Burney Co. Trims Position in Box, Inc. $BOX

Burney Co. lowered its position in shares of Box, Inc. (NYSE:BOX) by 44.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,870 shares of the software maker’s stock after selling 9,322 shares during the quarter. Burney Co.’s holdings in BOX were worth $406,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. TCTC Holdings LLC grew its position in shares of 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 purchasing an additional 442 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in shares of BOX by 7,130.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 723 shares of the software maker’s stock worth $25,000 after purchasing an additional 713 shares during the period. Geneos Wealth Management Inc. purchased a new position in shares of BOX in the 1st quarter worth about $31,000. Ameritas Advisory Services LLC acquired a new position in shares of BOX in the 2nd quarter valued at about $41,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of BOX by 692.8% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,316 shares of the software maker’s stock worth $45,000 after purchasing an additional 1,150 shares during the period. 86.74% of the stock is currently owned by institutional investors and hedge funds.

BOX Trading Down 0.4%

NYSE BOX opened at $31.39 on Thursday. The stock has a market cap of $4.55 billion, a P/E ratio of 25.31 and a beta of 0.87. The company’s fifty day simple moving average is $32.58 and its 200-day simple moving average is $32.82. Box, Inc. has a 52 week low of $28.00 and a 52 week high of $38.80.

BOX (NYSE:BOX) last released its quarterly 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. BOX had a net margin of 20.30% and a negative return on equity of 21.77%. The business had revenue of $294.00 million during the quarter, compared to analyst estimates of $290.19 million. During the same period last year, the business earned $0.44 EPS. The business’s revenue 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. On average, research analysts expect that Box, Inc. will post 0.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BOX has been the subject of a number of research analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of BOX in a research report on Wednesday, October 8th. UBS Group downgraded shares of BOX from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $42.00 to $36.00 in a research note on Thursday, September 18th. Zacks Research lowered shares of BOX from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Citigroup lifted their target price on shares of BOX from $39.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, August 27th. Finally, Royal Bank Of Canada upped their price target on shares of BOX from $24.00 to $26.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 27th. Eight equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $38.25.

Insiders Place Their Bets

In related news, COO Olivia Nottebohm sold 4,612 shares of the stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $33.09, for a total value of $152,611.08. Following the completion of the transaction, the chief operating officer owned 502,251 shares of the company’s stock, valued at approximately $16,619,485.59. This represents a 0.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Aaron Levie sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $32.81, for a total value of $492,150.00. Following the sale, the chief executive officer owned 2,937,030 shares of the company’s stock, valued at approximately $96,363,954.30. This trade represents a 0.51% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 102,737 shares of company stock valued at $3,373,709. Insiders own 3.90% of the company’s stock.

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.