Northern Trust Corp Sells 28,481 Shares of Box, Inc. $BOX

Key Points

• Northern Trust Corp reduced its stake in Box, Inc. by 1.7%, now owning approximately 1.13% of the company, valued at $50.26 million.
• Multiple hedge funds increased their positions in Box during the first quarter, with TCTC Holdings LLC growing their stake by 115.4%.
• Box reported earnings of $0.33 per share, exceeding analyst expectations of $0.31, with revenue up 8.9% compared to the previous year.

Northern Trust Corp lessened its stake in Box, Inc. (NYSE:BOX - Free Report) by 1.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,628,646 shares of the software maker's stock after selling 28,481 shares during the quarter. Northern Trust Corp owned 1.13% of BOX worth $50,260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of BOX. Caisse DE Depot ET Placement DU Quebec raised its position in shares of BOX by 219.4% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 420,907 shares of the software maker's stock worth $13,301,000 after purchasing an additional 289,112 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of BOX by 126.0% in the 4th quarter. Janus Henderson Group PLC now owns 487,387 shares of the software maker's stock worth $15,399,000 after purchasing an additional 271,745 shares during the last quarter. Freestone Grove Partners LP purchased a new position in shares of BOX in the 4th quarter worth about $8,551,000. Edgestream Partners L.P. raised its position in shares of BOX by 248.8% in the 1st quarter. Edgestream Partners L.P. now owns 294,887 shares of the software maker's stock worth $9,100,000 after purchasing an additional 210,350 shares during the last quarter. Finally, Congress Asset Management Co. raised its position in shares of BOX by 11.2% in the 1st quarter. Congress Asset Management Co. now owns 1,846,069 shares of the software maker's stock worth $56,970,000 after purchasing an additional 186,423 shares during the last quarter. Hedge funds and other institutional investors own 86.74% of the company's stock.

Analysts Set New Price Targets

BOX has been the subject of a number of recent analyst reports. Morgan Stanley reissued a "positive" rating on shares of BOX in a research report on Wednesday, May 28th. Citigroup boosted their target price on BOX from $39.00 to $40.00 and gave the stock a "buy" rating in a research report on Wednesday, August 27th. UBS Group boosted their target price on BOX from $40.00 to $42.00 and gave the stock a "buy" rating in a research report on Wednesday, August 27th. JPMorgan Chase & Co. boosted their target price on BOX from $37.00 to $39.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 28th. Finally, Zacks Research raised BOX from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $39.00.

Insider Buying and Selling at BOX

In other news, Director Dana L. Evan sold 7,590 shares of BOX stock in a transaction on 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 $3,877,944.75. This trade represents a 6.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Bethany Mayer sold 5,123 shares of BOX 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 transaction, the director owned 15,284 shares in the company, valued at $520,573.04. This represents a 25.10% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,081 shares of company stock worth $1,762,323. Insiders own 3.90% of the company's stock.

BOX Stock Performance

Shares of NYSE BOX traded down $0.49 during midday trading on Tuesday, hitting $32.14. 2,395,336 shares of the company's stock traded hands, compared to its average volume of 2,085,274. Box, Inc. has a 1 year low of $28.00 and a 1 year high of $38.80. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of 25.92 and a beta of 0.95. The firm has a fifty day moving average of $32.46 and a 200 day moving average of $32.44.

BOX (NYSE:BOX - Get Free Report) last released its quarterly 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. The firm 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 21.77%. The business's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. On average, equities analysts anticipate that Box, Inc. will post 0.27 earnings per share for the current year.

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.