Canada Pension Plan Investment Board Trims Stock Position in Box, Inc. $BOX

Key Points

• The Canada Pension Plan Investment Board reduced its stake in Box, Inc. by 3.9%, maintaining ownership of approximately 0.21% of the company valued at $9.4 million.
• Box reported a net margin of 20.30% and revenue growth of 8.9% year-over-year during its latest quarter, surpassing analysts' revenue expectations.
• Analysts have a moderate buy consensus rating for Box, with target prices ranging from $24 to $42.

Canada Pension Plan Investment Board lowered its holdings in Box, Inc. (NYSE:BOX - Free Report) by 3.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 305,500 shares of the software maker's stock after selling 12,300 shares during the period. Canada Pension Plan Investment Board owned approximately 0.21% of BOX worth $9,428,000 at the end of the most recent quarter.

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

Insider Activity at BOX

In related news, COO Olivia Nottebohm sold 2,013 shares of the company's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $32.00, for a total transaction of $64,416.00. Following the completion of the sale, the chief operating officer directly owned 530,060 shares in the company, valued at $16,961,920. This represents a 0.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Aaron Levie sold 15,000 shares of the company's stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $33.35, for a total transaction of $500,250.00. Following the sale, the chief executive officer owned 2,952,030 shares of the company's stock, valued at $98,450,200.50. This represents a 0.51% 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 over the last ninety days. Insiders own 3.90% of the company's stock.

BOX Trading Down 0.0%

Shares of BOX traded down $0.01 during mid-day trading on Friday, reaching $32.73. The company's stock had a trading volume of 1,628,437 shares, compared to its average volume of 2,145,233. The stock has a market cap of $4.71 billion, a PE ratio of 26.39 and a beta of 0.95. Box, Inc. has a 52 week low of $28.00 and a 52 week high of $38.80. The company's fifty day moving average price is $32.37 and its two-hundred day moving average price is $32.38.

BOX (NYSE:BOX - Get Free Report) last announced 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. The firm had revenue of $294.00 million during the quarter, compared to analyst estimates of $290.19 million. BOX had a net margin of 20.30% and a negative return on equity of 21.77%. The business's quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.44 EPS. BOX has set its FY 2026 guidance at 1.260-1.28 EPS. Q3 2026 guidance at 0.310-0.32 EPS. Research analysts anticipate that Box, Inc. will post 0.27 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of BOX from $37.00 to $39.00 and gave the company an "overweight" rating in a research report on Wednesday, May 28th. Citigroup boosted their price objective on shares of BOX from $39.00 to $40.00 and gave the company a "buy" rating in a research note on Wednesday, August 27th. Royal Bank Of Canada boosted their price objective on shares of BOX from $24.00 to $26.00 and gave the company an "underperform" rating in a research note on Wednesday, August 27th. UBS Group boosted their price objective on shares of BOX from $40.00 to $42.00 and gave the company a "buy" rating in a research note on Wednesday, August 27th. Finally, Raymond James Financial reissued an "outperform" rating and issued a $42.00 price target on shares of BOX in a research note on Wednesday, August 27th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $39.00.

BOX 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.