Fideuram Asset Management Ireland dac Invests $2.36 Million in Box, Inc. $BOX

Fideuram Asset Management Ireland dac acquired a new position in shares of Box, Inc. (NYSE:BOX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 73,415 shares of the software maker’s stock, valued at approximately $2,355,000.

Several other hedge funds have also made changes to their positions in BOX. First Horizon Corp boosted its holdings in shares of BOX by 148.1% during the fourth quarter. First Horizon Corp now owns 831 shares of the software maker’s stock worth $25,000 after purchasing an additional 496 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of BOX in the 4th quarter worth $26,000. Geneos Wealth Management Inc. purchased a new position in shares of BOX in the 1st quarter worth $31,000. Employees Retirement System of Texas purchased a new position in shares of BOX in the 3rd quarter worth $35,000. Finally, CIBC Private Wealth Group LLC raised its position in shares of BOX by 1,778.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,202 shares of the software maker’s stock worth $39,000 after buying an additional 1,138 shares during the period. Institutional investors and hedge funds own 86.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BOX. Wall Street Zen lowered BOX from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. DA Davidson reaffirmed a “buy” rating and issued a $45.00 target price on shares of BOX in a research report on Wednesday. Morgan Stanley cut their target price on BOX from $38.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 12th. Citigroup increased their target price on BOX from $36.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, UBS Group increased their target price on BOX from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, BOX presently has an average rating of “Hold” and a consensus price target of $35.33.

Insider Buying and Selling at BOX

In other news, CFO Dylan C. Smith sold 23,720 shares of BOX stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $24.96, for a total transaction of $592,051.20. Following the sale, the chief financial officer directly owned 1,381,049 shares of the company’s stock, valued at approximately $34,470,983.04. The trade was a 1.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Eli Berkovitch sold 6,300 shares of BOX stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $25.36, for a total value of $159,768.00. Following the sale, the vice president directly owned 115,679 shares in the company, valued at approximately $2,933,619.44. The trade was a 5.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 143,386 shares of company stock valued at $3,505,620. Company insiders own 3.99% of the company’s stock.

BOX Stock Performance

Shares of NYSE BOX opened at $26.97 on Friday. Box, Inc. has a 1 year low of $21.34 and a 1 year high of $38.80. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of 41.49, a PEG ratio of 1.29 and a beta of 0.71. The stock’s 50-day simple moving average is $24.28 and its 200-day simple moving average is $26.37.

BOX (NYSE:BOX) last announced its earnings results on Tuesday, May 26th. The software maker reported $0.37 earnings per share (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 earned $0.30 earnings per share. The company’s revenue for the quarter 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. As a group, research analysts predict that Box, Inc. will post 0.34 EPS for the current year.

BOX declared that its board has approved a share buyback program on Thursday, March 19th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the software maker to repurchase up to 14.2% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

BOX 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.