Amundi Lowers Holdings in Box, Inc. $BOX

Key Points

• Amundi has reduced its stake in Box, Inc. by 7.7%, selling 13,190 shares, and now holds approximately 0.11% of the company, valued at $4,893,000.
• Institutional investors currently own 86.74% of Box's stock, with significant increases in holdings from firms like Royal Bank of Canada and Caption Management LLC.
• Box reported $0.33 EPS for the last quarter, exceeding estimates, and showed an 8.9% year-over-year revenue growth with guidance for FY 2026 set between 1.260-1.280 EPS.

Amundi decreased its holdings in shares of Box, Inc. (NYSE:BOX - Free Report) by 7.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 157,429 shares of the software maker's stock after selling 13,190 shares during the period. Amundi owned approximately 0.11% of BOX worth $4,893,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of BOX. TCTC Holdings LLC boosted its stake in shares of BOX by 115.4% in the first quarter. TCTC Holdings LLC now owns 825 shares of the software maker's stock valued at $25,000 after buying an additional 442 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in BOX by 332.5% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 865 shares of the software maker's stock valued at $27,000 after acquiring an additional 665 shares during the period. MorganRosel Wealth Management LLC purchased a new stake in shares of BOX during the 1st quarter worth $31,000. Versant Capital Management Inc increased its holdings in shares of BOX by 519.4% in the 1st quarter. Versant Capital Management Inc now owns 1,951 shares of the software maker's stock valued at $60,000 after purchasing an additional 1,636 shares in the last quarter. Finally, Covestor Ltd lifted its stake in shares of BOX by 29.9% in the first quarter. Covestor Ltd now owns 2,142 shares of the software maker's stock valued at $66,000 after purchasing an additional 493 shares during the period. 86.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on BOX shares. Morgan Stanley restated a "positive" rating on shares of BOX in a research report on Wednesday, May 28th. Royal Bank Of Canada boosted their price target on BOX from $24.00 to $26.00 and gave the stock an "underperform" rating in a research note on Wednesday, August 27th. UBS Group raised their price objective on BOX from $40.00 to $42.00 and gave the company a "buy" rating in a research note on Wednesday, August 27th. Raymond James Financial reaffirmed an "outperform" rating and set a $42.00 price objective on shares of BOX in a report on Wednesday, August 27th. Finally, JPMorgan Chase & Co. boosted their target price on BOX from $37.00 to $39.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 28th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $39.00.

BOX Price Performance

BOX stock traded up $0.01 during mid-day trading on Tuesday, hitting $32.52. 1,313,318 shares of the company were exchanged, compared to its average volume of 2,244,001. Box, Inc. has a 12-month low of $28.00 and a 12-month high of $38.80. The company has a market capitalization of $4.71 billion, a P/E ratio of 26.23 and a beta of 0.95. The business's 50 day simple moving average is $32.29 and its two-hundred day simple moving average is $32.36.

BOX (NYSE:BOX - Get Free Report) last issued its quarterly earnings data on Tuesday, August 26th. The software maker reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.02. The business had revenue of $294.00 million for the quarter, compared to the consensus estimate of $290.19 million. BOX had a negative return on equity of 21.77% and a net margin of 20.30%.The business's revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.44 earnings per share. BOX has set its FY 2026 guidance at 1.260-1.28 EPS. Q3 2026 guidance at 0.310-0.32 EPS. Equities research analysts predict that Box, Inc. will post 0.27 earnings per share for the current year.

Insider Buying and Selling at BOX

In other news, VP Eli Berkovitch sold 3,000 shares of the business's stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $33.34, for a total value of $100,020.00. Following the completion of the transaction, the vice president owned 133,867 shares of the company's stock, valued at $4,463,125.78. The trade was a 2.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Dylan C. Smith sold 51,000 shares of the company's stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $32.83, for a total transaction of $1,674,330.00. Following the transaction, the chief financial officer directly owned 1,480,732 shares in the company, valued at $48,612,431.56. The trade was a 3.33% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 102,752 shares of company stock valued at $3,395,069. Corporate insiders own 3.90% of the company's stock.

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.