Teachers Advisors LLC boosted its stake in Box, Inc. (NYSE:BOX) by 47.6% during the first quarter, Holdings Channel reports. The institutional investor owned 223,487 shares of the software maker’s stock after buying an additional 72,071 shares during the period. Teachers Advisors LLC’s holdings in Box were worth $3,645,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of BOX. Creative Planning boosted its position in Box by 0.4% in the first quarter. Creative Planning now owns 41,680 shares of the software maker’s stock valued at $680,000 after buying an additional 180 shares in the last quarter. Capital One National Association boosted its position in Box by 1.3% in the first quarter. Capital One National Association now owns 24,481 shares of the software maker’s stock valued at $399,000 after buying an additional 309 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its position in Box by 4.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 35,294 shares of the software maker’s stock valued at $489,000 after buying an additional 1,476 shares in the last quarter. American International Group Inc. boosted its position in Box by 7.1% in the first quarter. American International Group Inc. now owns 30,063 shares of the software maker’s stock valued at $490,000 after buying an additional 1,991 shares in the last quarter. Finally, Lyell Wealth Management LP boosted its position in Box by 11.2% in the first quarter. Lyell Wealth Management LP now owns 32,615 shares of the software maker’s stock valued at $532,000 after buying an additional 3,283 shares in the last quarter. 38.18% of the stock is currently owned by hedge funds and other institutional investors.

Box, Inc. (NYSE:BOX) opened at 18.80 on Thursday. The company has a 50-day moving average of $18.90 and a 200-day moving average of $17.91. The stock’s market capitalization is $2.47 billion. Box, Inc. has a 1-year low of $12.26 and a 1-year high of $20.91.

Box (NYSE:BOX) last released its quarterly earnings results on Wednesday, May 31st. The software maker reported ($0.13) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.01. Box had a negative net margin of 36.01% and a negative return on equity of 187.98%. The business had revenue of $117.20 million for the quarter, compared to the consensus estimate of $114.70 million. During the same period last year, the firm earned ($0.18) earnings per share. The company’s quarterly revenue was up 29.9% on a year-over-year basis. Analysts anticipate that Box, Inc. will post ($0.46) earnings per share for the current fiscal year.

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A number of equities research analysts recently commented on BOX shares. Bank of America Corporation reaffirmed a “buy” rating and issued a $22.00 price target (up previously from $21.00) on shares of Box in a report on Friday, June 2nd. Drexel Hamilton reaffirmed a “buy” rating and issued a $28.00 price target (up previously from $26.00) on shares of Box in a report on Thursday, June 1st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $17.00 price target (up previously from $15.00) on shares of Box in a report on Thursday, June 1st. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $27.00 price target (up previously from $24.00) on shares of Box in a report on Thursday, June 1st. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $24.00 price target (up previously from $22.00) on shares of Box in a report on Thursday, June 1st. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $22.24.

In other Box news, insider Daniel J. Levin sold 50,000 shares of the stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $20.00, for a total value of $1,000,000.00. Following the transaction, the insider now directly owns 3,752 shares in the company, valued at $75,040. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Daniel J. Levin sold 40,000 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $18.46, for a total transaction of $738,400.00. Following the completion of the transaction, the chief operating officer now owns 3,752 shares in the company, valued at $69,261.92. The disclosure for this sale can be found here. Insiders sold 1,768,934 shares of company stock worth $33,066,666 over the last quarter. Insiders own 22.30% of the company’s stock.

About Box

Box, Inc provides an enterprise content management platform that enables organizations of all sizes to manage enterprise content while allowing access and sharing of this content from anywhere, on any device. With the Company’s Software-as-a-Service (SaaS) cloud-based platform, users can collaborate on content both internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security and compliance features to comply with internal policies and industry regulations.

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Institutional Ownership by Quarter for Box (NYSE:BOX)

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