Box, Inc. $BOX Stock Holdings Lifted by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC increased its position in Box, Inc. by 29.2% during the first quarter, owning a total of 71,596 shares valued at approximately $2.21 million.
• Several hedge funds, including UBS AM and Woodline Partners, also raised their holdings in BOX during the same quarter, indicating increased institutional interest in the stock.
• BOX reported a quarterly earnings per share (EPS) of $0.33, exceeding analysts' expectations, with revenues of $294 million, which is an 8.9% year-over-year increase.

Intech Investment Management LLC boosted its stake in shares of Box, Inc. (NYSE:BOX - Free Report) by 29.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,596 shares of the software maker's stock after acquiring an additional 16,179 shares during the quarter. Intech Investment Management LLC's holdings in BOX were worth $2,209,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Gotham Asset Management LLC bought a new position in BOX during the 4th quarter valued at approximately $307,000. Quantinno Capital Management LP purchased a new position in shares of BOX in the 4th quarter worth $289,000. ProShare Advisors LLC raised its holdings in BOX by 42.5% in the 4th quarter. ProShare Advisors LLC now owns 43,308 shares of the software maker's stock worth $1,369,000 after purchasing an additional 12,924 shares during the period. Raiffeisen Bank International AG bought a new position in BOX in the 4th quarter worth $215,000. Finally, Rafferty Asset Management LLC raised its holdings in BOX by 5.8% during the fourth quarter. Rafferty Asset Management LLC now owns 26,128 shares of the software maker's stock valued at $826,000 after acquiring an additional 1,439 shares during the period. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

BOX Trading Down 0.5%

Shares of BOX stock traded down $0.16 on Friday, reaching $32.14. 3,327,873 shares of the stock were exchanged, compared to its average volume of 2,185,933. The business has a fifty day moving average price of $32.24 and a two-hundred day moving average price of $32.35. Box, Inc. has a 1-year low of $28.00 and a 1-year high of $38.80. The firm has a market capitalization of $4.66 billion, a PE ratio of 25.92 and a beta of 0.95.

BOX (NYSE:BOX - Get Free Report) last issued its earnings results on Tuesday, August 26th. The software maker reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.02. BOX had a net margin of 20.30% and a negative return on equity of 21.77%. The company had revenue of $294.00 million for the quarter, compared to analyst estimates of $290.19 million. During the same period in the prior year, the business posted $0.44 earnings per share. The firm's revenue for the quarter was up 8.9% compared to the same quarter last year. BOX has set its FY 2026 guidance at 1.260-1.28 EPS. Q3 2026 guidance at 0.310-0.32 EPS. Research analysts expect that Box, Inc. will post 0.27 EPS for the current year.

Insider Buying and Selling at BOX

In other BOX news, CEO Aaron Levie sold 15,000 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $32.81, for a total transaction of $492,150.00. Following the transaction, the chief executive officer owned 2,937,030 shares of the company's stock, valued at $96,363,954.30. This trade represents a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Bethany Mayer sold 5,123 shares of the stock in a transaction on Monday, June 30th. The stock was sold at an average price of $34.06, for a total transaction of $174,489.38. Following the completion of the sale, the director directly owned 15,284 shares of the company's stock, valued at $520,573.04. The trade was a 25.10% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 102,752 shares of company stock valued at $3,395,069. 3.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. UBS Group cut BOX from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $42.00 to $36.00 in a report on Thursday. DA Davidson set a $45.00 price target on shares of BOX and gave the company a "buy" rating in a research note on Wednesday, May 28th. JPMorgan Chase & Co. lifted their price target on shares of BOX from $37.00 to $39.00 and gave the company an "overweight" rating in a research note on Wednesday, May 28th. Zacks Research upgraded BOX from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 28th. Finally, Morgan Stanley reaffirmed a "positive" rating on shares of BOX in a research report on Wednesday, May 28th. One 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $38.25.

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.