Peloton Wealth Strategists Sells 5,675 Shares of Box, Inc. (NYSE:BOX)

Peloton Wealth Strategists lessened its position in shares of Box, Inc. (NYSE:BOXFree Report) by 3.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 171,000 shares of the software maker’s stock after selling 5,675 shares during the period. BOX comprises approximately 1.9% of Peloton Wealth Strategists’ portfolio, making the stock its 19th biggest holding. Peloton Wealth Strategists’ holdings in BOX were worth $4,379,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Sei Investments Co. increased its position in BOX by 26.1% during the 4th quarter. Sei Investments Co. now owns 2,532,133 shares of the software maker’s stock worth $64,848,000 after purchasing an additional 523,872 shares in the last quarter. Sunriver Management LLC increased its position in BOX by 10.4% in the 4th quarter. Sunriver Management LLC now owns 1,920,378 shares of the software maker’s stock valued at $49,181,000 after acquiring an additional 181,396 shares during the period. Rafferty Asset Management LLC increased its position in BOX by 2.3% in the 4th quarter. Rafferty Asset Management LLC now owns 70,614 shares of the software maker’s stock valued at $1,808,000 after acquiring an additional 1,567 shares during the period. Capstone Investment Advisors LLC acquired a new position in BOX in the 4th quarter valued at approximately $1,176,000. Finally, TFO Wealth Partners LLC increased its position in BOX by 62,000.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,863 shares of the software maker’s stock valued at $48,000 after acquiring an additional 1,860 shares during the period. Institutional investors own 86.74% of the company’s stock.

Insider Activity

In other BOX news, Director Dana L. Evan sold 11,000 shares of the stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $28.47, for a total transaction of $313,170.00. Following the completion of the sale, the director now owns 116,535 shares of the company’s stock, valued at approximately $3,317,751.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other BOX news, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $27.30, for a total value of $354,900.00. Following the completion of the transaction, the chief financial officer now directly owns 1,578,912 shares in the company, valued at approximately $43,104,297.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dana L. Evan sold 11,000 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $28.47, for a total transaction of $313,170.00. Following the completion of the transaction, the director now owns 116,535 shares of the company’s stock, valued at $3,317,751.45. The disclosure for this sale can be found here. In the last 90 days, insiders sold 123,660 shares of company stock valued at $3,441,994. Corporate insiders own 4.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Citigroup upped their price target on shares of BOX from $29.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. TheStreet upgraded shares of BOX from a “c” rating to a “b” rating in a research report on Tuesday, March 5th. Morgan Stanley decreased their price objective on shares of BOX from $32.00 to $30.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 29th. UBS Group decreased their price objective on shares of BOX from $34.00 to $31.00 and set a “buy” rating for the company in a research report on Wednesday, May 29th. Finally, Royal Bank of Canada reissued an “underperform” rating and set a $21.00 target price on shares of BOX in a research note on Wednesday, May 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $30.33.

Check Out Our Latest Research Report on BOX

BOX Price Performance

BOX stock traded up $0.05 during midday trading on Friday, reaching $25.93. The company had a trading volume of 735,115 shares, compared to its average volume of 2,044,582. Box, Inc. has a 1 year low of $23.29 and a 1 year high of $31.94. The company has a market capitalization of $3.74 billion, a P/E ratio of 35.45, a P/E/G ratio of 7.72 and a beta of 0.83. The firm has a 50-day moving average price of $26.68 and a 200-day moving average price of $26.59.

BOX Company Profile

(Free Report)

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 work with their content as they need from secure external collaboration and sharing, workspaces and portals, e-signature processes, and content workflows improving employee productivity and accelerating business processes.

Featured Articles

Want to see what other hedge funds are holding BOX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Box, Inc. (NYSE:BOXFree Report).

Institutional Ownership by Quarter for BOX (NYSE:BOX)

Receive News & Ratings for BOX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BOX and related companies with MarketBeat.com's FREE daily email newsletter.