Mizuho Markets Americas LLC Takes $20.85 Million Position in Box, Inc. $BOX

Mizuho Markets Americas LLC purchased a new position in shares of Box, Inc. (NYSE:BOX) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 646,148 shares of the software maker’s stock, valued at approximately $20,851,000. Mizuho Markets Americas LLC owned about 0.45% of BOX at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd lifted its stake in shares of BOX by 7,130.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 723 shares of the software maker’s stock worth $25,000 after acquiring an additional 713 shares during the period. Geneos Wealth Management Inc. purchased a new position in BOX during the first quarter worth about $31,000. Salomon & Ludwin LLC acquired a new stake in BOX in the third quarter valued at about $32,000. Ameritas Advisory Services LLC purchased a new stake in BOX in the 2nd quarter valued at approximately $41,000. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of BOX by 692.8% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,316 shares of the software maker’s stock valued at $45,000 after buying an additional 1,150 shares during the period. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. DA Davidson reaffirmed a “buy” rating and set a $45.00 price objective on shares of BOX in a report on Wednesday, December 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of BOX in a research note on Monday, December 29th. Finally, Zacks Research cut shares of BOX from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $38.00.

BOX Stock Performance

BOX opened at $25.86 on Monday. The company has a market cap of $3.70 billion, a price-to-earnings ratio of 20.85, a PEG ratio of 2.05 and a beta of 0.80. Box, Inc. has a one year low of $25.83 and a one year high of $38.80. The business’s fifty day moving average is $30.00 and its two-hundred day moving average is $31.56.

Insiders Place Their Bets

In other BOX news, COO Olivia Nottebohm sold 4,612 shares of the company’s stock in a transaction dated Friday, December 26th. The shares were sold at an average price of $29.84, for a total value of $137,622.08. Following the sale, the chief operating officer owned 474,443 shares of the company’s stock, valued at $14,157,379.12. This represents a 0.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Dylan C. Smith sold 17,000 shares of the stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $29.57, for a total transaction of $502,690.00. Following the completion of the sale, the chief financial officer owned 1,328,195 shares in the company, valued at $39,274,726.15. This represents a 1.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 87,499 shares of company stock worth $2,689,178. 3.90% of the stock is owned by company insiders.

BOX Company Profile

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.