Box, Inc. $BOX Position Increased by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its Box holdings by 4,928.5% in the third quarter, acquiring 429,764 additional shares and bringing its stake to 438,484 shares, or approximately 0.32% of the company.
• Box reported quarterly revenue of $321.15 million, up 9.2% year over year, while adjusted EPS of $0.40 matched analyst estimates. Shares traded near $40.46, close to the 52-week high of $40.79.
• Analyst sentiment remains mixed: the stock has a consensus “Hold” rating and an average price target of $37.80, despite several firms raising their targets. Company insiders sold 70,135 shares worth about $2.45 million during the last quarter.

Assenagon Asset Management S.A. boosted its holdings in shares of Box, Inc. (NYSE:BOX - Free Report) by 4,928.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 438,484 shares of the software maker's stock after purchasing an additional 429,764 shares during the period. Assenagon Asset Management S.A. owned approximately 0.32% of BOX worth $14,680,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of BOX. Arrowstreet Capital Limited Partnership grew its holdings in shares of BOX by 9.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,918,991 shares of the software maker's stock worth $116,285,000 after buying an additional 407,733 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in BOX by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,674,883 shares of the software maker's stock valued at $63,232,000 after acquiring an additional 13,983 shares during the last quarter. Janus Henderson Group PLC lifted its position in BOX by 74.9% during the 1st quarter. Janus Henderson Group PLC now owns 1,147,381 shares of the software maker's stock worth $27,141,000 after acquiring an additional 491,505 shares during the period. Fort Washington Investment Advisors Inc. OH lifted its position in BOX by 4.4% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 1,029,407 shares of the software maker's stock worth $24,335,000 after acquiring an additional 43,520 shares during the period. Finally, Principal Financial Group Inc. lifted its position in BOX by 10.2% during the 1st quarter. Principal Financial Group Inc. now owns 1,010,921 shares of the software maker's stock worth $23,898,000 after acquiring an additional 93,516 shares during the period. 86.74% of the stock is currently owned by institutional investors and hedge funds.

BOX Trading Up 2.3%

Shares of BOX opened at $40.46 on Tuesday. The stock's 50 day moving average is $34.53 and its two-hundred day moving average is $29.40. Box, Inc. has a twelve month low of $21.34 and a twelve month high of $40.79. The firm has a market capitalization of $5.55 billion, a PE ratio of 58.63, a P/E/G ratio of 10.40 and a beta of 0.72.

BOX (NYSE:BOX - Get Free Report) last issued its earnings results on Tuesday, August 25th. The software maker reported $0.40 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.40. BOX had a negative return on equity of 20.97% and a net margin of 10.59%. The business had revenue of $321.15 million during the quarter, compared to the consensus estimate of $319.33 million. During the same period in the prior year, the business posted $0.33 EPS. The company's revenue for the quarter was up 9.2% on a year-over-year basis. BOX has set its Q3 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.540-1.540 EPS. On average, sell-side analysts predict that Box, Inc. will post 0.32 EPS for the current year.

Insider Buying and Selling

In other news, CFO Dylan Smith sold 17,000 shares of the company's stock in a transaction on Friday, October 9th. The shares were sold at an average price of $36.56, for a total transaction of $621,520.00. Following the transaction, the chief financial officer directly owned 1,293,100 shares of the company's stock, valued at $47,275,736. This represents a 1.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Eli Berkovitch sold 3,850 shares of the company's stock in a transaction on Monday, August 31st. The stock was sold at an average price of $35.99, for a total transaction of $138,561.50. Following the transaction, the vice president directly owned 105,404 shares in the company, valued at approximately $3,793,489.96. This trade represents a 3.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 70,135 shares of company stock valued at $2,447,157 in the last quarter. Corporate insiders own 3.99% of the company's stock.

Analysts Set New Price Targets

BOX has been the topic of several analyst reports. Citigroup lifted their target price on BOX from $37.00 to $40.00 and gave the company a "buy" rating in a research note on Wednesday, August 26th. Bank of America restated a "buy" rating on shares of BOX in a research note on Wednesday, August 26th. Wall Street Zen cut BOX from a "buy" rating to a "hold" rating in a research note on Sunday, October 4th. DA Davidson increased their price target on BOX from $45.00 to $50.00 and gave the stock a "buy" rating in a report on Wednesday, August 26th. Finally, Morgan Stanley lifted their price objective on shares of BOX from $33.00 to $36.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 26th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $37.80.

About BOX

Box, Inc NYSE: BOX provides cloud-based content management and collaboration solutions for businesses and other organizations. Its platform, known as the Box Content Cloud, enables customers to securely store, organize, access and share files from connected devices while supporting collaboration across teams and locations.

The company's offerings include cloud content storage and collaboration tools, workflow automation, document and content management, electronic signatures through Box Sign, and security, compliance and governance capabilities.

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