Invesco Ltd. Has $17.52 Million Stake in Box, Inc. $BOX

Key Points

• Invesco Ltd. increased its stake in Box, Inc. by 8.3%, owning approximately 0.39% of the company worth $17.5 million after purchasing additional shares.
• Box, Inc. reported earnings of $0.30 per share, surpassing estimates, along with a revenue of $276.27 million, which was above analysts' expectations.
• Several analysts have recently revised Box's price targets, with estimates ranging from $24.00 to $45.00, reflecting varying outlooks on the stock's performance.

Invesco Ltd. lifted its stake in shares of Box, Inc. (NYSE:BOX - Free Report) by 8.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 567,786 shares of the software maker's stock after acquiring an additional 43,355 shares during the quarter. Invesco Ltd. owned 0.39% of BOX worth $17,522,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Beverly Hills Private Wealth LLC boosted its stake in shares of BOX by 3.2% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 11,550 shares of the software maker's stock worth $356,000 after acquiring an additional 362 shares in the last quarter. TCTC Holdings LLC boosted its stake in shares of BOX by 115.4% during the 1st quarter. TCTC Holdings LLC now owns 825 shares of the software maker's stock worth $25,000 after acquiring an additional 442 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in shares of BOX by 1.2% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 40,250 shares of the software maker's stock worth $1,242,000 after acquiring an additional 482 shares in the last quarter. Covestor Ltd boosted its stake in shares of BOX by 29.9% during the 1st quarter. Covestor Ltd now owns 2,142 shares of the software maker's stock worth $66,000 after acquiring an additional 493 shares in the last quarter. Finally, Xponance Inc. boosted its stake in shares of BOX by 3.5% during the 1st quarter. Xponance Inc. now owns 15,029 shares of the software maker's stock worth $464,000 after acquiring an additional 513 shares in the last quarter. 86.74% of the stock is owned by institutional investors.

BOX Stock Up 4.2%

Shares of NYSE:BOX traded up $1.32 during trading on Wednesday, reaching $32.48. 5,660,429 shares of the company traded hands, compared to its average volume of 1,806,499. The firm has a fifty day simple moving average of $32.62 and a 200 day simple moving average of $32.52. The firm has a market cap of $4.67 billion, a P/E ratio of 26.19 and a beta of 0.96. Box, Inc. has a 1-year low of $28.00 and a 1-year high of $38.80.

BOX (NYSE:BOX - Get Free Report) last released its quarterly earnings data on Tuesday, August 26th. The software maker reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.02. The business had revenue of $294.00 million during the quarter, compared to analyst estimates of $290.19 million. BOX had a net margin of 20.30% and a negative return on equity of 20.49%. BOX's quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter 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, research analysts anticipate that Box, Inc. will post 0.27 EPS for the current year.

Analysts Set New Price Targets

BOX has been the topic of several research analyst reports. Raymond James Financial reiterated an "outperform" rating and set a $42.00 price objective on shares of BOX in a research report on Wednesday. JPMorgan Chase & Co. lifted their price objective on shares of BOX from $37.00 to $39.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 28th. DA Davidson set a $45.00 price objective on shares of BOX and gave the stock a "buy" rating in a research report on Wednesday, May 28th. Citigroup lifted their price objective on shares of BOX from $39.00 to $40.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Wall Street Zen cut shares of BOX from a "buy" rating to a "hold" rating in a research report on Sunday, June 29th. Eight research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, BOX presently has a consensus rating of "Moderate Buy" and an average target price of $39.00.

Insider Activity at BOX

In other news, Director Dana L. Evan sold 7,590 shares of the business's stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $33.51, for a total transaction of $254,340.90. Following the transaction, the director owned 115,725 shares in the company, valued at approximately $3,877,944.75. The trade was a 6.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of the company's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $37.23, for a total transaction of $483,990.00. Following the completion of the sale, the chief financial officer directly owned 1,507,550 shares in the company, valued at approximately $56,126,086.50. The trade was a 0.85% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 94,504 shares of company stock worth $3,363,371. 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.