RGM Capital LLC Grows Stock Holdings in Box, Inc. $BOX

Key Points

• RGM Capital LLC increased its holdings in Box, Inc. by 9.3%, owning approximately 3.75 million shares worth about $115.7 million.
• Box, Inc. reported a quarterly earnings per share (EPS) of $0.30, surpassing analyst expectations of $0.25, with revenue growth of 4.4% year-over-year.
• Several institutional investors have recently raised their stakes in BOX, with 86.74% of the company's stock owned by institutional investors.

RGM Capital LLC grew its stake in shares of Box, Inc. (NYSE:BOX - Free Report) by 9.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,749,773 shares of the software maker's stock after buying an additional 318,459 shares during the quarter. BOX makes up 4.8% of RGM Capital LLC's holdings, making the stock its 11th biggest holding. RGM Capital LLC owned approximately 2.61% of BOX worth $115,718,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. TCTC Holdings LLC grew its stake in shares of BOX by 115.4% in the first quarter. TCTC Holdings LLC now owns 825 shares of the software maker's stock worth $25,000 after purchasing an additional 442 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake 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 worth $27,000 after purchasing an additional 665 shares during the last quarter. MorganRosel Wealth Management LLC bought a new stake in shares of BOX in the first quarter worth $31,000. Versant Capital Management Inc grew its stake 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 worth $60,000 after purchasing an additional 1,636 shares during the last quarter. Finally, Covestor Ltd grew its stake in shares of BOX by 29.9% in the first quarter. Covestor Ltd now owns 2,142 shares of the software maker's stock worth $66,000 after purchasing an additional 493 shares during the last quarter. Institutional investors own 86.74% of the company's stock.

Insiders Place Their Bets

In other BOX news, Director Dana L. Evan sold 7,590 shares of the company's stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $33.51, for a total value of $254,340.90. Following the completion of the sale, the director directly owned 115,725 shares of the company's stock, valued at approximately $3,877,944.75. This represents a 6.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Bethany Mayer sold 5,123 shares of the stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $34.06, for a total transaction of $174,489.38. Following the transaction, the director directly owned 15,284 shares of the company's stock, valued at $520,573.04. This represents a 25.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 51,081 shares of company stock worth $1,762,323 in the last ninety days. 3.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on BOX shares. Citigroup boosted their price objective on shares of BOX from $39.00 to $40.00 and gave the stock a "buy" rating in a research note on Wednesday. Raymond James Financial restated an "outperform" rating and issued a $42.00 target price on shares of BOX in a report on Wednesday. Zacks Research upgraded shares of BOX from a "hold" rating to a "strong-buy" rating in a report on Thursday. Morgan Stanley reiterated a "positive" rating on shares of BOX in a report on Wednesday, May 28th. Finally, Wall Street Zen lowered shares of BOX from a "buy" rating to a "hold" rating in a report on Sunday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $39.00.

BOX Trading Down 0.7%

Shares of BOX traded down $0.24 on Friday, reaching $32.59. The company's stock had a trading volume of 2,571,684 shares, compared to its average volume of 2,124,855. Box, Inc. has a twelve month low of $28.00 and a twelve month high of $38.80. The firm has a fifty day moving average of $32.54 and a 200-day moving average of $32.48. The stock has a market capitalization of $4.69 billion, a PE ratio of 26.28 and a beta of 0.96.

BOX (NYSE:BOX - Get Free Report) last issued its quarterly earnings data on Tuesday, August 26th. The software maker reported $0.33 earnings per share (EPS) 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 business had revenue of $294.00 million during the quarter, compared to the consensus estimate of $290.19 million. During the same period in the prior year, the firm posted $0.44 EPS. The firm's quarterly 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, equities analysts anticipate that Box, Inc. will post 0.27 EPS for the current fiscal year.

About BOX

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.