Jupiter Asset Management Ltd. Acquires Shares of 20,607 Box, Inc. $BOX

Jupiter Asset Management Ltd. acquired a new stake in shares of Box, Inc. (NYSE:BOX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 20,607 shares of the software maker’s stock, valued at approximately $616,000.

Several other institutional investors have also added to or reduced their stakes in BOX. Northwestern Mutual Wealth Management Co. raised its position in BOX by 823,134.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,054,200 shares of the software maker’s stock valued at $91,351,000 after purchasing an additional 3,053,829 shares in the last quarter. Qube Research & Technologies Ltd raised its position in BOX by 240.6% during the second quarter. Qube Research & Technologies Ltd now owns 1,210,237 shares of the software maker’s stock valued at $41,354,000 after purchasing an additional 854,953 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of BOX during the second quarter worth $22,626,000. Invesco Ltd. grew its stake in shares of BOX by 101.1% during the second quarter. Invesco Ltd. now owns 1,141,603 shares of the software maker’s stock worth $39,009,000 after buying an additional 573,817 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of BOX by 2.8% during the third quarter. Vanguard Group Inc. now owns 18,487,018 shares of the software maker’s stock worth $596,576,000 after buying an additional 497,658 shares during the last quarter. 86.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Wall Street Zen cut shares of BOX from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. William Blair reaffirmed a “market perform” rating on shares of BOX in a research note on Monday, March 23rd. UBS Group boosted their target price on shares of BOX from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday. DA Davidson reaffirmed a “buy” rating and set a $45.00 target price on shares of BOX in a research note on Wednesday, May 27th. Finally, Citigroup boosted their target price on shares of BOX from $36.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, BOX has a consensus rating of “Hold” and an average price target of $35.33.

BOX Stock Up 0.0%

Shares of BOX stock opened at $26.97 on Monday. Box, Inc. has a twelve month low of $21.34 and a twelve month high of $38.80. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 41.49, a P/E/G ratio of 1.37 and a beta of 0.74. The company’s fifty day moving average is $24.28 and its 200 day moving average is $26.33.

BOX (NYSE:BOX) last issued its quarterly earnings data on Tuesday, May 26th. The software maker reported $0.37 earnings per share for the quarter, topping 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 company had revenue of $305.94 million for the quarter, compared to analysts’ expectations of $304.39 million. During the same quarter in the previous year, the firm posted $0.30 earnings per share. BOX’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. As a group, equities analysts anticipate that Box, Inc. will post 0.34 earnings per share for the current fiscal year.

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

Insider Buying and Selling

In related news, Director Dana L. Evan sold 17,034 shares of the business’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $24.24, for a total value of $412,904.16. Following the sale, the director owned 113,525 shares of the company’s stock, valued at $2,751,846. The trade was a 13.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Aaron Levie sold 15,000 shares of the business’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $24.72, for a total transaction of $370,800.00. Following the completion of the sale, the chief executive officer directly owned 2,907,030 shares in the company, valued at approximately $71,861,781.60. This represents a 0.51% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 143,386 shares of company stock valued at $3,505,620 over the last quarter. 3.99% of the stock is currently owned by company insiders.

About BOX

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.