Royal Bank of Canada Has $19.69 Million Stock Position in Box, Inc. $BOX

Key Points

• Royal Bank of Canada has increased its stake in Box, Inc. by 8.5%, owning a total of 638,062 shares valued at approximately $19.69 million.
• Several hedge funds, including Sunriver Management LLC and RGM Capital LLC, have also significantly raised their positions in Box, indicating increased institutional interest in the company.
• Box, Inc. reported earnings of $0.33 per share for its most recent quarter, surpassing expectations, with revenues rising 8.9% year-over-year to $294 million.

Royal Bank of Canada raised its position in shares of Box, Inc. (NYSE:BOX - Free Report) by 8.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 638,062 shares of the software maker's stock after purchasing an additional 49,758 shares during the period. Royal Bank of Canada owned 0.44% of BOX worth $19,690,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cerity Partners LLC acquired a new position in BOX during the 1st quarter valued at about $1,395,000. Sunriver Management LLC boosted its stake in BOX by 62.9% during the 1st quarter. Sunriver Management LLC now owns 1,546,862 shares of the software maker's stock valued at $47,736,000 after purchasing an additional 597,410 shares during the period. SG Americas Securities LLC boosted its stake in BOX by 420.1% during the 1st quarter. SG Americas Securities LLC now owns 30,067 shares of the software maker's stock valued at $928,000 after purchasing an additional 24,286 shares during the period. Quantinno Capital Management LP acquired a new position in BOX during the 4th quarter valued at about $289,000. Finally, GAMMA Investing LLC boosted its stake in BOX by 8,676.2% during the 1st quarter. GAMMA Investing LLC now owns 127,606 shares of the software maker's stock valued at $4,135,000 after purchasing an additional 126,152 shares during the period. 86.74% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at BOX

In other BOX news, Director Bethany Mayer sold 5,123 shares of the company's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $34.06, for a total value of $174,489.38. Following the transaction, the director owned 15,284 shares in the company, valued at approximately $520,573.04. This represents a 25.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Eli Berkovitch sold 3,000 shares of the company's stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $33.34, for a total transaction of $100,020.00. Following the completion of the transaction, the vice president owned 133,867 shares in the company, valued at approximately $4,463,125.78. This represents a 2.19% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 102,752 shares of company stock worth $3,395,069. 3.90% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. DA Davidson set a $45.00 price target on shares of BOX and gave the stock a "buy" rating in a research note on Wednesday, May 28th. Citigroup upped their price target on shares of BOX from $39.00 to $40.00 and gave the stock a "buy" rating in a research note on Wednesday, August 27th. Zacks Research raised shares of BOX from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 28th. Morgan Stanley reaffirmed a "positive" rating on shares of BOX in a research note on Wednesday, May 28th. Finally, UBS Group upped their price target on shares of BOX from $40.00 to $42.00 and gave the stock a "buy" rating in a research note on Wednesday, August 27th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $39.00.

BOX Stock Up 0.0%

Shares of BOX stock traded up $0.01 during trading hours on Monday, reaching $32.47. 1,301,089 shares of the stock traded hands, compared to its average volume of 2,230,855. Box, Inc. has a 1-year low of $28.00 and a 1-year high of $38.80. The business has a fifty day moving average price of $32.31 and a 200 day moving average price of $32.36. The firm has a market capitalization of $4.70 billion, a PE ratio of 26.18 and a beta of 0.95.

BOX (NYSE:BOX - Get Free Report) last released its quarterly earnings results on Tuesday, August 26th. The software maker reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.02. BOX had a net margin of 20.30% and a negative return on equity of 21.77%. The business had revenue of $294.00 million for the quarter, compared to analyst estimates of $290.19 million. During the same quarter in the previous year, the business earned $0.44 earnings per share. The firm's revenue 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 earnings per share for the current fiscal year.

BOX 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.