Natixis Advisors LLC Sells 62,258 Shares of Box, Inc. $BOX

Natixis Advisors LLC trimmed its holdings in Box, Inc. (NYSE:BOX) by 9.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 620,057 shares of the software maker’s stock after selling 62,258 shares during the quarter. Natixis Advisors LLC’s holdings in BOX were worth $18,546,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Norges Bank bought a new position in shares of BOX in the fourth quarter valued at about $58,814,000. Fideuram Asset Management Ireland dac bought a new position in shares of BOX in the fourth quarter valued at about $2,355,000. Jupiter Asset Management Ltd. bought a new position in shares of BOX in the fourth quarter valued at about $616,000. Hantz Financial Services Inc. raised its holdings in shares of BOX by 337.7% in the fourth quarter. Hantz Financial Services Inc. now owns 2,018 shares of the software maker’s stock valued at $60,000 after buying an additional 1,557 shares during the last quarter. Finally, Legato Capital Management LLC bought a new position in shares of BOX in the fourth quarter valued at about $443,000. 86.74% of the stock is owned by institutional investors.

BOX Price Performance

Shares of NYSE BOX opened at $26.67 on Friday. The stock’s fifty day moving average price is $24.61 and its two-hundred day moving average price is $26.20. Box, Inc. has a one year low of $21.34 and a one year high of $38.04. The firm has a market cap of $3.69 billion, a price-to-earnings ratio of 41.03, a P/E/G ratio of 1.59 and a beta of 0.74.

BOX (NYSE:BOX) last issued its quarterly earnings data on Tuesday, May 26th. The software maker reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. BOX had a negative return on equity of 24.19% and a net margin of 10.35%.The firm had revenue of $305.94 million for the quarter, compared to analyst estimates of $304.39 million. During the same period in the prior year, the firm posted $0.30 EPS. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. BOX has set its Q2 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.560-1.560 EPS. On average, equities analysts anticipate that Box, Inc. will post 0.29 earnings per share for the current fiscal year.

BOX declared that its board has approved a stock repurchase plan on Thursday, March 19th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the software maker to repurchase up to 14.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

BOX has been the subject of a number of research analyst reports. Weiss Ratings raised BOX from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. DA Davidson restated a “buy” rating and set a $45.00 target price on shares of BOX in a research report on Wednesday, May 27th. William Blair reiterated a “market perform” rating on shares of BOX in a research report on Monday, March 23rd. Wall Street Zen lowered BOX from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Morgan Stanley cut their target price on BOX from $38.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 12th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $35.33.

Insider Activity at BOX

In other news, VP Eli Berkovitch sold 6,300 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $25.36, for a total transaction of $159,768.00. Following the sale, the vice president directly owned 115,679 shares of the company’s stock, valued at approximately $2,933,619.44. This represents a 5.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Aaron Levie sold 15,000 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $24.72, for a total value of $370,800.00. Following the sale, the chief executive officer directly owned 2,907,030 shares in the company, valued at approximately $71,861,781.60. This trade represents a 0.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 138,774 shares of company stock worth $3,386,722 in the last quarter. 3.99% of the stock is currently owned by corporate insiders.

BOX Company Profile

Box, Inc is a leading provider of cloud content management and file sharing solutions designed to support enterprises in securely managing, accessing and collaborating on digital content from anywhere. The company offers a unified platform that enables organizations to store, share and automate workflows across various departments, enhancing productivity and ensuring governance over sensitive information. Box’s services are tailored to meet the needs of industries such as healthcare, financial services, government and media, where compliance and data security are paramount.

The core offerings of Box include its Content Cloud platform, which provides content collaboration, workflow automation, data classification and secure file sharing.