Voya Investment Management LLC Acquires 54,668 Shares of Box, Inc. $BOX

Key Points

• Voya Investment Management LLC increased its holdings in Box, Inc. by 16.3%, acquiring an additional 54,668 shares and now owning a total of 390,661 shares worth approximately $12 million.
• Box, Inc. reported earnings of $0.33 per share for the last quarter, exceeding expectations and showing an 8.9% year-over-year revenue growth to $294 million.
• Institutional investors now hold 86.74% of Box, with various firms increasing their stakes, indicating strong interest in the company's performance and prospects.

Voya Investment Management LLC grew its position in Box, Inc. (NYSE:BOX - Free Report) by 16.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 390,661 shares of the software maker's stock after buying an additional 54,668 shares during the quarter. Voya Investment Management LLC owned 0.27% of BOX worth $12,056,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Gotham Asset Management LLC bought a new stake in shares of BOX in the 4th quarter valued at $307,000. Quantinno Capital Management LP bought a new stake in shares of BOX in the 4th quarter valued at $289,000. ProShare Advisors LLC boosted its stake in shares of BOX by 42.5% in the 4th quarter. ProShare Advisors LLC now owns 43,308 shares of the software maker's stock valued at $1,369,000 after purchasing an additional 12,924 shares during the last quarter. Rafferty Asset Management LLC boosted its stake in shares of BOX by 5.8% in the 4th quarter. Rafferty Asset Management LLC now owns 26,128 shares of the software maker's stock valued at $826,000 after purchasing an additional 1,439 shares during the last quarter. Finally, State of Wyoming bought a new stake in shares of BOX in the 4th quarter valued at $181,000. 86.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BOX has been the topic of several research analyst reports. Raymond James Financial reissued an "outperform" rating and set a $42.00 target price on shares of BOX in a research note on Wednesday, August 27th. JPMorgan Chase & Co. upped their price objective on shares of BOX from $37.00 to $39.00 and gave the stock an "overweight" rating in a report on Wednesday, May 28th. Wall Street Zen downgraded shares of BOX from a "buy" rating to a "hold" rating in a 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, DA Davidson set a $45.00 target price on shares of BOX and gave the company a "buy" rating in a report on Wednesday, May 28th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.25.

Insider Activity

In related news, Director Dana L. Evan sold 7,590 shares of BOX stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $33.51, for a total value of $254,340.90. Following the transaction, the director directly owned 115,725 shares of the company's stock, valued at $3,877,944.75. The trade was a 6.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Dylan C. Smith sold 51,000 shares of BOX stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $32.83, for a total transaction of $1,674,330.00. Following the completion of the transaction, the chief financial officer directly owned 1,480,732 shares in the company, valued at approximately $48,612,431.56. The trade was a 3.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 102,752 shares of company stock valued at $3,395,069. Insiders own 3.90% of the company's stock.

BOX Trading Down 0.5%

Shares of BOX stock traded down $0.16 during trading hours on Friday, reaching $32.14. The stock had a trading volume of 3,327,873 shares, compared to its average volume of 2,185,933. The stock's fifty day simple moving average is $32.24 and its 200 day simple moving average is $32.35. The firm has a market capitalization of $4.66 billion, a PE ratio of 25.92 and a beta of 0.95. Box, Inc. has a 12 month low of $28.00 and a 12 month high of $38.80.

BOX (NYSE:BOX - Get Free Report) last announced its earnings results on Tuesday, August 26th. The software maker reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.02. The business had revenue of $294.00 million for the quarter, compared to the consensus estimate of $290.19 million. BOX had a net margin of 20.30% and a negative return on equity of 21.77%. BOX's quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the firm posted $0.44 earnings per share. BOX has set its FY 2026 guidance at 1.260-1.28 EPS. Q3 2026 guidance at 0.310-0.32 EPS. As a group, equities research analysts anticipate that Box, Inc. will post 0.27 EPS for the current fiscal year.

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.