UniSuper Management Pty Ltd Purchases New Shares in Box, Inc. $BOX

Key Points

• UniSuper Management Pty Ltd has acquired a new stake in Box, Inc., purchasing 37,443 shares valued at approximately $1.155 million.
• A significant portion of Box, Inc.'s stock, 86.74%, is owned by institutional investors and hedge funds, indicating strong institutional interest.
• Box, Inc. reported an earnings per share (EPS) of $0.33 for the last quarter, exceeding analysts’ expectations and showcasing a 8.9% revenue growth year-over-year.

UniSuper Management Pty Ltd bought a new stake in Box, Inc. (NYSE:BOX - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 37,443 shares of the software maker's stock, valued at approximately $1,155,000.

Several other institutional investors have also added to or reduced their stakes in BOX. TCTC Holdings LLC boosted its holdings in BOX by 115.4% in the first quarter. TCTC Holdings LLC now owns 825 shares of the software maker's stock valued at $25,000 after acquiring an additional 442 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in BOX by 332.5% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 865 shares of the software maker's stock valued at $27,000 after acquiring an additional 665 shares during the last quarter. MorganRosel Wealth Management LLC bought a new stake in BOX in the first quarter valued at approximately $31,000. Versant Capital Management Inc boosted its holdings in BOX by 519.4% in the first quarter. Versant Capital Management Inc now owns 1,951 shares of the software maker's stock valued at $60,000 after acquiring an additional 1,636 shares during the last quarter. Finally, Covestor Ltd boosted its holdings in BOX by 29.9% in the first quarter. Covestor Ltd now owns 2,142 shares of the software maker's stock valued at $66,000 after acquiring an additional 493 shares during the last quarter. 86.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BOX. UBS Group upped their target price on BOX from $40.00 to $42.00 and gave the company a "buy" rating in a report on Wednesday, August 27th. Raymond James Financial restated an "outperform" rating and set a $42.00 price target on shares of BOX in a report on Wednesday, August 27th. DA Davidson set a $45.00 price target on BOX and gave the stock a "buy" rating in a report on Wednesday, May 28th. Zacks Research upgraded BOX from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 28th. Finally, Royal Bank Of Canada increased their price target on BOX from $24.00 to $26.00 and gave the stock an "underperform" rating in a report on Wednesday, August 27th. One investment 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $39.00.

Insider Activity at BOX

In other news, CEO Aaron Levie sold 15,000 shares of the company's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $32.81, for a total transaction of $492,150.00. Following the transaction, the chief executive officer directly owned 2,937,030 shares of the company's stock, valued at $96,363,954.30. This represents a 0.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Eli Berkovitch sold 3,000 shares of the company's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $33.34, for a total value of $100,020.00. Following the transaction, the vice president directly owned 133,867 shares in the company, valued at $4,463,125.78. The trade was a 2.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,752 shares of company stock valued at $3,395,069 over the last three months. 3.90% of the stock is currently owned by company insiders.

BOX Price Performance

Shares of NYSE:BOX traded up $0.01 during trading on Tuesday, reaching $32.52. 1,313,318 shares of the stock were exchanged, compared to its average volume of 2,244,001. Box, Inc. has a 1-year low of $28.00 and a 1-year high of $38.80. The stock has a fifty day moving average of $32.29 and a two-hundred day moving average of $32.36. The firm has a market cap of $4.71 billion, a price-to-earnings ratio of 26.23 and a beta of 0.95.

BOX (NYSE:BOX - Get Free Report) last issued its earnings results on Tuesday, August 26th. The software maker reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.02. BOX had a negative return on equity of 21.77% and a net margin of 20.30%.The company had revenue of $294.00 million for the quarter, compared to analyst estimates of $290.19 million. During the same period in the prior year, the firm earned $0.44 earnings per share. BOX's revenue for the quarter was up 8.9% on a year-over-year basis. BOX has set its FY 2026 guidance at 1.260-1.28 EPS. Q3 2026 guidance at 0.310-0.32 EPS. Sell-side analysts forecast that Box, Inc. will post 0.27 EPS for the current year.

About BOX

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.