Arrowstreet Capital Limited Partnership Has $116.28 Million Stake in Box, Inc. $BOX

Arrowstreet Capital Limited Partnership lifted its stake in Box, Inc. (NYSE:BOX) by 9.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,918,991 shares of the software maker’s stock after purchasing an additional 407,733 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in BOX were worth $116,285,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BOX. First Horizon Corp increased its stake in BOX by 148.1% in the 4th quarter. First Horizon Corp now owns 831 shares of the software maker’s stock valued at $25,000 after buying an additional 496 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of BOX during the fourth quarter worth $26,000. Geneos Wealth Management Inc. purchased a new stake in shares of BOX during the first quarter worth $31,000. Employees Retirement System of Texas acquired a new stake in BOX during the third quarter valued at $35,000. Finally, CIBC Private Wealth Group LLC grew its stake in BOX by 1,778.1% in the third quarter. CIBC Private Wealth Group LLC now owns 1,202 shares of the software maker’s stock valued at $39,000 after purchasing an additional 1,138 shares in the last quarter. 86.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BOX has been the subject of several research reports. DA Davidson reiterated a “buy” rating and set a $45.00 price target on shares of BOX in a report on Wednesday, May 27th. Citigroup lifted their target price on shares of BOX from $36.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Weiss Ratings raised shares of BOX from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday. Wall Street Zen lowered shares of BOX from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, UBS Group lifted their price objective on shares of BOX from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $35.33.

BOX Price Performance

Shares of BOX opened at $29.02 on Friday. Box, Inc. has a one year low of $21.34 and a one year high of $33.88. The company’s fifty day moving average price is $27.09 and its 200 day moving average price is $25.54. The company has a market capitalization of $4.02 billion, a PE ratio of 44.65, a price-to-earnings-growth ratio of 10.24 and a beta of 0.74.

BOX (NYSE:BOX) last posted its quarterly earnings data on Tuesday, May 26th. The software maker reported $0.37 EPS for the quarter, topping 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 business had revenue of $305.94 million for the quarter, compared to analyst estimates of $304.39 million. During the same period in the previous year, the company posted $0.30 earnings per share. The firm’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. Analysts anticipate that Box, Inc. will post 0.31 earnings per share for the current year.

Insiders Place Their Bets

In related news, COO Olivia Nottebohm sold 12,470 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $25.17, for a total transaction of $313,869.90. Following the transaction, the chief operating officer owned 558,739 shares of the company’s stock, valued at approximately $14,063,460.63. The trade was a 2.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Aaron Levie sold 15,000 shares of the firm’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $24.32, for a total value of $364,800.00. Following the completion of the transaction, the chief executive officer directly owned 2,874,673 shares of the company’s stock, valued at approximately $69,912,047.36. This trade represents a 0.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 108,460 shares of company stock valued at $2,806,201. Corporate insiders own 3.99% of the company’s stock.

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.