Madison Asset Management LLC Invests $3.61 Million in Box, Inc. $BOX

Madison Asset Management LLC acquired a new stake in shares of Box, Inc. (NYSE:BOX) in the second quarter, HoldingsChannel.com reports. The fund acquired 136,011 shares of the software maker’s stock, valued at approximately $3,610,000.

A number of other institutional investors also recently bought and sold shares of BOX. Arrowstreet Capital Limited Partnership grew its stake in shares of BOX by 9.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,918,991 shares of the software maker’s stock valued at $116,285,000 after acquiring an additional 407,733 shares during the period. RGM Capital LLC grew its stake in BOX by 8.2% during the fourth quarter. RGM Capital LLC now owns 3,330,168 shares of the software maker’s stock valued at $99,605,000 after acquiring an additional 251,520 shares in the last quarter. Sei Investments Co. increased its holdings in shares of BOX by 2.9% in the third quarter. Sei Investments Co. now owns 3,316,783 shares of the software maker’s stock worth $107,033,000 after purchasing an additional 94,289 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in BOX by 823,134.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,054,200 shares of the software maker’s stock worth $91,351,000 after acquiring an additional 3,053,829 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in BOX by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,674,883 shares of the software maker’s stock worth $63,232,000 after purchasing an additional 13,983 shares during the last quarter. 86.74% of the stock is owned by institutional investors.

BOX Stock Performance

BOX opened at $32.87 on Friday. The stock has a market cap of $4.55 billion, a price-to-earnings ratio of 50.57, a P/E/G ratio of 11.69 and a beta of 0.73. The stock’s 50 day moving average price is $29.38 and its 200-day moving average price is $26.20. Box, Inc. has a one year low of $21.34 and a one year high of $33.88.

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 analysts’ consensus estimates of $0.36 by $0.01. The company had revenue of $305.94 million during the quarter, compared to analyst estimates of $304.39 million. BOX had a net margin of 10.35% and a negative return on equity of 24.19%. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter last year, the business posted $0.30 EPS. BOX has set its Q2 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.560-1.560 EPS. As a group, analysts predict that Box, Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Transactions at BOX

In related news, VP Eli Berkovitch sold 6,300 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $25.36, for a total value of $159,768.00. Following the completion of the sale, the vice president directly owned 115,679 shares of the company’s stock, valued at $2,933,619.44. This represents a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Dylan C. Smith sold 17,000 shares of the stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $26.00, for a total transaction of $442,000.00. Following the transaction, the chief financial officer owned 1,364,049 shares in the company, valued at approximately $35,465,274. The trade was a 1.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 77,996 shares of company stock worth $2,116,005 over the last quarter. 3.99% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Wall Street Zen downgraded BOX from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. UBS Group lifted their target price on BOX from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. DA Davidson reissued a “buy” rating and set a $45.00 target price on shares of BOX in a research report on Wednesday, May 27th. Citigroup increased their price target on BOX from $36.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Finally, Weiss Ratings upgraded BOX from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 23rd. Three 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.com, the stock has a consensus rating of “Hold” and a consensus 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.