Nisa Investment Advisors LLC decreased its position in Box, Inc. (NYSE:BOX) by 28.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,200 shares of the software maker’s stock after selling 1,680 shares during the period. Nisa Investment Advisors LLC’s holdings in BOX were worth $107,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of BOX. Starboard Value LP raised its holdings in BOX by 16.1% in the 1st quarter. Starboard Value LP now owns 12,746,687 shares of the software maker’s stock valued at $292,664,000 after acquiring an additional 1,769,842 shares in the last quarter. Contour Asset Management LLC acquired a new position in BOX in the 1st quarter valued at approximately $28,599,000. Aristotle Capital Boston LLC acquired a new position in shares of BOX in the 1st quarter worth approximately $22,205,000. Credit Suisse AG raised its holdings in shares of BOX by 398.9% in the 1st quarter. Credit Suisse AG now owns 983,843 shares of the software maker’s stock worth $22,590,000 after buying an additional 786,655 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in shares of BOX by 5.0% in the 1st quarter. BlackRock Inc. now owns 13,648,635 shares of the software maker’s stock worth $313,374,000 after buying an additional 644,131 shares in the last quarter. 78.88% of the stock is owned by hedge funds and other institutional investors.
NYSE BOX opened at $22.92 on Friday. The firm has a market cap of $3.47 billion, a PE ratio of -99.65 and a beta of 1.27. Box, Inc. has a one year low of $15.07 and a one year high of $27.41. The stock’s 50 day simple moving average is $24.52 and its 200 day simple moving average is $23.61. The company has a debt-to-equity ratio of 3.33, a current ratio of 1.78 and a quick ratio of 1.78.
A number of equities analysts have recently issued reports on BOX shares. Raymond James increased their target price on BOX from $27.00 to $29.00 and gave the stock an “outperform” rating in a report on Thursday, August 26th. Royal Bank of Canada started coverage on BOX in a report on Wednesday, July 21st. They issued an “underperform” rating and a $19.00 target price for the company. Finally, TheStreet raised BOX from a “d” rating to a “c-” rating in a report on Thursday, May 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, BOX has a consensus rating of “Buy” and a consensus target price of $24.33.
In other BOX news, CFO Dylan C. Smith sold 15,000 shares of the stock in a transaction on Tuesday, August 10th. The stock was sold at an average price of $25.16, for a total value of $377,400.00. Following the transaction, the chief financial officer now directly owns 1,197,900 shares in the company, valued at approximately $30,139,164. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kimberly Hammonds sold 14,889 shares of the stock in a transaction on Tuesday, August 31st. The shares were sold at an average price of $25.77, for a total value of $383,689.53. The disclosure for this sale can be found here. Insiders sold a total of 59,889 shares of company stock worth $1,490,090 over the last quarter. Corporate insiders own 6.20% of the company’s stock.
Box, Inc engages in the provision of 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, box keysafe and automations.
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