Intech Investment Management LLC Has $2.21 Million Holdings in Box, Inc. $BOX

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 raised its stake in Box, Inc. (NYSE:BOX - Free Report) by 29.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 71,596 shares of the software maker's stock after purchasing an additional 16,179 shares during the period. Intech Investment Management LLC's holdings in BOX were worth $2,209,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Gotham Asset Management LLC purchased a new position in shares of BOX during the fourth quarter worth approximately $307,000. Quantinno Capital Management LP purchased a new position in shares of BOX during the fourth quarter worth approximately $289,000. ProShare Advisors LLC grew its position in shares of BOX by 42.5% during the fourth quarter. ProShare Advisors LLC now owns 43,308 shares of the software maker's stock worth $1,369,000 after acquiring an additional 12,924 shares during the last quarter. Raiffeisen Bank International AG purchased a new position in shares of BOX during the fourth quarter worth approximately $215,000. Finally, Rafferty Asset Management LLC grew its position in shares of BOX by 5.8% during the fourth quarter. Rafferty Asset Management LLC now owns 26,128 shares of the software maker's stock worth $826,000 after acquiring an additional 1,439 shares during the last quarter. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

BOX Stock Down 0.4%

Shares of BOX traded down $0.12 during trading on Friday, reaching $32.18. The company's stock had a trading volume of 826,442 shares, compared to its average volume of 1,934,329. Box, Inc. has a twelve month low of $28.00 and a twelve month high of $38.80. The company has a market cap of $4.66 billion, a price-to-earnings ratio of 25.97 and a beta of 0.95. The company has a fifty day moving average of $32.25 and a two-hundred day moving average of $32.36.

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

Insiders Place Their Bets

In other news, CEO Aaron Levie sold 15,000 shares of the company's stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $32.81, for a total value of $492,150.00. Following the completion of the sale, the chief executive officer owned 2,937,030 shares in the company, valued at $96,363,954.30. This represents a 0.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Dana L. Evan sold 7,590 shares of the company's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $33.51, for a total value of $254,340.90. Following the sale, the director directly owned 115,725 shares of the company's stock, valued at approximately $3,877,944.75. This represents a 6.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 102,752 shares of company stock valued at $3,395,069. 3.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

BOX has been the topic of a number of research reports. DA Davidson set a $45.00 target price on shares of BOX and gave the stock a "buy" rating in a research report on Wednesday, May 28th. UBS Group lowered shares of BOX from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $42.00 to $36.00 in a research report on Thursday. Raymond James Financial reaffirmed an "outperform" rating and set a $42.00 price target on shares of BOX in a report on Wednesday, August 27th. Wall Street Zen downgraded BOX from a "buy" rating to a "hold" rating in a report on Sunday, June 29th. Finally, Citigroup increased their price target on BOX from $39.00 to $40.00 and gave the stock a "buy" rating in a report on Wednesday, August 27th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, BOX 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.