $35.07. The stock’s 50 day moving average is $32.68 and its two-hundred day moving average is $29.08.

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

Insider Activity at BOX

In other BOX news, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $32.89, for a total transaction of $427,570.00. Following the sale, the chief financial officer now owns 1,500,661 shares of the company’s stock, valued at $49,356,740.29. The trade was a 0.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jack R. Lazar sold 7,000 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $32.68, for a total transaction of $228,760.00. Following the completion of the transaction, the director now directly owns 29,197 shares in the company, valued at approximately $954,157.96. This represents a 19.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 58,500 shares of company stock valued at $1,939,895. 4.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

BOX has been the topic of several research reports. Royal Bank of Canada reissued an “underperform” rating and issued a $21.00 target price on shares of BOX in a research report on Wednesday, August 28th. Morgan Stanley raised their price objective on BOX from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 5th. StockNews.com upgraded BOX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 15th. UBS Group raised their price target on shares of BOX from $31.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Finally, Monness Crespi & Hardt upgraded shares of BOX to a “hold” rating in a research note on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $31.22.

BOX Company 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.