Box, Inc. $BOX Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB trimmed its holdings in Box, Inc. (NYSE:BOX) by 24.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 49,553 shares of the software maker’s stock after selling 15,900 shares during the period. Handelsbanken Fonder AB’s holdings in BOX were worth $1,315,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Arrowstreet Capital Limited Partnership lifted its holdings in shares of BOX by 9.0% in 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 buying an additional 407,733 shares during the period. RGM Capital LLC raised its position 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. lifted its holdings in BOX by 2.9% in the third quarter. Sei Investments Co. now owns 3,316,783 shares of the software maker’s stock valued at $107,033,000 after acquiring an additional 94,289 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position 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 purchasing an additional 3,053,829 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of BOX by 0.5% during the 1st 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 period. Hedge funds and other institutional investors own 86.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BOX shares. DA Davidson reaffirmed a “buy” rating and set a $45.00 target price on shares of BOX in a report on Wednesday, May 27th. Weiss Ratings upgraded shares of BOX from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 23rd. Citigroup raised their price target on shares of BOX from $36.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Wall Street Zen downgraded shares of BOX from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, UBS Group upped their price objective on shares of BOX from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Three 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, BOX currently has an average rating of “Hold” and a consensus target price of $35.33.

Insider Buying and Selling at BOX

In other BOX news, CFO Dylan C. Smith sold 17,000 shares of the firm’s stock in a transaction on Friday, July 10th. The stock was sold at an average price of $29.05, for a total value of $493,850.00. Following the completion of the sale, the chief financial officer directly owned 1,337,075 shares of the company’s stock, valued at $38,842,028.75. This trade represents a 1.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Aaron Levie sold 15,000 shares of the firm’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $24.32, for a total transaction of $364,800.00. Following the sale, the chief executive officer owned 2,874,673 shares of the company’s stock, valued at approximately $69,912,047.36. The trade was a 0.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 77,996 shares of company stock worth $2,116,005 in the last quarter. Insiders own 3.99% of the company’s stock.

BOX Price Performance

Shares of BOX stock opened at $32.49 on Wednesday. The company has a market cap of $4.50 billion, a price-to-earnings ratio of 49.99, a PEG ratio of 11.52 and a beta of 0.73. The stock has a 50 day simple moving average of $29.10 and a 200-day simple moving average of $26.09. Box, Inc. has a 1-year low of $21.34 and a 1-year high of $33.88.

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, 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 business had revenue of $305.94 million for the quarter, compared to analyst estimates of $304.39 million. During the same quarter last year, the business 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. Analysts anticipate that Box, Inc. will post 0.31 earnings per share for the current fiscal year.

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.