Charles Schwab Investment Management Inc. Sells 16,547 Shares of Box, Inc. $BOX

Charles Schwab Investment Management Inc. decreased its stake in Box, Inc. (NYSE:BOX - Free Report) by 1.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,383,082 shares of the software maker's stock after selling 16,547 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.96% of BOX worth $42,682,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its position in BOX by 24.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,870 shares of the software maker's stock valued at $366,000 after buying an additional 2,352 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in BOX by 1.2% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 40,250 shares of the software maker's stock valued at $1,242,000 after buying an additional 482 shares during the last quarter. Natixis Advisors LLC raised its position in BOX by 15.2% in the 1st quarter. Natixis Advisors LLC now owns 497,592 shares of the software maker's stock valued at $15,356,000 after buying an additional 65,711 shares during the last quarter. Vestcor Inc acquired a new stake in BOX in the 1st quarter valued at approximately $399,000. Finally, XTX Topco Ltd raised its position in BOX by 517.8% in the 1st quarter. XTX Topco Ltd now owns 52,105 shares of the software maker's stock valued at $1,608,000 after buying an additional 43,671 shares during the last quarter. Institutional investors and hedge funds own 86.74% of the company's stock.

Analyst Ratings Changes

BOX has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their price target on BOX from $37.00 to $39.00 and gave the company an "overweight" rating in a research note on Wednesday, May 28th. DA Davidson set a $45.00 price target on BOX and gave the company a "buy" rating in a research note on Wednesday, May 28th. Morgan Stanley reaffirmed a "positive" rating on shares of BOX in a research report on Wednesday, May 28th. Wall Street Zen downgraded shares of BOX from a "buy" rating to a "hold" rating in a research report on Sunday, June 29th. Finally, UBS Group upgraded shares of BOX from a "buy" rating to a "strong-buy" rating and boosted their price objective for the stock from $37.00 to $40.00 in a research note on Wednesday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $38.50.

Insider Buying and Selling at BOX

In related news, COO Olivia Nottebohm sold 2,013 shares of the company's stock in a transaction dated 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 owned 530,060 shares of the company's stock, valued at $16,961,920. This represents a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Aaron Levie sold 15,000 shares of the company's stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $33.35, for a total transaction of $500,250.00. Following the sale, the chief executive officer directly owned 2,952,030 shares of the company's stock, valued at $98,450,200.50. This represents a 0.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 94,504 shares of company stock valued at $3,363,371 over the last three months. 3.90% of the stock is owned by insiders.

BOX Stock Up 1.7%

Shares of BOX traded up $0.5350 during trading hours on Friday, hitting $31.7150. The company had a trading volume of 379,145 shares, compared to its average volume of 1,887,886. Box, Inc. has a 12 month low of $28.00 and a 12 month high of $38.80. The business has a fifty day moving average of $32.92 and a 200-day moving average of $32.59. The firm has a market cap of $4.56 billion, a price-to-earnings ratio of 24.60 and a beta of 0.96.

BOX (NYSE:BOX - Get Free Report) last released its quarterly earnings results on Tuesday, May 27th. The software maker reported $0.30 EPS for the quarter, beating the consensus estimate of $0.25 by $0.05. BOX had a net margin of 21.38% and a negative return on equity of 20.17%. The business had revenue of $276.27 million for the quarter, compared to the consensus estimate of $274.77 million. During the same period in the prior year, the company posted $0.39 earnings per share. BOX's revenue was up 4.4% compared to the same quarter last year. BOX has set its FY 2026 guidance at 1.220-1.260 EPS. Q2 2026 guidance at 0.300-0.310 EPS. On average, equities analysts expect that Box, Inc. will post 0.27 EPS for the current fiscal year.

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.