BI Asset Management Fondsmaeglerselskab A S Decreases Position in Box, Inc. $BOX

Key Points

• BI Asset Management Fondsmaeglerselskab A S significantly reduced its holdings in Box, Inc., selling 113,364 shares and reducing its position by 98.5%, leaving it with only 1,775 shares valued at $55,000.
• Analysts are bullish on BOX, with UBS raising its price target from $37.00 to $40.00 and more reports indicating price objectives as high as $45.00.
• Box, Inc. reported earnings of $0.30 EPS for the last quarter, exceeding expectations, while revenue increased by 4.4% from the previous year.

BI Asset Management Fondsmaeglerselskab A S lessened its holdings in shares of Box, Inc. (NYSE:BOX - Free Report) by 98.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,775 shares of the software maker's stock after selling 113,364 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in BOX were worth $55,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BOX. Dimensional Fund Advisors LP grew its stake in BOX by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,610,450 shares of the software maker's stock valued at $82,492,000 after acquiring an additional 11,376 shares in the last quarter. MetLife Investment Management LLC grew its position in shares of BOX by 4.6% in the fourth quarter. MetLife Investment Management LLC now owns 84,995 shares of the software maker's stock valued at $2,686,000 after purchasing an additional 3,759 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of BOX by 25.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,315 shares of the software maker's stock valued at $200,000 after purchasing an additional 1,271 shares in the last quarter. TD Waterhouse Canada Inc. grew its position in shares of BOX by 42.4% in the fourth quarter. TD Waterhouse Canada Inc. now owns 2,194 shares of the software maker's stock valued at $69,000 after purchasing an additional 653 shares in the last quarter. Finally, Stifel Financial Corp grew its position in shares of BOX by 31.4% in the fourth quarter. Stifel Financial Corp now owns 53,924 shares of the software maker's stock valued at $1,704,000 after purchasing an additional 12,898 shares in the last quarter. Hedge funds and other institutional investors own 86.74% of the company's stock.

BOX Price Performance

Shares of NYSE:BOX traded up $0.29 during mid-day trading on Thursday, reaching $32.75. 3,011,946 shares of the company were exchanged, compared to its average volume of 2,030,825. The firm has a market cap of $4.71 billion, a price-to-earnings ratio of 26.41 and a beta of 0.96. The firm's 50-day simple moving average is $32.58 and its 200 day simple moving average is $32.51. Box, Inc. has a 1 year low of $28.00 and a 1 year high of $38.80.

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

Insider Buying and Selling at BOX

In related news, VP Eli Berkovitch sold 5,924 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $37.70, for a total transaction of $223,334.80. Following the completion of the transaction, the vice president directly owned 138,770 shares in the company, valued at $5,231,629. This trade represents a 4.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Aaron Levie sold 15,000 shares of the firm's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $33.35, for a total value of $500,250.00. Following the transaction, the chief executive officer owned 2,952,030 shares of the company's stock, valued at $98,450,200.50. This trade represents a 0.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 57,005 shares of company stock valued at $1,985,658. Corporate insiders own 3.90% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Royal Bank Of Canada upped their target price on BOX from $24.00 to $26.00 and gave the company an "underperform" rating in a report on Wednesday. Wall Street Zen lowered shares of BOX from a "buy" rating to a "hold" rating in a report on Sunday, June 29th. UBS Group upped their price objective on shares of BOX from $40.00 to $42.00 and gave the company a "buy" rating in a report on Wednesday. Citigroup increased their price target on shares of BOX from $39.00 to $40.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. increased their price target on shares of BOX from $37.00 to $39.00 and gave the company an "overweight" rating in a research note on Wednesday, May 28th. Eight investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, BOX has a consensus rating of "Moderate Buy" and an average target price of $39.00.

BOX Company 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.