Congress Asset Management Co. Has $64.47 Million Position in Box, Inc. $BOX

Key Points

• Congress Asset Management Co. increased its holdings in Box, Inc. by 2.2% to own approximately $64.47 million worth of shares, totaling 1,886,750 shares.
• Box, Inc. reported $294 million in revenue for the last quarter, exceeding estimates, and posted earnings per share of $0.33, beating the consensus estimate of $0.31.
• Insider trading activity includes CEO Aaron Levie selling 15,000 shares, which dropped their ownership slightly, as insiders collectively sold over 100,000 shares recently.

Congress Asset Management Co. lifted its holdings in Box, Inc. (NYSE:BOX - Free Report) by 2.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,886,750 shares of the software maker's stock after purchasing an additional 40,681 shares during the quarter. Congress Asset Management Co. owned about 1.31% of BOX worth $64,470,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. TCTC Holdings LLC raised its holdings in BOX by 115.4% during the 1st quarter. TCTC Holdings LLC now owns 825 shares of the software maker's stock worth $25,000 after buying an additional 442 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of BOX by 332.5% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 865 shares of the software maker's stock worth $27,000 after acquiring an additional 665 shares in the last quarter. MorganRosel Wealth Management LLC acquired a new stake in shares of BOX during the first quarter worth $31,000. Geneos Wealth Management Inc. bought a new stake in BOX in the 1st quarter valued at $31,000. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in BOX by 692.8% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,316 shares of the software maker's stock worth $45,000 after purchasing an additional 1,150 shares during the period. 86.74% of the stock is owned by institutional investors.

BOX Trading Down 0.1%

Shares of BOX opened at $32.28 on Friday. The company's fifty day simple moving average is $32.24 and its 200 day simple moving average is $32.36. The company has a market cap of $4.68 billion, a price-to-earnings ratio of 26.03 and a beta of 0.95. Box, Inc. has a 1-year low of $28.00 and a 1-year high of $38.80.

BOX (NYSE:BOX - Get Free Report) last announced its quarterly earnings results on Tuesday, August 26th. The software maker reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.02. BOX had a negative return on equity of 21.77% and a net margin of 20.30%.The business had revenue of $294.00 million during the quarter, compared to the consensus estimate of $290.19 million. During the same quarter last year, the firm posted $0.44 EPS. The company's quarterly revenue was up 8.9% on a year-over-year basis. 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, research analysts forecast that Box, Inc. will post 0.27 earnings per share for the current year.

Insider Buying and Selling at BOX

In related news, CEO Aaron Levie sold 15,000 shares of the company's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $32.81, for a total value of $492,150.00. Following the transaction, the chief executive officer owned 2,937,030 shares in the company, valued at approximately $96,363,954.30. This represents a 0.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Eli Berkovitch sold 3,000 shares of the firm's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $33.34, for a total transaction of $100,020.00. Following the sale, the vice president owned 133,867 shares of the company's stock, valued at $4,463,125.78. This trade represents a 2.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 100,739 shares of company stock worth $3,325,419 in the last ninety days. Insiders own 3.90% of the company's stock.

Analysts Set New Price Targets

BOX has been the topic of several recent research reports. 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. UBS Group lowered BOX from a "buy" rating to a "neutral" rating and dropped their target price for the company from $42.00 to $36.00 in a research report on Thursday, September 18th. Royal Bank Of Canada boosted their target price on BOX from $24.00 to $26.00 and gave the company an "underperform" rating in a research note on Wednesday, August 27th. Citigroup raised their price target on shares of BOX from $39.00 to $40.00 and gave the stock a "buy" rating in a research note on Wednesday, August 27th. Finally, Zacks Research upgraded shares of BOX from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.25.

BOX Company 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.

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