Peloton Wealth Strategists lessened its position in shares of Box, Inc. (NYSE:BOX – Get Rating) by 4.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 211,370 shares of the software maker’s stock after selling 9,690 shares during the period. BOX makes up about 2.2% of Peloton Wealth Strategists’ investment portfolio, making the stock its 15th largest position. Peloton Wealth Strategists’ holdings in BOX were worth $5,536,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its holdings in BOX by 378.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 73,437 shares of the software maker’s stock worth $1,923,000 after purchasing an additional 58,089 shares in the last quarter. AlphaCrest Capital Management LLC increased its holdings in BOX by 25.5% during the 3rd quarter. AlphaCrest Capital Management LLC now owns 124,235 shares of the software maker’s stock worth $2,941,000 after purchasing an additional 25,271 shares in the last quarter. California State Teachers Retirement System grew its holdings in shares of BOX by 3.6% in the 3rd quarter. California State Teachers Retirement System now owns 210,163 shares of the software maker’s stock valued at $4,975,000 after acquiring an additional 7,222 shares in the last quarter. Citigroup Inc. grew its holdings in shares of BOX by 123.2% in the 3rd quarter. Citigroup Inc. now owns 980,026 shares of the software maker’s stock valued at $23,197,000 after acquiring an additional 540,914 shares in the last quarter. Finally, Sunriver Management LLC grew its holdings in shares of BOX by 37.7% in the 3rd quarter. Sunriver Management LLC now owns 1,755,663 shares of the software maker’s stock valued at $41,557,000 after acquiring an additional 480,919 shares in the last quarter. Hedge funds and other institutional investors own 87.42% of the company’s stock.
BOX stock traded up $0.94 during mid-day trading on Friday, hitting $28.67. 2,278,300 shares of the company were exchanged, compared to its average volume of 1,793,506. The business has a 50 day simple moving average of $29.09 and a 200-day simple moving average of $26.96. The stock has a market capitalization of $4.11 billion, a PE ratio of -81.91 and a beta of 1.15. Box, Inc. has a 1-year low of $22.18 and a 1-year high of $33.04.
In other news, VP Eli Berkovitch sold 8,000 shares of BOX stock in a transaction that occurred on Monday, March 28th. The shares were sold at an average price of $28.36, for a total value of $226,880.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Dylan C. Smith sold 15,000 shares of BOX stock in a transaction that occurred on Monday, April 11th. The shares were sold at an average price of $28.62, for a total transaction of $429,300.00. Following the completion of the sale, the chief financial officer now owns 1,477,315 shares of the company’s stock, valued at $42,280,755.30. The disclosure for this sale can be found here. Insiders have sold 38,000 shares of company stock valued at $1,091,930 over the last 90 days. Company insiders own 6.20% of the company’s stock.
BOX has been the subject of several analyst reports. Morgan Stanley raised their price objective on BOX from $30.00 to $32.00 and gave the company an “equal weight” rating in a report on Thursday, March 3rd. Oppenheimer restated an “outperform” rating and issued a $30.00 price objective on shares of BOX in a report on Friday, March 18th. StockNews.com initiated coverage on BOX in a report on Thursday, March 31st. They issued a “strong-buy” rating for the company. JPMorgan Chase & Co. upgraded BOX from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $22.00 to $28.00 in a report on Thursday, March 3rd. Finally, Craig Hallum lifted their price target on BOX from $38.00 to $44.00 in a report on Thursday, March 3rd. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $31.40.
BOX Profile (Get Rating)
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 collaborate on content internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security, and compliance features to comply with legal and regulatory requirements, internal policies, and industry standards and regulations.
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