Box, Inc. $BOX Stock Sold by Fort Washington Investment Advisors Inc. OH

Key Points

• Fort Washington Investment Advisors reduced its Box stake by 35.5%, selling 396,434 shares in the third quarter and retaining 719,453 shares valued at approximately $24.1 million. Institutional investors and hedge funds collectively own 86.74% of BOX.
• Box reported quarterly revenue of $321.15 million, up 9.2% year over year, while adjusted earnings of $0.40 per share matched analyst expectations.
• BOX shares opened at $39.49, near their 52-week high of $39.64. Analysts maintain a consensus “Hold” rating with an average price target of $37.80, despite some target-price increases.

Fort Washington Investment Advisors Inc. OH cut its holdings in shares of Box, Inc. (NYSE:BOX - Free Report) by 35.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 719,453 shares of the software maker's stock after selling 396,434 shares during the period. Fort Washington Investment Advisors Inc. OH owned about 0.52% of BOX worth $24,087,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its holdings in BOX by 5,002.2% in the second quarter. Wellington Management Group LLP now owns 515,932 shares of the software maker's stock valued at $13,693,000 after purchasing an additional 505,820 shares during the last quarter. Pacer Advisors Inc. grew its position in BOX by 13,002.6% during the 1st quarter. Pacer Advisors Inc. now owns 502,355 shares of the software maker's stock worth $11,876,000 after purchasing an additional 498,521 shares during the period. Janus Henderson Group PLC raised its stake in shares of BOX by 74.9% during the 1st quarter. Janus Henderson Group PLC now owns 1,147,381 shares of the software maker's stock valued at $27,141,000 after buying an additional 491,505 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of BOX by 9.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,918,991 shares of the software maker's stock valued at $116,285,000 after buying an additional 407,733 shares during the last quarter. Finally, Emmett Investment Management LP raised its stake in shares of BOX by 84.4% during the 1st quarter. Emmett Investment Management LP now owns 313,400 shares of the software maker's stock valued at $7,418,000 after buying an additional 143,450 shares during the last quarter. 86.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at BOX

In other BOX news, COO Olivia Nottebohm sold 5,293 shares of the company's stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $34.50, for a total value of $182,608.50. Following the completion of the transaction, the chief operating officer owned 486,759 shares in the company, valued at approximately $16,793,185.50. This represents a 1.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Eli Berkovitch sold 3,850 shares of the company's stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $35.99, for a total transaction of $138,561.50. Following the completion of the transaction, the vice president owned 105,404 shares of the company's stock, valued at approximately $3,793,489.96. This trade represents a 3.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 75,969 shares of company stock valued at $2,622,935 in the last quarter. 3.99% of the stock is currently owned by insiders.

BOX Price Performance

NYSE:BOX opened at $39.49 on Friday. The firm has a market cap of $5.42 billion, a price-to-earnings ratio of 57.24, a price-to-earnings-growth ratio of 12.41 and a beta of 0.72. The company has a 50 day moving average price of $34.27 and a 200-day moving average price of $29.17. Box, Inc. has a 1-year low of $21.34 and a 1-year high of $39.64.

BOX (NYSE:BOX - Get Free Report) last posted its earnings results on Tuesday, August 25th. The software maker reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40. BOX had a net margin of 10.59% and a negative return on equity of 20.97%. The firm had revenue of $321.15 million during the quarter, compared to analysts' expectations of $319.33 million. During the same period in the previous year, the business posted $0.33 EPS. The business's revenue was up 9.2% compared to the same quarter last year. 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 anticipate that Box, Inc. will post 0.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on BOX shares. Weiss Ratings raised BOX from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, October 6th. Morgan Stanley upped their target price on BOX from $33.00 to $36.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 26th. UBS Group raised their target price on BOX from $29.00 to $37.00 and gave the stock a "neutral" rating in a report on Wednesday, August 26th. Royal Bank Of Canada reaffirmed an "underperform" rating and set a $26.00 target price on shares of BOX in a report on Wednesday, August 26th. Finally, Citigroup lifted their price target on BOX from $37.00 to $40.00 and gave the company a "buy" rating in a research report on Wednesday, August 26th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $37.80.

BOX Profile

Box, Inc provides cloud-based content management and file-sharing services for businesses and other organizations. Its platform, known as Box Content Cloud, enables users to securely store, access, share and collaborate on documents and other digital content from connected devices.

The company's services include tools for workflow automation, electronic signatures, content governance, security, compliance and collaboration. Box also offers integrations with widely used business applications, helping organizations manage content across their existing technology environments.

Box was founded in 2005 by Aaron Levie, Dylan Smith, Sam Ghods and Jeff Queisser.

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