Madison Asset Management LLC purchased a new position in Box, Inc. (NYSE:BOX - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 136,011 shares of the software maker's stock, valued at approximately $3,610,000. Madison Asset Management LLC owned approximately 0.10% of BOX at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its holdings in BOX by 823,134.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,054,200 shares of the software maker's stock worth $91,351,000 after buying an additional 3,053,829 shares during the last quarter. Norges Bank purchased a new stake in shares of BOX during the fourth quarter valued at approximately $58,814,000. Qube Research & Technologies Ltd increased its position in shares of BOX by 240.6% during the second quarter. Qube Research & Technologies Ltd now owns 1,210,237 shares of the software maker's stock valued at $41,354,000 after acquiring an additional 854,953 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of BOX during the second quarter valued at approximately $22,626,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in BOX by 15.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,511,258 shares of the software maker's stock worth $134,932,000 after acquiring an additional 604,946 shares during the last quarter. 86.74% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at BOX
In related news, CFO Dylan C. Smith sold 17,000 shares of BOX stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $26.00, for a total value of $442,000.00. Following the completion of the sale, the chief financial officer owned 1,364,049 shares of the company's stock, valued at $35,465,274. The trade was a 1.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Aaron Levie sold 15,000 shares of the company's stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $24.32, for a total value of $364,800.00. Following the sale, the chief executive officer owned 2,874,673 shares of the company's stock, valued at approximately $69,912,047.36. This trade represents a 0.52% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 77,996 shares of company stock valued at $2,116,005. Corporate insiders own 3.99% of the company's stock.
BOX Stock Down 0.8%
Shares of BOX stock opened at $32.87 on Friday. Box, Inc. has a twelve month low of $21.34 and a twelve month high of $33.88. The company's 50 day moving average is $29.38 and its 200 day moving average is $26.20. The company has a market cap of $4.55 billion, a price-to-earnings ratio of 50.57, a price-to-earnings-growth ratio of 11.69 and a beta of 0.73.
BOX (NYSE:BOX - Get Free Report) last posted its earnings results on Tuesday, May 26th. The software maker reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.01. The business had revenue of $305.94 million during the quarter, compared to the consensus estimate of $304.39 million. BOX had a net margin of 10.35% and a negative return on equity of 24.19%. The firm's revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous 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. Sell-side analysts expect that Box, Inc. will post 0.31 EPS for the current fiscal year.
Analyst Ratings Changes
Several equities analysts recently issued reports on the company. UBS Group upped their price objective on BOX from $28.00 to $29.00 and gave the company a "neutral" rating in a research report on Wednesday, May 27th. Citigroup boosted their price target on BOX from $36.00 to $37.00 and gave the stock a "buy" rating in a research note on Wednesday, May 27th. Wall Street Zen downgraded BOX from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 9th. Weiss Ratings raised BOX from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, July 23rd. Finally, DA Davidson reiterated a "buy" rating and issued a $45.00 price objective on shares of BOX in a report on Wednesday, May 27th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, BOX has an average rating of "Hold" and a consensus target price of $35.33.
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About BOX
(
Free Report)
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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