Oregon Public Employees Retirement Fund Sells 545 Shares of Box, Inc. (NYSE:BOX)

Oregon Public Employees Retirement Fund lowered its position in shares of Box, Inc. (NYSE:BOX) by 1.6% during the fourth quarter, HoldingsChannel reports. The fund owned 33,668 shares of the software maker’s stock after selling 545 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in BOX were worth $1,064,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of BOX. Itau Unibanco Holding S.A. bought a new stake in BOX during the 3rd quarter worth $36,000. Farther Finance Advisors LLC grew its position in BOX by 245.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker’s stock worth $71,000 after acquiring an additional 1,536 shares during the last quarter. KBC Group NV grew its position in BOX by 35.7% during the 4th quarter. KBC Group NV now owns 5,403 shares of the software maker’s stock worth $171,000 after acquiring an additional 1,420 shares during the last quarter. Central Pacific Bank Trust Division grew its position in BOX by 9.6% during the 4th quarter. Central Pacific Bank Trust Division now owns 6,070 shares of the software maker’s stock worth $192,000 after acquiring an additional 530 shares during the last quarter. Finally, Bleakley Financial Group LLC bought a new stake in BOX during the 4th quarter worth $200,000. Institutional investors own 86.74% of the company’s stock.

BOX Stock Performance

Shares of NYSE BOX opened at $32.69 on Friday. The stock has a market cap of $4.70 billion, a PE ratio of 40.87, a price-to-earnings-growth ratio of 4.42 and a beta of 0.88. Box, Inc. has a fifty-two week low of $24.63 and a fifty-two week high of $35.74. The stock has a fifty day moving average of $32.76 and a 200-day moving average of $32.52.

Insider Buying and Selling

In other BOX news, COO Olivia Nottebohm sold 6,079 shares of BOX stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $34.42, for a total transaction of $209,239.18. Following the completion of the sale, the chief operating officer now owns 440,988 shares of the company’s stock, valued at $15,178,806.96. The trade was a 1.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $31.05, for a total value of $403,650.00. Following the sale, the chief financial officer now directly owns 1,466,684 shares of the company’s stock, valued at approximately $45,540,538.20. This trade represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 89,041 shares of company stock worth $2,889,758 over the last ninety days. 4.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

BOX has been the topic of a number of analyst reports. William Blair reiterated an “outperform” rating on shares of BOX in a research report on Thursday, November 14th. Royal Bank of Canada reiterated an “underperform” rating and issued a $21.00 price target on shares of BOX in a research report on Wednesday, December 4th. UBS Group upped their price target on BOX from $34.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. StockNews.com lowered BOX from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 8th. Finally, Citigroup upped their price target on BOX from $34.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.