Fisher Asset Management LLC Sells 56,143 Shares of Box, Inc. $BOX

Key Points

• Fisher Asset Management cut its Box stake by 8.5% in the fourth quarter, selling 56,143 shares and leaving it with 607,138 shares valued at about $18.2 million.
• Box beat fiscal Q1 expectations, reporting EPS of $0.37 on revenue of $305.94 million, with revenue up 10.7% year over year. The company also raised its fiscal 2027 guidance.
• Box approved a $500 million share buyback program, while analysts remain mixed overall with a consensus Hold rating and an average price target of $35.33.

Fisher Asset Management LLC trimmed its holdings in shares of Box, Inc. (NYSE:BOX - Free Report) by 8.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 607,138 shares of the software maker's stock after selling 56,143 shares during the quarter. Fisher Asset Management LLC owned 0.42% of BOX worth $18,159,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. First Horizon Corp increased its stake in BOX by 148.1% during the 4th quarter. First Horizon Corp now owns 831 shares of the software maker's stock worth $25,000 after purchasing an additional 496 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in BOX during the 4th quarter worth approximately $26,000. Geneos Wealth Management Inc. bought a new stake in BOX during the 1st quarter worth approximately $31,000. Employees Retirement System of Texas bought a new stake in BOX during the 3rd quarter worth approximately $35,000. Finally, CIBC Private Wealth Group LLC increased its stake in BOX by 1,778.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,202 shares of the software maker's stock worth $39,000 after purchasing an additional 1,138 shares in the last quarter. 86.74% of the stock is owned by institutional investors.

BOX Trading Down 3.5%

NYSE BOX opened at $24.72 on Thursday. The company has a market cap of $3.42 billion, a PE ratio of 38.03, a PEG ratio of 1.32 and a beta of 0.71. Box, Inc. has a 12 month low of $21.34 and a 12 month high of $38.80. The stock has a 50 day moving average of $24.22 and a 200-day moving average of $26.41.

BOX (NYSE:BOX - Get Free Report) last released its quarterly earnings data on Tuesday, May 26th. The software maker reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. The company had revenue of $305.94 million during the quarter, compared to the consensus estimate of $304.39 million. BOX had a negative return on equity of 25.32% and a net margin of 10.35%.The firm's revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.30 EPS. 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, sell-side analysts predict that Box, Inc. will post 0.34 EPS for the current fiscal year.

BOX declared that its Board of Directors has approved a share buyback program on Thursday, March 19th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the software maker to buy up to 14.2% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its shares are undervalued.

Insider Buying and Selling at BOX

In other BOX news, CEO Aaron Levie sold 15,000 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $24.72, for a total transaction of $370,800.00. Following the transaction, the chief executive officer owned 2,907,030 shares in the company, valued at $71,861,781.60. This trade represents a 0.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dana L. Evan sold 17,034 shares of the stock in a transaction on Monday, April 6th. The stock was sold at an average price of $24.24, for a total value of $412,904.16. Following the transaction, the director owned 113,525 shares in the company, valued at $2,751,846. The trade was a 13.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 137,086 shares of company stock worth $3,345,852. 3.99% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on BOX shares. Wall Street Zen cut BOX from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 9th. Weiss Ratings raised BOX from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday. UBS Group increased their target price on BOX from $28.00 to $29.00 and gave the stock a "neutral" rating in a research note on Wednesday. William Blair reissued a "market perform" rating on shares of BOX in a research note on Monday, March 23rd. Finally, Citigroup upped their price target on BOX from $36.00 to $37.00 and gave the stock a "buy" rating in a research report on Wednesday. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $35.33.

Key Headlines Impacting BOX

Here are the key news stories impacting BOX this week:

• Positive Sentiment: Box reported fiscal Q1 earnings of $0.37 per share, topping estimates, while revenue of $305.94 million also edged past expectations and rose 10.7% year over year. Box Reports First Quarter Fiscal 2027 Financial Results
• Positive Sentiment: The company raised its fiscal 2027 outlook, with Q2 and full-year EPS guidance coming in above Wall Street estimates, which supports confidence in near-term profitability. Box Reports First Quarter Fiscal 2027 Financial Results
• Positive Sentiment: Box also announced a $500 million share repurchase program, a shareholder-friendly move that can help support the stock. Box Likely To Report Higher Q1 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
• Positive Sentiment: DA Davidson reaffirmed its Buy rating on BOX and set a $45 price target, signaling meaningful upside from current levels. Benzinga analyst rating update
• Neutral Sentiment: BOX drew unusually heavy call-option buying, suggesting traders are positioning for a bigger move, though the signal is not inherently directional.
• Neutral Sentiment: The company is also scheduled to present at investor conferences, which may keep attention on the stock but does not by itself change fundamentals. Box to Present at Investor Conferences
• Negative Sentiment: Despite the earnings beat and stronger outlook, shares have weakened as investors remain cautious about how quickly Box’s AI-driven product mix will convert into sustained acceleration.

About BOX

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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