Russell Investments Group Ltd. Decreases Stock Holdings in Box, Inc. $BOX

Key Points

• Russell Investments Group Ltd. has reduced its stake in Box, Inc. by 36.2%, now holding approximately 0.24% of the company, valued at $10.76 million.
• Several institutional investors have increased their positions in Box, with notable increases including TCTC Holdings LLC up by 115.4% and Versant Capital Management Inc. up by 519.4% in the first quarter.
• Box, Inc. reported a quarterly earnings per share of $0.30, exceeding expectations and reflecting a 4.4% increase in revenue compared to the same quarter last year.

Russell Investments Group Ltd. lessened its position in Box, Inc. (NYSE:BOX - Free Report) by 36.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 346,907 shares of the software maker's stock after selling 196,954 shares during the period. Russell Investments Group Ltd. owned 0.24% of BOX worth $10,762,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the stock. Earnest Partners LLC boosted its stake in shares of BOX by 2.1% during the 4th quarter. Earnest Partners LLC now owns 7,896,931 shares of the software maker's stock valued at $249,543,000 after purchasing an additional 162,437 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of BOX by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,610,450 shares of the software maker's stock valued at $82,492,000 after purchasing an additional 11,376 shares in the last quarter. Congress Asset Management Co. boosted its stake in shares of BOX by 11.2% during the 1st quarter. Congress Asset Management Co. now owns 1,846,069 shares of the software maker's stock valued at $56,970,000 after purchasing an additional 186,423 shares in the last quarter. Northern Trust Corp boosted its stake in shares of BOX by 7.4% during the 4th quarter. Northern Trust Corp now owns 1,657,127 shares of the software maker's stock valued at $52,365,000 after purchasing an additional 113,822 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of BOX by 18.2% during the 4th quarter. First Trust Advisors LP now owns 1,366,007 shares of the software maker's stock valued at $43,166,000 after purchasing an additional 210,002 shares in the last quarter. Institutional investors own 86.74% of the company's stock.

BOX Price Performance

NYSE BOX traded up $0.6170 during trading hours on Friday, reaching $31.7970. 1,576,592 shares of the company's stock traded hands, compared to its average volume of 1,895,717. Box, Inc. has a 52-week low of $28.00 and a 52-week high of $38.80. The firm has a market cap of $4.57 billion, a PE ratio of 24.65 and a beta of 0.96. The firm has a 50-day simple moving average of $32.92 and a 200 day simple moving average of $32.59.

BOX (NYSE:BOX - Get Free Report) last issued its earnings results on Tuesday, May 27th. The software maker reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.05. The business had revenue of $276.27 million during the quarter, compared to analysts' expectations of $274.77 million. BOX had a net margin of 21.38% and a negative return on equity of 20.17%. The business's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.39 earnings per share. BOX has set its FY 2026 guidance at 1.220-1.260 EPS. Q2 2026 guidance at 0.300-0.310 EPS. Sell-side analysts forecast that Box, Inc. will post 0.27 EPS for the current fiscal year.

Insiders Place Their Bets

In other BOX news, CEO Aaron Levie sold 15,000 shares of BOX stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $33.35, for a total value of $500,250.00. Following the completion of the transaction, the chief executive officer directly owned 2,952,030 shares of the company's stock, valued at approximately $98,450,200.50. The trade was a 0.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Eli Berkovitch sold 5,924 shares of BOX stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $37.70, for a total transaction of $223,334.80. Following the completion of the transaction, the vice president directly owned 138,770 shares of the company's stock, valued at $5,231,629. This trade represents a 4.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 94,504 shares of company stock valued at $3,363,371. 3.90% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BOX. Morgan Stanley reaffirmed a "positive" rating on shares of BOX in a research note on Wednesday, May 28th. UBS Group raised shares of BOX from a "buy" rating to a "strong-buy" rating and lifted their target price for the company from $37.00 to $40.00 in a research note on Wednesday, May 28th. Raymond James Financial reaffirmed an "outperform" rating and set a $42.00 target price (up previously from $38.00) on shares of BOX in a research note on Wednesday, May 28th. JPMorgan Chase & Co. lifted their price target on shares of BOX from $37.00 to $39.00 and gave the company an "overweight" rating in a research report on Wednesday, May 28th. Finally, Wall Street Zen cut shares of BOX from a "buy" rating to a "hold" rating in a research report on Sunday, June 29th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.50.

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.