Jupiter Asset Management Ltd. Buys New Shares in Box, Inc. $BOX

Jupiter Asset Management Ltd. bought a new stake in Box, Inc. (NYSE:BOX) during the 4th quarter, HoldingsChannel reports. The firm bought 20,607 shares of the software maker’s stock, valued at approximately $616,000.

Several other hedge funds and other institutional investors have also bought and sold shares of BOX. Woodline Partners LP lifted its holdings in BOX by 16.4% in the first quarter. Woodline Partners LP now owns 17,800 shares of the software maker’s stock valued at $549,000 after buying an additional 2,506 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in BOX by 7.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 477,822 shares of the software maker’s stock valued at $14,746,000 after buying an additional 32,726 shares during the period. Geneos Wealth Management Inc. acquired a new position in BOX in the first quarter valued at $31,000. Sivia Capital Partners LLC acquired a new position in BOX in the second quarter valued at $484,000. Finally, Invesco Ltd. lifted its holdings in BOX by 101.1% in the second quarter. Invesco Ltd. now owns 1,141,603 shares of the software maker’s stock valued at $39,009,000 after buying an additional 573,817 shares during the period. Institutional investors and hedge funds own 86.74% of the company’s stock.

BOX Trading Up 0.0%

Shares of NYSE BOX opened at $26.97 on Monday. The firm’s 50-day moving average price is $24.28 and its 200-day moving average price is $26.33. Box, Inc. has a 1-year low of $21.34 and a 1-year high of $38.80. The firm has a market capitalization of $3.73 billion, a P/E ratio of 41.49, a P/E/G ratio of 1.37 and a beta of 0.74.

BOX (NYSE:BOX) last announced its quarterly earnings data on Tuesday, May 26th. The software maker reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.01. BOX had a net margin of 10.35% and a negative return on equity of 24.19%. The firm had revenue of $305.94 million for the quarter, compared to analyst estimates of $304.39 million. During the same quarter in the prior year, the business earned $0.30 earnings per share. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. BOX has set its Q2 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.560-1.560 EPS. Equities research analysts forecast that Box, Inc. will post 0.34 EPS for the current year.

BOX announced that its board has authorized a share buyback program on Thursday, March 19th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the software maker to buy up to 14.2% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In related news, CFO Dylan C. Smith sold 23,720 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $24.96, for a total value of $592,051.20. Following the sale, the chief financial officer owned 1,381,049 shares in the company, valued at $34,470,983.04. This represents a 1.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Eli Berkovitch sold 6,300 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $25.36, for a total transaction of $159,768.00. Following the completion of the sale, the vice president owned 115,679 shares in the company, valued at $2,933,619.44. This represents a 5.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 143,386 shares of company stock worth $3,505,620 over the last ninety days. Insiders own 3.99% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on BOX shares. Citigroup boosted their target price on shares of BOX from $36.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday. Wall Street Zen lowered shares of BOX from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings upgraded shares of BOX from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Morgan Stanley dropped their price objective on shares of BOX from $38.00 to $33.00 and set an “equal weight” rating on the stock in a report on Thursday, March 12th. Finally, UBS Group upped their price objective on shares of BOX from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $35.33.

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.