Emmett Investment Management LP Acquires 16,150 Shares of Box, Inc. $BOX

Key Points

• Emmett Investment Management LP has increased its stake in Box, Inc. by 11.2%, making it the firm's 10th largest position, owning approximately $5 million worth of shares.
• Several other institutional investors have also significantly increased their holdings in Box, with Caisse DE Depot ET Placement DU Quebec raising its position by 219.4% and Janus Henderson Group PLC increasing theirs by 126.0% in the last quarter.
• Wall Street analysts have varied opinions on BOX, with JPMorgan raising its price target to $39 while Royal Bank of Canada downgraded it to $24, resulting in a consensus average target price of $38.50.

Emmett Investment Management LP grew its holdings in Box, Inc. (NYSE:BOX - Free Report) by 11.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 159,750 shares of the software maker's stock after purchasing an additional 16,150 shares during the quarter. BOX makes up approximately 4.5% of Emmett Investment Management LP's portfolio, making the stock its 10th largest holding. Emmett Investment Management LP owned 0.11% of BOX worth $5,003,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. TCTC Holdings LLC grew its position 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 purchasing an additional 442 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of 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 purchasing an additional 665 shares during the last quarter. MorganRosel Wealth Management LLC acquired a new stake in shares of BOX in the first quarter valued at approximately $31,000. Versant Capital Management Inc grew its position in shares of BOX by 519.4% in the first 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 during the last quarter. Finally, Covestor Ltd boosted its position in BOX by 29.9% during the first quarter. Covestor Ltd now owns 2,142 shares of the software maker's stock worth $66,000 after acquiring an additional 493 shares during the last quarter. 86.74% of the stock is currently owned by institutional investors and hedge funds.

BOX Trading Up 2.0%

Shares of BOX traded up $0.6170 during mid-day trading on Friday, reaching $31.7970. The company had a trading volume of 1,576,592 shares, compared to its average volume of 1,581,145. The stock has a market cap of $4.57 billion, a price-to-earnings ratio of 24.65 and a beta of 0.96. The firm has a fifty day simple moving average of $32.85 and a 200-day simple moving average of $32.58. Box, Inc. has a fifty-two week low of $28.00 and a fifty-two week high of $38.80.

BOX (NYSE:BOX - Get Free Report) last announced its quarterly earnings results on Tuesday, May 27th. The software maker reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.05. The company had revenue of $276.27 million for the quarter, compared to analyst estimates of $274.77 million. BOX had a net margin of 21.38% and a negative return on equity of 20.17%. BOX's revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the business earned $0.39 EPS. BOX has set its FY 2026 guidance at 1.220-1.260 EPS. Q2 2026 guidance at 0.300-0.310 EPS. As a group, equities analysts predict that Box, Inc. will post 0.27 EPS for the current fiscal year.

Analysts Set New Price Targets

BOX has been the topic of a number of analyst reports. Morgan Stanley restated a "positive" rating on shares of BOX in a research report on Wednesday, May 28th. Royal Bank Of Canada raised their target price on shares of BOX from $21.00 to $24.00 and gave the stock an "underperform" rating in a research report on Wednesday, May 28th. Wall Street Zen lowered shares of BOX from a "buy" rating to a "hold" rating in a research report on Sunday, June 29th. JPMorgan Chase & Co. raised their target price on shares of BOX from $37.00 to $39.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 28th. Finally, UBS Group upgraded shares of BOX from a "buy" rating to a "strong-buy" rating and raised their target price for the stock from $37.00 to $40.00 in a research report on Wednesday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, BOX presently has an average rating of "Moderate Buy" and an average price target of $38.50.

Insider Buying and Selling at BOX

In related news, Director Dana L. Evan sold 7,590 shares of BOX stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $33.51, for a total transaction of $254,340.90. Following the transaction, the director owned 115,725 shares in the company, valued at approximately $3,877,944.75. The trade was a 6.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Aaron Levie sold 15,000 shares of BOX stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $33.35, for a total transaction of $500,250.00. Following the transaction, the chief executive officer owned 2,952,030 shares in the company, valued at $98,450,200.50. The trade was a 0.51% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 94,504 shares of company stock worth $3,363,371. 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.