Principal Financial Group Inc. Has $24.62 Million Stock Position in Box, Inc. (NYSE:BOX)

Principal Financial Group Inc. increased its holdings in shares of Box, Inc. (NYSE:BOX) by 2.5% in the 4th quarter, HoldingsChannel reports. The firm owned 779,050 shares of the software maker’s stock after acquiring an additional 18,912 shares during the period. Principal Financial Group Inc.’s holdings in BOX were worth $24,618,000 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. acquired a new stake in BOX during the third quarter worth approximately $36,000. Farther Finance Advisors LLC boosted its holdings in 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 acquiring an additional 1,536 shares in the last quarter. KBC Group NV boosted its holdings in 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 acquiring an additional 1,420 shares in the last quarter. Central Pacific Bank Trust Division boosted its holdings in 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 acquiring an additional 530 shares in the last quarter. Finally, Bleakley Financial Group LLC bought a new position in BOX in the fourth quarter worth approximately $200,000. Institutional investors and hedge funds own 86.74% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Royal Bank of Canada restated an “underperform” rating and issued a $21.00 target price on shares of BOX in a report on Wednesday, December 4th. William Blair restated an “outperform” rating on shares of BOX in a report on Thursday, November 14th. Bank of America assumed coverage on BOX in a report on Thursday, December 12th. They issued a “buy” rating and a $40.00 target price on the stock. DA Davidson assumed coverage on BOX in a report on Wednesday, December 18th. They issued a “buy” rating and a $45.00 target price on the stock. Finally, Citigroup raised their target price on BOX from $34.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, BOX currently has an average rating of “Moderate Buy” and a consensus target price of $35.89.

Insider Activity at BOX

In other BOX news, CEO Aaron Levie sold 10,000 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $32.54, for a total value of $325,400.00. Following the completion of the sale, the chief executive officer now directly owns 2,999,155 shares of the company’s stock, valued at $97,592,503.70. This trade represents a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $34.32, for a total value of $446,160.00. Following the completion of the sale, the chief financial officer now directly owns 1,453,684 shares of the company’s stock, valued at $49,890,434.88. This represents a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 89,041 shares of company stock valued at $2,889,758. 4.10% of the stock is owned by insiders.

BOX Trading Down 3.5 %

Shares of BOX opened at $33.48 on Monday. The company has a market capitalization of $4.81 billion, a price-to-earnings ratio of 41.85, a PEG ratio of 4.42 and a beta of 0.88. The stock has a 50 day moving average of $32.68 and a 200 day moving average of $32.36. Box, Inc. has a 12 month low of $24.63 and a 12 month high of $35.74.

BOX 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.