Box, Inc. $BOX Shares Purchased by Quantinno Capital Management LP

Key Points

• Quantinno Capital Management increased its Box stake by 180.5% in the first quarter, owning 86,849 shares valued at approximately $2.05 million. Institutional investors collectively own 86.74% of BOX.
• Box reported quarterly EPS of $0.37, slightly above estimates, while revenue rose 10.7% year over year to $305.94 million. The stock opened at $33.66, near its 52-week high of $33.88.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $35.33. Recent targets range from $29 to $45, while company insiders have sold nearly 78,000 shares over the past three months.

Quantinno Capital Management LP raised its stake in Box, Inc. (NYSE:BOX - Free Report) by 180.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,849 shares of the software maker's stock after acquiring an additional 55,886 shares during the period. Quantinno Capital Management LP owned 0.06% of BOX worth $2,053,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. First Horizon Corp grew its stake in BOX by 148.1% during the 4th quarter. First Horizon Corp now owns 831 shares of the software maker's stock worth $25,000 after buying an additional 496 shares during the last quarter. Geneos Wealth Management Inc. purchased a new stake in BOX in the first quarter valued at approximately $31,000. Employees Retirement System of Texas acquired a new stake in shares of BOX in the third quarter valued at approximately $35,000. CIBC Private Wealth Group LLC boosted its holdings in shares of BOX by 1,778.1% in the third quarter. CIBC Private Wealth Group LLC now owns 1,202 shares of the software maker's stock valued at $39,000 after acquiring an additional 1,138 shares during the period. Finally, Bayforest Capital Ltd purchased a new position in shares of BOX during the fourth quarter worth approximately $42,000. Hedge funds and other institutional investors own 86.74% of the company's stock.

BOX Stock Performance

NYSE:BOX opened at $33.66 on Tuesday. Box, Inc. has a 1 year low of $21.34 and a 1 year high of $33.88. The stock has a fifty day moving average price of $28.40 and a two-hundred day moving average price of $25.83. The stock has a market capitalization of $4.66 billion, a price-to-earnings ratio of 51.78, a PEG ratio of 11.73 and a beta of 0.73.

BOX (NYSE:BOX - Get Free Report) last issued its earnings results on Tuesday, May 26th. The software maker reported $0.37 EPS for the quarter, topping the consensus estimate of $0.36 by $0.01. The company had revenue of $305.94 million for the quarter, compared to analyst estimates of $304.39 million. BOX had a net margin of 10.35% and a negative return on equity of 24.19%. The business's revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 EPS. BOX has set its Q2 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.560-1.560 EPS. On average, analysts predict that Box, Inc. will post 0.31 EPS for the current year.

Analysts Set New Price Targets

BOX has been the subject of several research reports. Wall Street Zen downgraded shares of BOX from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 9th. UBS Group raised their price objective on shares of BOX from $28.00 to $29.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 27th. DA Davidson reaffirmed a "buy" rating and issued a $45.00 target price on shares of BOX in a report on Wednesday, May 27th. Citigroup increased their target price on shares of BOX from $36.00 to $37.00 and gave the stock a "buy" rating in a research note on Wednesday, May 27th. Finally, Weiss Ratings raised BOX from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, July 23rd. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $35.33.

Insider Activity at BOX

In other BOX news, VP Eli Berkovitch sold 6,300 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $25.36, for a total value of $159,768.00. Following the completion of the transaction, the vice president directly owned 115,679 shares of the company's stock, valued at approximately $2,933,619.44. This trade represents a 5.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Aaron Levie sold 15,000 shares of BOX stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $24.32, for a total transaction of $364,800.00. Following the sale, the chief executive officer owned 2,874,673 shares of the company's stock, valued at approximately $69,912,047.36. The trade was a 0.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 77,996 shares of company stock valued at $2,116,005. 3.99% of the stock is owned by corporate insiders.

BOX Company Profile

Box, Inc is a leading provider of cloud content management and file sharing solutions designed to support enterprises in securely managing, accessing and collaborating on digital content from anywhere. The company offers a unified platform that enables organizations to store, share and automate workflows across various departments, enhancing productivity and ensuring governance over sensitive information. Box's services are tailored to meet the needs of industries such as healthcare, financial services, government and media, where compliance and data security are paramount.

The core offerings of Box include its Content Cloud platform, which provides content collaboration, workflow automation, data classification and secure file sharing.

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