State of Alaska Department of Revenue Trims Stake in Box, Inc. (NYSE:BOX)

State of Alaska Department of Revenue lessened its holdings in Box, Inc. (NYSE:BOX) by 2.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 81,400 shares of the software maker’s stock after selling 1,624 shares during the period. State of Alaska Department of Revenue’s holdings in BOX were worth $2,572,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of BOX. Itau Unibanco Holding S.A. purchased a new stake in BOX in the 3rd quarter worth $36,000. GAMMA Investing LLC increased its stake in BOX by 143.1% in the 3rd quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock worth $44,000 after buying an additional 787 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of BOX by 245.4% during the third 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. KBC Group NV grew its position in shares of BOX by 35.7% during the fourth quarter. KBC Group NV now owns 5,403 shares of the software maker’s stock valued at $171,000 after purchasing an additional 1,420 shares in the last quarter. Finally, Central Pacific Bank Trust Division grew its position in shares of BOX by 9.6% during the fourth quarter. Central Pacific Bank Trust Division now owns 6,070 shares of the software maker’s stock valued at $192,000 after purchasing an additional 530 shares in the last quarter. Hedge funds and other institutional investors own 86.74% of the company’s stock.

BOX Stock Performance

Shares of NYSE:BOX opened at $34.67 on Tuesday. The firm has a market cap of $4.98 billion, a PE ratio of 43.33, a price-to-earnings-growth ratio of 4.40 and a beta of 0.88. The firm’s 50 day simple moving average is $32.27 and its 200-day simple moving average is $31.88. Box, Inc. has a one year low of $24.56 and a one year high of $35.74.

Insider Transactions at BOX

In related news, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $31.05, for a total transaction of $403,650.00. Following the transaction, the chief financial officer now directly owns 1,466,684 shares of the company’s stock, valued at $45,540,538.20. This trade represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Olivia Nottebohm sold 6,079 shares of BOX stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $31.91, for a total transaction of $193,980.89. Following the transaction, the chief operating officer now directly owns 447,067 shares in the company, valued at approximately $14,265,907.97. The trade was a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 69,962 shares of company stock valued at $2,234,359. 4.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on BOX shares. UBS Group raised their price objective on BOX from $34.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $21.00 price target on shares of BOX in a report on Wednesday, December 4th. StockNews.com downgraded shares of BOX from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 8th. Citigroup increased their price target on shares of BOX from $34.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Finally, Morgan Stanley increased their price target on shares of BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, BOX currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.89.

About BOX

Box, Inc engages in the provision of an 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, and Box KeySafe.