Great Lakes Advisors LLC Lowers Stock Position in Box, Inc. $BOX

Key Points

• Great Lakes Advisors LLC reduced its stake in Box, Inc. by 48.9%, owning 29,296 shares valued at $904,000 after selling 28,046 shares in the first quarter.
• Box, Inc. reported $0.33 earnings per share (EPS), exceeding analyst expectations of $0.31, alongside a revenue of $294 million, marking an 8.9% year-over-year increase.
• The stock has a current market capitalization of $4.79 billion with a PE ratio of 26.64, and analysts have a consensus price target of $39.00 with a "Moderate Buy" rating.

Great Lakes Advisors LLC trimmed its stake in shares of Box, Inc. (NYSE:BOX - Free Report) by 48.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,296 shares of the software maker's stock after selling 28,046 shares during the quarter. Great Lakes Advisors LLC's holdings in BOX were worth $904,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TCTC Holdings LLC lifted its holdings in shares of BOX by 115.4% during the first quarter. TCTC Holdings LLC now owns 825 shares of the software maker's stock worth $25,000 after buying an additional 442 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings 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 buying 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. Versant Capital Management Inc lifted its holdings in shares of BOX by 519.4% during the first quarter. Versant Capital Management Inc now owns 1,951 shares of the software maker's stock worth $60,000 after buying an additional 1,636 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in shares of BOX by 29.9% during the first quarter. Covestor Ltd now owns 2,142 shares of the software maker's stock worth $66,000 after buying an additional 493 shares in the last quarter. 86.74% of the stock is owned by institutional investors.

BOX Stock Performance

Shares of NYSE:BOX traded up $0.23 during midday trading on Wednesday, hitting $32.75. 255,372 shares of the stock were exchanged, compared to its average volume of 1,932,469. The stock has a market capitalization of $4.75 billion, a price-to-earnings ratio of 26.40 and a beta of 0.95. The business's 50-day moving average price is $32.29 and its 200 day moving average price is $32.36. Box, Inc. has a 12 month low of $28.00 and a 12 month high of $38.80.

BOX (NYSE:BOX - Get Free Report) last announced its earnings results on Tuesday, August 26th. The software maker reported $0.33 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 for the quarter, compared to analysts' expectations of $290.19 million. During the same period in the prior year, the business posted $0.44 earnings per share. The firm's 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, sell-side analysts expect that Box, Inc. will post 0.27 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Zacks Research raised BOX from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 28th. Royal Bank Of Canada boosted their price target on 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 target on BOX from $40.00 to $42.00 and gave the company a "buy" rating in a research note on Wednesday, August 27th. Wall Street Zen downgraded BOX from a "buy" rating to a "hold" rating in a research note on Sunday, June 29th. Finally, JPMorgan Chase & Co. boosted 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $39.00.

Insider Activity

In other news, CFO Dylan C. Smith sold 51,000 shares of the company's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $32.83, for a total transaction of $1,674,330.00. Following the transaction, the chief financial officer directly owned 1,480,732 shares of the company's stock, valued at $48,612,431.56. This represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Eli Berkovitch sold 3,000 shares of the company'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 value of $100,020.00. Following the transaction, the vice president directly owned 133,867 shares in the company, valued at $4,463,125.78. The trade was a 2.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 102,752 shares of company stock worth $3,395,069. Company insiders own 3.90% of the company's stock.

About BOX

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.