Illinois Municipal Retirement Fund Has $2.65 Million Stock Position in Box, Inc. (NYSE:BOX)

Illinois Municipal Retirement Fund increased its holdings in Box, Inc. (NYSE:BOX) by 13.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,929 shares of the software maker’s stock after acquiring an additional 10,235 shares during the period. Illinois Municipal Retirement Fund’s holdings in BOX were worth $2,652,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in BOX. Itau Unibanco Holding S.A. purchased a new stake in shares of BOX in the third quarter worth approximately $36,000. Farther Finance Advisors LLC boosted 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 buying an additional 1,536 shares during the last quarter. KBC Group NV grew its holdings in BOX by 35.7% during the fourth quarter. KBC Group NV now owns 5,403 shares of the software maker’s stock worth $171,000 after buying an additional 1,420 shares in the last quarter. Central Pacific Bank Trust Division raised its position in BOX by 9.6% in the 4th quarter. Central Pacific Bank Trust Division now owns 6,070 shares of the software maker’s stock valued at $192,000 after buying an additional 530 shares during the last quarter. Finally, Bleakley Financial Group LLC bought a new position in BOX during the 4th quarter valued at $200,000. Institutional investors own 86.74% of the company’s stock.

BOX Trading Down 0.5 %

Shares of NYSE BOX opened at $32.38 on Friday. The stock has a fifty day simple moving average of $32.75 and a two-hundred day simple moving average of $32.45. Box, Inc. has a 1-year low of $24.63 and a 1-year high of $35.74. The firm has a market cap of $4.65 billion, a price-to-earnings ratio of 40.47, a price-to-earnings-growth ratio of 4.42 and a beta of 0.88.

Insider Activity

In other news, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $34.32, for a total value of $446,160.00. Following the completion of the transaction, the chief financial officer now owns 1,453,684 shares in the company, valued at $49,890,434.88. This trade represents a 0.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction of $325,400.00. Following the sale, the chief executive officer now owns 2,999,155 shares in the company, valued at $97,592,503.70. The trade was a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 89,041 shares of company stock valued at $2,889,758 in the last 90 days. Insiders own 4.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BOX. Citigroup upped their target price on shares of BOX from $34.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. DA Davidson started coverage on shares of BOX in a research report on Wednesday, December 18th. They issued a “buy” rating and a $45.00 price objective for the company. StockNews.com cut shares of BOX from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 8th. UBS Group upped their target price on BOX from $34.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Finally, Bank of America initiated coverage on BOX in a report on Thursday, December 12th. They set a “buy” rating and a $40.00 price target on the stock. 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $35.89.

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.