California State Teachers Retirement System Increases Stock Position in Box, Inc. $BOX

Key Points

• Institutional ownership increased: California State Teachers Retirement System raised its BOX position by 27.5% to 173,666 shares, while institutional investors collectively own 86.74% of the company.
• BOX reported a quarterly beat: The company posted adjusted EPS of $0.37 versus $0.36 expected and revenue of $305.94 million, up 10.7% year over year. Shares traded at $33.23, near their 52-week high of $33.88.
• Analyst sentiment remains cautious: BOX has a consensus “Hold” rating and an average price target of $35.33, despite some analysts raising targets. Company insiders have sold 101,716 shares worth approximately $2.7 million over the past 90 days.

California State Teachers Retirement System grew its holdings in shares of Box, Inc. (NYSE:BOX - Free Report) by 27.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 173,666 shares of the software maker's stock after purchasing an additional 37,421 shares during the period. California State Teachers Retirement System owned approximately 0.13% of BOX worth $4,105,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of BOX. Arrowstreet Capital Limited Partnership raised its position in BOX by 9.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,918,991 shares of the software maker's stock worth $116,285,000 after acquiring an additional 407,733 shares in the last quarter. RGM Capital LLC boosted its holdings in BOX by 8.2% during the fourth quarter. RGM Capital LLC now owns 3,330,168 shares of the software maker's stock worth $99,605,000 after buying an additional 251,520 shares in the last quarter. Sei Investments Co. boosted its holdings in BOX by 2.9% during the third quarter. Sei Investments Co. now owns 3,316,783 shares of the software maker's stock worth $107,033,000 after buying an additional 94,289 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in BOX by 823,134.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,054,200 shares of the software maker's stock worth $91,351,000 after buying an additional 3,053,829 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in BOX by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,674,883 shares of the software maker's stock valued at $63,232,000 after buying an additional 13,983 shares in the last quarter. 86.74% of the stock is owned by hedge funds and other institutional investors.

BOX Trading Up 4.3%

Shares of BOX stock opened at $33.23 on Friday. The firm has a 50-day moving average price of $28.30 and a 200 day moving average price of $25.77. Box, Inc. has a twelve month low of $21.34 and a twelve month high of $33.88. The company has a market capitalization of $4.60 billion, a price-to-earnings ratio of 51.13, a PEG ratio of 11.24 and a beta of 0.73.

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

Insiders Place Their Bets

In other BOX news, COO Olivia Nottebohm sold 6,528 shares of the stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $26.17, for a total transaction of $170,837.76. Following the transaction, the chief operating officer owned 552,211 shares of the company's stock, valued at $14,451,361.87. This represents a 1.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Aaron Levie sold 15,000 shares of BOX stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $24.32, for a total value of $364,800.00. Following the completion of the sale, the chief executive officer directly owned 2,874,673 shares of the company's stock, valued at approximately $69,912,047.36. This represents a 0.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 101,716 shares of company stock valued at $2,708,056. Insiders own 3.99% of the company's stock.

Analysts Set New Price Targets

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

BOX 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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