Illinois Municipal Retirement Fund Buys 10,235 Shares of Box, Inc. (NYSE:BOX)

Illinois Municipal Retirement Fund grew its stake in Box, Inc. (NYSE:BOX - Free Report) by 13.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 83,929 shares of the software maker's stock after buying an additional 10,235 shares during the period. Illinois Municipal Retirement Fund owned approximately 0.06% of BOX worth $2,652,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Creative Planning lifted its holdings in BOX by 4.2% in the 3rd quarter. Creative Planning now owns 15,743 shares of the software maker's stock worth $515,000 after purchasing an additional 631 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of BOX in the third quarter worth $211,000. Congress Asset Management Co. bought a new stake in BOX during the third quarter valued at about $46,236,000. Rosenberg Matthew Hamilton boosted its stake in BOX by 16.7% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 8,119 shares of the software maker's stock valued at $266,000 after purchasing an additional 1,159 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in BOX by 245.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker's stock valued at $71,000 after buying an additional 1,536 shares during the last quarter. Institutional investors own 86.74% of the company's stock.

BOX Price Performance

Shares of BOX stock traded up $0.05 on Monday, reaching $32.75. 1,732,208 shares of the stock were exchanged, compared to its average volume of 1,437,117. Box, Inc. has a one year low of $24.63 and a one year high of $35.74. The stock has a market cap of $4.71 billion, a PE ratio of 40.94, a P/E/G ratio of 4.42 and a beta of 0.88. The stock has a 50 day moving average price of $32.76 and a 200 day moving average price of $32.55.

Remove Ads

Insider Buying and Selling at BOX

In related news, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $34.32, for a total transaction of $446,160.00. Following the transaction, the chief financial officer now owns 1,453,684 shares of the company's stock, valued at $49,890,434.88. This trade represents a 0.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Olivia Nottebohm sold 6,079 shares of the business's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $34.42, for a total transaction of $209,239.18. Following the transaction, the chief operating officer now owns 440,988 shares of the company's stock, valued at approximately $15,178,806.96. This represents a 1.36 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 89,041 shares of company stock worth $2,889,758. Company insiders own 4.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. DA Davidson started coverage on shares of BOX in a research note on Wednesday, December 18th. They set a "buy" rating and a $45.00 target price for the company. Morgan Stanley lifted their price objective on BOX from $33.00 to $36.00 and gave the stock an "equal weight" rating in a report on Wednesday, December 4th. William Blair restated an "outperform" rating on shares of BOX in a research report on Thursday, November 14th. StockNews.com cut BOX from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, January 8th. Finally, Citigroup raised their price objective on shares of BOX from $34.00 to $40.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. One equities 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. According to MarketBeat.com, the stock presently has an average 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.