Box, Inc. $BOX Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. raised its holdings in Box, Inc. (NYSE:BOX) by 10.2% during the first quarter, Holdings Channel.com reports. The firm owned 1,010,921 shares of the software maker’s stock after purchasing an additional 93,516 shares during the quarter. Principal Financial Group Inc.’s holdings in BOX were worth $23,898,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Woodline Partners LP lifted its holdings in shares of BOX by 16.4% in the 1st quarter. Woodline Partners LP now owns 17,800 shares of the software maker’s stock valued at $549,000 after buying an additional 2,506 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in BOX by 7.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 477,822 shares of the software maker’s stock worth $14,746,000 after acquiring an additional 32,726 shares during the period. Geneos Wealth Management Inc. purchased a new position in BOX in the first quarter worth $31,000. Sivia Capital Partners LLC purchased a new position in BOX in the second quarter worth $484,000. Finally, Invesco Ltd. raised its position in BOX by 101.1% in the second quarter. Invesco Ltd. now owns 1,141,603 shares of the software maker’s stock worth $39,009,000 after acquiring an additional 573,817 shares in the last quarter. Institutional investors and hedge funds own 86.74% of the company’s stock.

Insider Buying and Selling

In other BOX news, VP Eli Berkovitch sold 1,800 shares of the company’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $28.95, for a total value of $52,110.00. Following the transaction, the vice president directly owned 109,254 shares in the company, valued at approximately $3,162,903.30. This represents a 1.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Olivia Nottebohm sold 6,528 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $26.17, for a total transaction of $170,837.76. Following the sale, the chief operating officer directly owned 552,211 shares in the company, valued at $14,451,361.87. This represents a 1.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 108,460 shares of company stock worth $2,806,201 in the last ninety days. 3.99% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have commented on BOX. Citigroup boosted their target price on shares of BOX from $36.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. UBS Group increased their price target on shares of BOX from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. Wall Street Zen cut shares of BOX from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. William Blair reissued a “market perform” rating on shares of BOX in a report on Monday, March 23rd. Finally, DA Davidson reissued a “buy” rating and set a $45.00 price objective on shares of BOX in a report on Wednesday, May 27th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, BOX has an average rating of “Hold” and a consensus target price of $35.33.

BOX Stock Performance

BOX stock opened at $30.84 on Tuesday. Box, Inc. has a 1 year low of $21.34 and a 1 year high of $33.88. The stock’s 50 day moving average price is $26.70 and its 200 day moving average price is $25.53. The firm has a market cap of $4.27 billion, a P/E ratio of 47.45, a PEG ratio of 1.72 and a beta of 0.74.

BOX (NYSE:BOX) last released its quarterly earnings results on Tuesday, May 26th. The software maker reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.01. BOX had a negative return on equity of 24.19% and a net margin of 10.35%.The company had revenue of $305.94 million during the quarter, compared to the consensus estimate of $304.39 million. During the same quarter last year, the business posted $0.30 earnings per share. BOX’s revenue was up 10.7% compared to the same quarter last year. 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, research analysts predict that Box, Inc. will post 0.31 earnings per share for the current year.

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.