New York State Teachers Retirement System Buys Shares of 45,302 Box, Inc. (NYSE:BOX)

New York State Teachers Retirement System purchased a new stake in Box, Inc. (NYSE:BOX) during the first quarter, according to its most recent filing with the SEC. The firm purchased 45,302 shares of the software maker’s stock, valued at approximately $1,283,000.

Other hedge funds have also modified their holdings of the company. DekaBank Deutsche Girozentrale acquired a new stake in BOX during the 3rd quarter worth approximately $38,000. a16z Perennial Management L.P. acquired a new stake in BOX during the 4th quarter worth approximately $48,000. TFO Wealth Partners LLC raised its holdings in BOX by 62,000.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,863 shares of the software maker’s stock worth $48,000 after buying an additional 1,860 shares during the period. Blue Trust Inc. raised its holdings in BOX by 17.0% during the 4th quarter. Blue Trust Inc. now owns 6,165 shares of the software maker’s stock worth $149,000 after buying an additional 897 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in BOX by 14.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 6,207 shares of the software maker’s stock worth $154,000 after buying an additional 782 shares during the period. 86.74% of the stock is currently owned by institutional investors and hedge funds.

BOX Stock Up 1.0 %

Shares of BOX traded up $0.28 during midday trading on Tuesday, reaching $26.73. 1,534,284 shares of the stock were exchanged, compared to its average volume of 2,071,027. The company has a market cap of $3.86 billion, a P/E ratio of 36.61, a PEG ratio of 7.67 and a beta of 0.83. The stock’s 50 day simple moving average is $26.74 and its 200 day simple moving average is $26.59. Box, Inc. has a twelve month low of $23.29 and a twelve month high of $31.94.

Insider Activity at BOX

In other BOX news, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $26.08, for a total value of $339,040.00. Following the transaction, the chief financial officer now owns 1,565,912 shares in the company, valued at $40,838,984.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Dana L. Evan sold 11,000 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $28.47, for a total value of $313,170.00. Following the sale, the director now directly owns 116,535 shares in the company, valued at $3,317,751.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $26.08, for a total value of $339,040.00. Following the completion of the transaction, the chief financial officer now directly owns 1,565,912 shares in the company, valued at $40,838,984.96. The disclosure for this sale can be found here. Insiders sold a total of 110,660 shares of company stock valued at $3,099,054 over the last quarter. 4.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

BOX has been the subject of several research reports. UBS Group decreased their price target on shares of BOX from $34.00 to $31.00 and set a “buy” rating for the company in a research note on Wednesday, May 29th. JPMorgan Chase & Co. raised their target price on shares of BOX from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Royal Bank of Canada reissued an “underperform” rating and issued a $21.00 target price on shares of BOX in a research note on Wednesday, May 29th. Morgan Stanley decreased their target price on shares of BOX from $32.00 to $30.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 29th. Finally, TheStreet raised shares of BOX from a “c” rating to a “b” rating in a research report on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $30.33.

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.