Box, Inc. $BOX Stock Position Increased by State of Wyoming

State of Wyoming raised its position in shares of Box, Inc. (NYSE:BOX) by 526.8% in the first quarter, HoldingsChannel reports. The firm owned 25,644 shares of the software maker’s stock after acquiring an additional 21,553 shares during the period. State of Wyoming’s holdings in BOX were worth $606,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership raised its holdings in shares of BOX by 15.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,511,258 shares of the software maker’s stock valued at $134,932,000 after buying an additional 604,946 shares during the last quarter. RGM Capital LLC boosted its position in shares of BOX by 8.2% during the fourth quarter. RGM Capital LLC now owns 3,330,168 shares of the software maker’s stock worth $99,605,000 after buying an additional 251,520 shares during the period. Sei Investments Co. grew its holdings in BOX by 2.9% in the 3rd quarter. Sei Investments Co. now owns 3,316,783 shares of the software maker’s stock worth $107,033,000 after buying an additional 94,289 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in BOX by 823,134.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,054,200 shares of the software maker’s stock worth $91,351,000 after buying an additional 3,053,829 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in BOX by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,674,883 shares of the software maker’s stock valued at $63,232,000 after acquiring an additional 13,983 shares during the period. Institutional investors own 86.74% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. DA Davidson reaffirmed a “buy” rating and set a $45.00 target price on shares of BOX in a research note on Wednesday, May 27th. Citigroup raised their price target on BOX from $36.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. UBS Group lifted their price objective on shares of BOX from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Wall Street Zen downgraded shares of BOX from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Weiss Ratings raised shares of BOX from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 9th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, BOX has an average rating of “Hold” and an average target price of $35.33.

BOX Price Performance

Shares of NYSE:BOX opened at $29.02 on Friday. The stock has a market cap of $4.02 billion, a price-to-earnings ratio of 44.65, a PEG ratio of 9.98 and a beta of 0.74. Box, Inc. has a 12 month low of $21.34 and a 12 month high of $33.88. The stock’s 50 day moving average price is $27.09 and its 200 day moving average price is $25.54.

BOX (NYSE:BOX) last issued its quarterly earnings results on Tuesday, May 26th. The software maker reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. BOX had a negative return on equity of 24.19% and a net margin of 10.35%.The firm had revenue of $305.94 million during the quarter, compared to analyst estimates of $304.39 million. During the same period last year, the company posted $0.30 EPS. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. BOX has set its Q2 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.560-1.560 EPS. On average, sell-side analysts expect that Box, Inc. will post 0.31 EPS for the current year.

Insider Transactions at BOX

In related news, CEO Aaron Levie sold 15,000 shares of BOX stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $24.32, for a total transaction of $364,800.00. Following the transaction, the chief executive officer directly owned 2,874,673 shares of the company’s stock, valued at $69,912,047.36. The trade was a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Eli Berkovitch sold 1,800 shares of the business’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $28.95, for a total transaction of $52,110.00. Following the completion of the sale, the vice president owned 109,254 shares in the company, valued at approximately $3,162,903.30. This trade represents a 1.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 108,460 shares of company stock worth $2,806,201. Corporate insiders own 3.99% of the company’s stock.

About BOX

Box, Inc is a leading provider of cloud content management and file sharing solutions designed to support enterprises in securely managing, accessing and collaborating on digital content from anywhere. The company offers a unified platform that enables organizations to store, share and automate workflows across various departments, enhancing productivity and ensuring governance over sensitive information. Box’s services are tailored to meet the needs of industries such as healthcare, financial services, government and media, where compliance and data security are paramount.

The core offerings of Box include its Content Cloud platform, which provides content collaboration, workflow automation, data classification and secure file sharing.