Voya Investment Management LLC Has $12.06 Million Position in 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 increased its position in shares of Box, Inc. (NYSE:BOX - Free Report) by 16.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 390,661 shares of the software maker's stock after purchasing an additional 54,668 shares during the quarter. Voya Investment Management LLC owned 0.27% of BOX worth $12,056,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of BOX. Gotham Asset Management LLC bought a new stake in BOX during the fourth quarter worth about $307,000. Quantinno Capital Management LP bought a new stake in BOX during the fourth quarter worth about $289,000. ProShare Advisors LLC lifted its holdings in shares of BOX by 42.5% in the fourth quarter. ProShare Advisors LLC now owns 43,308 shares of the software maker's stock worth $1,369,000 after acquiring an additional 12,924 shares during the last quarter. Rafferty Asset Management LLC lifted its holdings in shares of BOX by 5.8% in the fourth quarter. Rafferty Asset Management LLC now owns 26,128 shares of the software maker's stock worth $826,000 after acquiring an additional 1,439 shares during the last quarter. Finally, State of Wyoming bought a new position in shares of BOX in the fourth quarter worth about $181,000. Institutional investors own 86.74% of the company's stock.

Insider Activity at BOX

In other news, CFO Dylan C. Smith sold 51,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $32.83, for a total transaction of $1,674,330.00. Following the completion of the sale, the chief financial officer owned 1,480,732 shares of the company's stock, valued at $48,612,431.56. This trade represents a 3.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Eli Berkovitch sold 3,000 shares of the firm'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 transaction of $100,020.00. Following the sale, the vice president directly owned 133,867 shares of the company's stock, valued at approximately $4,463,125.78. This trade represents a 2.19% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 102,752 shares of company stock worth $3,395,069. Corporate insiders own 3.90% of the company's stock.

BOX Trading Down 0.4%

NYSE:BOX traded down $0.14 on Friday, reaching $32.16. 952,927 shares of the stock traded hands, compared to its average volume of 1,934,610. The firm has a market capitalization of $4.66 billion, a price-to-earnings ratio of 25.92 and a beta of 0.95. The company's 50 day moving average is $32.25 and its 200-day moving average is $32.36. Box, Inc. has a 1-year low of $28.00 and a 1-year high of $38.80.

BOX (NYSE:BOX - Get Free Report) last released 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 during 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%. The company's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.44 EPS. BOX has set its FY 2026 guidance at 1.260-1.28 EPS. Q3 2026 guidance at 0.310-0.32 EPS. On average, equities research analysts forecast that Box, Inc. will post 0.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BOX has been the subject of a number of research reports. Raymond James Financial reissued an "outperform" rating and issued a $42.00 target price on shares of BOX in a report on Wednesday, August 27th. Citigroup increased their target price on shares of BOX from $39.00 to $40.00 and gave the stock a "buy" rating in a report on Wednesday, August 27th. JPMorgan Chase & Co. increased their target price on shares of BOX from $37.00 to $39.00 and gave the stock an "overweight" rating in a report on Wednesday, May 28th. Zacks Research raised shares of BOX from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 28th. Finally, Morgan Stanley reaffirmed a "positive" rating on shares of BOX in a research note on Wednesday, May 28th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $38.25.

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.