Strs Ohio Invests $349,000 in Box, Inc. $BOX

Key Points

• Strs Ohio has invested $349,000 in Box, Inc. during the first quarter, acquiring 11,300 shares of the software maker's stock.
• Box, Inc. reported earnings of $0.33 per share for the last quarter, exceeding the consensus estimate, with revenue of $294 million, up 8.9% year-over-year.
• Approximately 86.74% of Box, Inc.'s stock is owned by institutional investors, indicating strong confidence from the investment community.

Strs Ohio bought a new stake in Box, Inc. (NYSE:BOX - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 11,300 shares of the software maker's stock, valued at approximately $349,000.

Other institutional investors have also recently bought and sold shares of the company. Geneos Wealth Management Inc. bought a new stake in BOX during the first quarter valued at about $31,000. Intech Investment Management LLC lifted its position in shares of BOX by 29.2% during the 1st quarter. Intech Investment Management LLC now owns 71,596 shares of the software maker's stock worth $2,209,000 after purchasing an additional 16,179 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in BOX by 7.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 477,822 shares of the software maker's stock valued at $14,746,000 after purchasing an additional 32,726 shares during the period. Woodline Partners LP grew its holdings in BOX by 16.4% in the 1st quarter. Woodline Partners LP now owns 17,800 shares of the software maker's stock valued at $549,000 after buying an additional 2,506 shares during the last quarter. Finally, United Services Automobile Association bought a new position in BOX in the 1st quarter worth approximately $283,000. Institutional investors own 86.74% of the company's stock.

BOX Price Performance

Shares of BOX stock opened at $32.40 on Wednesday. The stock's fifty day simple moving average is $32.25 and its 200 day simple moving average is $32.35. Box, Inc. has a one year low of $28.00 and a one year high of $38.80. The firm has a market cap of $4.69 billion, a price-to-earnings ratio of 26.13 and a beta of 0.95.

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, topping the consensus estimate of $0.31 by $0.02. BOX had a negative return on equity of 21.77% and a net margin of 20.30%.The firm had revenue of $294.00 million during the quarter, compared to analyst estimates of $290.19 million. During the same period in the prior year, the company posted $0.44 earnings per share. The business's revenue for the quarter 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. On average, research analysts anticipate that Box, Inc. will post 0.27 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada increased their price objective on BOX from $24.00 to $26.00 and gave the company an "underperform" rating in a research report on Wednesday, August 27th. Citigroup upped their target price on shares of BOX from $39.00 to $40.00 and gave the company a "buy" rating in a research note on Wednesday, August 27th. Wall Street Zen lowered shares of BOX from a "buy" rating to a "hold" rating in a research report on Sunday, June 29th. Zacks Research upgraded shares of BOX from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 28th. Finally, UBS Group lowered BOX from a "buy" rating to a "neutral" rating and lowered their price target for the company from $42.00 to $36.00 in a research note on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $38.25.

Insider Activity at BOX

In other BOX news, VP Eli Berkovitch sold 3,000 shares of the firm's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $33.34, for a total value of $100,020.00. Following the completion of the sale, the vice president owned 133,867 shares in the company, valued at approximately $4,463,125.78. This trade represents a 2.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Dana L. Evan sold 7,590 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director directly owned 115,725 shares of the company's stock, valued at approximately $3,877,944.75. This represents a 6.15% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 100,739 shares of company stock valued at $3,325,419. 3.90% of the stock is currently owned by company insiders.

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.

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