EFG Asset Management North America Corp. Has $3.71 Million Stake in Box, Inc. $BOX

Key Points

• EFG Asset Management North America Corp. increased its stake in Box, Inc. by 15.6%, now holding 120,115 shares valued at approximately $3.7 million.
• Box reported earnings of $0.33 per share for the last quarter, surpassing analyst estimates, with revenue rising to $294 million, up 8.9% year-over-year.
• Recent analyst ratings for Box include price targets ranging from $26 to $42, with a consensus rating of "Moderate Buy" and an average target price of $39.

EFG Asset Management North America Corp. grew its stake in Box, Inc. (NYSE:BOX - Free Report) by 15.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 120,115 shares of the software maker's stock after purchasing an additional 16,224 shares during the quarter. EFG Asset Management North America Corp. owned approximately 0.08% of BOX worth $3,707,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Stifel Financial Corp increased its position in BOX by 31.4% during the fourth quarter. Stifel Financial Corp now owns 53,924 shares of the software maker's stock worth $1,704,000 after acquiring an additional 12,898 shares during the period. Northern Trust Corp increased its position in BOX by 7.4% during the fourth quarter. Northern Trust Corp now owns 1,657,127 shares of the software maker's stock worth $52,365,000 after acquiring an additional 113,822 shares during the period. Lido Advisors LLC increased its position in BOX by 30.6% during the fourth quarter. Lido Advisors LLC now owns 8,360 shares of the software maker's stock worth $264,000 after acquiring an additional 1,960 shares during the period. Comerica Bank increased its position in BOX by 5.5% during the fourth quarter. Comerica Bank now owns 67,245 shares of the software maker's stock worth $2,125,000 after acquiring an additional 3,487 shares during the period. Finally, AXA S.A. increased its position in BOX by 1,332.2% during the fourth quarter. AXA S.A. now owns 144,167 shares of the software maker's stock worth $4,556,000 after acquiring an additional 134,101 shares during the period. 86.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. UBS Group raised their target price on shares of BOX from $40.00 to $42.00 and gave the company a "buy" rating in a report on Wednesday, August 27th. Royal Bank Of Canada raised their target price on shares of BOX from $24.00 to $26.00 and gave the company an "underperform" rating in a report on Wednesday, August 27th. Zacks Research upgraded shares of BOX from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 28th. Wall Street Zen downgraded shares of BOX from a "buy" rating to a "hold" rating in a research note on Sunday, June 29th. Finally, Morgan Stanley restated a "positive" rating on shares of BOX in a research note on Wednesday, May 28th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, BOX has a consensus rating of "Moderate Buy" and an average target price of $39.00.

Insider Buying and Selling at BOX

In related news, CEO Aaron Levie sold 15,000 shares of BOX stock in a transaction that occurred 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 sale, the chief executive officer directly owned 2,952,030 shares in the company, valued at $98,450,200.50. This trade represents a 0.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Eli Berkovitch sold 3,000 shares of the business's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $33.34, for a total transaction of $100,020.00. Following the completion of the transaction, the vice president owned 133,867 shares in the company, valued at $4,463,125.78. This trade represents a 2.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold 51,081 shares of company stock worth $1,762,323 over the last quarter. Insiders own 3.90% of the company's stock.

BOX Trading Up 0.9%

NYSE:BOX traded up $0.31 during mid-day trading on Monday, hitting $33.08. 2,121,013 shares of the company's stock were exchanged, compared to its average volume of 1,951,871. The company has a 50 day simple moving average of $32.37 and a 200-day simple moving average of $32.36. Box, Inc. has a fifty-two week low of $28.00 and a fifty-two week high of $38.80. The firm has a market capitalization of $4.79 billion, a P/E ratio of 26.67 and a beta of 0.95.

BOX (NYSE:BOX - Get Free Report) last posted its earnings results on Tuesday, August 26th. The software maker reported $0.33 EPS for the quarter, topping the consensus estimate of $0.31 by $0.02. BOX had a net margin of 20.30% and a negative return on equity of 21.77%. The business had revenue of $294.00 million for the quarter, compared to the consensus estimate of $290.19 million. During the same period last year, the company earned $0.44 EPS. The firm's 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, analysts expect that Box, Inc. will post 0.27 earnings per share for the current year.

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.