Algert Global LLC Sells 14,720 Shares of Box, Inc. $BOX

Key Points

• Algert Global LLC reduced its holdings in Box, Inc. by 30.2%, ending up with 34,006 shares worth approximately $1,049,000.
• Multiple institutional investors, including Resona Asset Management and Public Sector Pension Investment Board, have also modified their stakes in BOX, with Public Sector increasing theirs by 45.5%.
• Analysts have set a consensus rating of "Moderate Buy" for BOX with an average price target of $38.50, reflecting a positive outlook despite differing ratings from various brokerages.

Algert Global LLC lowered its holdings in Box, Inc. (NYSE:BOX - Free Report) by 30.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 34,006 shares of the software maker's stock after selling 14,720 shares during the quarter. Algert Global LLC's holdings in BOX were worth $1,049,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in BOX. Marshall Wace LLP lifted its stake in shares of BOX by 153.5% in the 4th quarter. Marshall Wace LLP now owns 157,375 shares of the software maker's stock valued at $4,973,000 after purchasing an additional 95,302 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of BOX by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,610,450 shares of the software maker's stock valued at $82,492,000 after purchasing an additional 11,376 shares during the period. MetLife Investment Management LLC lifted its stake in shares of BOX by 4.6% in the 4th quarter. MetLife Investment Management LLC now owns 84,995 shares of the software maker's stock valued at $2,686,000 after purchasing an additional 3,759 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of BOX by 25.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,315 shares of the software maker's stock valued at $200,000 after purchasing an additional 1,271 shares during the period. Finally, TD Waterhouse Canada Inc. lifted its stake in shares of BOX by 42.4% in the 4th quarter. TD Waterhouse Canada Inc. now owns 2,194 shares of the software maker's stock valued at $69,000 after purchasing an additional 653 shares during the period. Hedge funds and other institutional investors own 86.74% of the company's stock.

Insider Transactions at BOX

In other news, Director Daniel J. Levin sold 37,499 shares of the business's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $36.74, for a total value of $1,377,713.26. Following the completion of the transaction, the director owned 51,530 shares in the company, valued at $1,893,212.20. The trade was a 42.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dana L. Evan sold 7,590 shares of the business's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $33.51, for a total value of $254,340.90. Following the completion of the transaction, the director owned 115,725 shares of the company's stock, valued at $3,877,944.75. This represents a 6.15% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 94,504 shares of company stock valued at $3,363,371. Insiders own 3.90% of the company's stock.

BOX Trading Up 3.1%

NYSE:BOX traded up $0.97 during trading hours on Wednesday, reaching $32.13. 3,943,625 shares of the company traded hands, compared to its average volume of 1,923,038. The business's 50-day moving average price is $32.67 and its two-hundred day moving average price is $32.52. The stock has a market capitalization of $4.62 billion, a P/E ratio of 24.89 and a beta of 0.96. Box, Inc. has a 1 year low of $28.00 and a 1 year high of $38.80.

BOX (NYSE:BOX - Get Free Report) last announced its quarterly earnings data on Tuesday, August 26th. The software maker reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.02. BOX had a negative return on equity of 20.17% and a net margin of 21.38%.The business had revenue of $294.00 million during the quarter, compared to analysts' expectations of $290.19 million. During the same quarter in the previous year, the business earned $0.44 earnings per share. The firm's quarterly revenue was up 8.9% compared to the same quarter last year. BOX has set its FY 2026 guidance at 1.260-1.28 EPS. Q3 2026 guidance at 0.310-0.32 EPS. As a group, equities analysts anticipate that Box, Inc. will post 0.27 EPS for the current year.

Analysts Set New Price Targets

BOX has been the subject of a number of research analyst reports. DA Davidson set a $45.00 target price on BOX and gave the company a "buy" rating in a research note on Wednesday, May 28th. Raymond James Financial restated an "outperform" rating and issued a $42.00 target price on shares of BOX in a research note on Wednesday. Wall Street Zen cut BOX from a "buy" rating to a "hold" rating in a research note on Sunday, June 29th. Citigroup restated a "buy" rating and issued a $40.00 target price (up previously from $39.00) on shares of BOX in a research note on Wednesday. Finally, Royal Bank Of Canada lifted their price objective on BOX from $24.00 to $26.00 and gave the company an "underperform" rating in a research note on Wednesday. Eight research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $39.00.

BOX Company 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.