Triasima Portfolio Management inc. Acquires New Shares in Box, Inc. $BOX

Key Points

• Triasima Portfolio Management acquired 98,086 Box shares worth approximately $3.28 million, taking a roughly 0.07% stake. Institutional investors collectively own 86.74% of BOX.
• Analyst sentiment is mixed, with three Buy, four Hold and one Sell rating; the consensus rating is Hold with a $37.80 price target.
• Box reported quarterly revenue of $321.15 million, up 9.2% year over year, and earnings per share of $0.40, matching estimates. The stock opened at $39.49, near its 52-week high of $39.64.

Triasima Portfolio Management inc. acquired a new position in Box, Inc. (NYSE:BOX - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm acquired 98,086 shares of the software maker's stock, valued at approximately $3,284,000. Triasima Portfolio Management inc. owned about 0.07% of BOX as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership raised its holdings in shares of BOX by 9.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,918,991 shares of the software maker's stock valued at $116,285,000 after acquiring an additional 407,733 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in BOX by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,674,883 shares of the software maker's stock valued at $63,232,000 after acquiring an additional 13,983 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in BOX by 74.9% in the first quarter. Janus Henderson Group PLC now owns 1,147,381 shares of the software maker's stock valued at $27,141,000 after acquiring an additional 491,505 shares in the last quarter. Fort Washington Investment Advisors Inc. OH increased its position in BOX by 4.4% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 1,029,407 shares of the software maker's stock valued at $24,335,000 after purchasing an additional 43,520 shares during the period. Finally, Principal Financial Group Inc. increased its position in BOX by 10.2% during the 1st quarter. Principal Financial Group Inc. now owns 1,010,921 shares of the software maker's stock valued at $23,898,000 after purchasing an additional 93,516 shares during the period. 86.74% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, COO Olivia Nottebohm sold 5,834 shares of the business's stock in a transaction on Friday, August 7th. The shares were sold at an average price of $32.31, for a total transaction of $188,496.54. Following the sale, the chief operating officer owned 513,382 shares in the company, valued at approximately $16,587,372.42. The trade was a 1.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Eli Berkovitch sold 3,850 shares of the company's stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $35.99, for a total transaction of $138,561.50. Following the completion of the sale, the vice president directly owned 105,404 shares in the company, valued at $3,793,489.96. This represents a 3.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 75,969 shares of company stock valued at $2,622,935 in the last 90 days. Corporate insiders own 3.99% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Morgan Stanley upped their price objective on shares of BOX from $33.00 to $36.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 26th. Wall Street Zen lowered shares of BOX from a "buy" rating to a "hold" rating in a research note on Sunday, October 4th. Bank of America reaffirmed a "buy" rating on shares of BOX in a research note on Wednesday, August 26th. UBS Group boosted their price target on shares of BOX from $29.00 to $37.00 and gave the company a "neutral" rating in a research report on Wednesday, August 26th. Finally, DA Davidson boosted their price target on shares of BOX from $45.00 to $50.00 and gave the company a "buy" rating in a research report on Wednesday, August 26th. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $37.80.

BOX Stock Performance

Shares of NYSE:BOX opened at $39.49 on Friday. Box, Inc. has a 52-week low of $21.34 and a 52-week high of $39.64. The firm has a market capitalization of $5.42 billion, a P/E ratio of 57.24, a P/E/G ratio of 12.41 and a beta of 0.72. The stock has a 50 day moving average price of $34.27 and a 200-day moving average price of $29.17.

BOX (NYSE:BOX - Get Free Report) last released its earnings results on Tuesday, August 25th. The software maker reported $0.40 EPS for the quarter, meeting analysts' consensus estimates of $0.40. BOX had a negative return on equity of 20.97% and a net margin of 10.59%. The company had revenue of $321.15 million during the quarter, compared to analysts' expectations of $319.33 million. During the same quarter last year, the business posted $0.33 EPS. The firm's revenue for the quarter was up 9.2% compared to the same quarter last year. BOX has set its Q3 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.540-1.540 EPS. On average, equities analysts forecast that Box, Inc. will post 0.32 EPS for the current fiscal year.

BOX Profile

Box, Inc provides cloud-based content management and file-sharing services for businesses and other organizations. Its platform, known as Box Content Cloud, enables users to securely store, access, share and collaborate on documents and other digital content from connected devices.

The company's services include tools for workflow automation, electronic signatures, content governance, security, compliance and collaboration. Box also offers integrations with widely used business applications, helping organizations manage content across their existing technology environments.

Box was founded in 2005 by Aaron Levie, Dylan Smith, Sam Ghods and Jeff Queisser.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.