State of Alaska Department of Revenue Sells 1,624 Shares of Box, Inc. (NYSE:BOX)

State of Alaska Department of Revenue cut its holdings in Box, Inc. (NYSE:BOX) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,400 shares of the software maker’s stock after selling 1,624 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.06% of BOX worth $2,572,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Itau Unibanco Holding S.A. bought a new stake in shares of BOX in the third quarter worth about $36,000. GAMMA Investing LLC grew its stake in shares of BOX by 143.1% in the third quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock worth $44,000 after purchasing an additional 787 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of BOX by 245.4% in the third quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker’s stock worth $71,000 after purchasing an additional 1,536 shares during the last quarter. KBC Group NV grew its stake in shares of BOX by 35.7% in the fourth quarter. KBC Group NV now owns 5,403 shares of the software maker’s stock worth $171,000 after purchasing an additional 1,420 shares during the last quarter. Finally, Central Pacific Bank Trust Division grew its stake in shares of BOX by 9.6% in the fourth quarter. Central Pacific Bank Trust Division now owns 6,070 shares of the software maker’s stock worth $192,000 after purchasing an additional 530 shares during the last quarter. 86.74% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BOX has been the topic of several recent analyst reports. DA Davidson assumed coverage on BOX in a research note on Wednesday, December 18th. They issued a “buy” rating and a $45.00 target price on the stock. Bank of America assumed coverage on BOX in a research report on Thursday, December 12th. They set a “buy” rating and a $40.00 price objective on the stock. William Blair reaffirmed 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, UBS Group lifted 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. 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $35.89.

BOX Stock Performance

BOX stock opened at $34.67 on Tuesday. The firm has a 50 day moving average price of $32.27 and a 200-day moving average price of $31.88. Box, Inc. has a 52-week low of $24.56 and a 52-week high of $35.74. The firm has a market capitalization of $4.98 billion, a price-to-earnings ratio of 43.33, a PEG ratio of 4.40 and a beta of 0.88.

Insider Buying and Selling

In related news, VP Eli Berkovitch sold 4,792 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $32.46, for a total value of $155,548.32. Following the transaction, the vice president now directly owns 140,172 shares of the company’s stock, valued at approximately $4,549,983.12. This represents a 3.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Aaron Levie sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $32.54, for a total value of $325,400.00. Following the completion of the transaction, the chief executive officer now directly owns 2,999,155 shares in the company, valued at $97,592,503.70. This trade represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 69,962 shares of company stock worth $2,234,359 in the last three months. Insiders own 4.10% of the company’s stock.

BOX Company Profile

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.