Counterpoint Mutual Funds LLC Purchases New Shares in Box, Inc. $BOX

Key Points

• Counterpoint Mutual Funds LLC acquired 282,078 shares of Box in the third quarter, valued at approximately $9.44 million and representing a 0.21% stake. Institutional investors collectively own 86.74% of the company.
• Box reported quarterly revenue of $321.15 million, up 9.2% year over year, while earnings per share of $0.40 matched analyst expectations.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and average price target of $37.80; targets range from $26 to $50. Shares recently opened at $39.55, near their 52-week high of $40.08.

Counterpoint Mutual Funds LLC acquired a new position in shares of Box, Inc. (NYSE:BOX - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 282,078 shares of the software maker's stock, valued at approximately $9,444,000. Counterpoint Mutual Funds LLC owned 0.21% of BOX as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. increased its stake in shares of BOX by 10.2% in the 1st quarter. Principal Financial Group Inc. now owns 1,010,921 shares of the software maker's stock valued at $23,898,000 after acquiring an additional 93,516 shares in the last quarter. Fort Washington Investment Advisors Inc. OH boosted its stake in BOX by 4.4% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 1,029,407 shares of the software maker's stock worth $24,335,000 after acquiring an additional 43,520 shares in the last quarter. Janus Henderson Group PLC boosted its stake in BOX by 74.9% during the first quarter. Janus Henderson Group PLC now owns 1,147,381 shares of the software maker's stock worth $27,141,000 after acquiring an additional 491,505 shares in the last quarter. Hsbc Holdings PLC grew its holdings in BOX by 108.9% in the first quarter. Hsbc Holdings PLC now owns 77,371 shares of the software maker's stock worth $1,839,000 after purchasing an additional 40,341 shares during the period. Finally, California State Teachers Retirement System grew its holdings in BOX by 27.5% in the first quarter. California State Teachers Retirement System now owns 173,666 shares of the software maker's stock worth $4,105,000 after purchasing an additional 37,421 shares during the period. Institutional investors own 86.74% of the company's stock.

BOX Stock Performance

Shares of NYSE BOX opened at $39.55 on Friday. Box, Inc. has a fifty-two week low of $21.34 and a fifty-two week high of $40.08. The stock has a market cap of $5.43 billion, a price-to-earnings ratio of 57.32, a PEG ratio of 10.40 and a beta of 0.72. The firm's 50-day simple moving average is $34.39 and its 200 day simple moving average is $29.24.

BOX (NYSE:BOX - Get Free Report) last announced 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. The company had revenue of $321.15 million for the quarter, compared to analysts' expectations of $319.33 million. BOX had a negative return on equity of 20.97% and a net margin of 10.59%. BOX's quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.33 earnings per share. 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 predict that Box, Inc. will post 0.32 EPS for the current year.

Analysts Set New Price Targets

BOX has been the subject of a number of research analyst reports. Royal Bank Of Canada reaffirmed an "underperform" rating and issued a $26.00 target price on shares of BOX in a research report on Wednesday, August 26th. Citigroup boosted their price objective on BOX from $37.00 to $40.00 and gave the company a "buy" rating in a report on Wednesday, August 26th. 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 report on Wednesday, August 26th. Weiss Ratings upgraded BOX from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, October 6th. Finally, DA Davidson increased their target price on BOX from $45.00 to $50.00 and gave the stock a "buy" rating in a report on Wednesday, August 26th. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $37.80.

Insider Transactions at BOX

In other news, CEO Aaron Levie sold 15,000 shares of the company's stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $34.24, for a total value of $513,600.00. Following the completion of the sale, the chief executive officer owned 2,859,673 shares in the company, valued at $97,915,203.52. This represents a 0.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Dylan C. Smith sold 17,000 shares of the stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $36.56, for a total transaction of $621,520.00. Following the completion of the sale, the chief financial officer owned 1,293,100 shares of the company's stock, valued at approximately $47,275,736. This represents a 1.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 75,969 shares of company stock worth $2,622,935. 3.99% of the stock is owned by insiders.

About BOX

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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