Natixis Advisors LLC Acquires 111,153 Shares of Box, Inc. $BOX

Natixis Advisors LLC grew its stake in shares of Box, Inc. (NYSE:BOX) by 19.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 682,315 shares of the software maker’s stock after purchasing an additional 111,153 shares during the period. Natixis Advisors LLC owned about 0.47% of BOX worth $22,018,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of BOX. Norges Bank purchased a new position in shares of BOX during the second quarter valued at approximately $33,042,000. Qube Research & Technologies Ltd boosted its holdings in BOX by 240.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,210,237 shares of the software maker’s stock worth $41,354,000 after acquiring an additional 854,953 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in BOX during the 2nd quarter worth $22,626,000. Mizuho Markets Americas LLC bought a new stake in shares of BOX in the 3rd quarter worth $20,851,000. Finally, Invesco Ltd. grew its stake in shares of BOX by 101.1% in the 2nd quarter. Invesco Ltd. now owns 1,141,603 shares of the software maker’s stock worth $39,009,000 after acquiring an additional 573,817 shares in the last quarter. 86.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BOX has been the topic of a number of recent analyst reports. UBS Group dropped their price target on shares of BOX from $31.00 to $28.00 and set a “hold” rating on the stock in a research report on Wednesday, March 4th. DA Davidson reaffirmed a “buy” rating and issued a $45.00 price objective on shares of BOX in a research report on Wednesday, December 3rd. Citigroup decreased their price objective on shares of BOX from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Wednesday, March 4th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of BOX in a research note on Monday, December 29th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $36.29.

BOX Price Performance

NYSE BOX opened at $24.63 on Thursday. The stock has a market capitalization of $3.53 billion, a price-to-earnings ratio of 41.75, a PEG ratio of 1.03 and a beta of 0.80. Box, Inc. has a one year low of $21.61 and a one year high of $38.80. The business’s fifty day moving average is $25.53 and its 200-day moving average is $29.51.

BOX (NYSE:BOX) last posted its quarterly earnings results on Tuesday, March 3rd. The software maker reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.16. BOX had a net margin of 9.80% and a negative return on equity of 23.61%. The company had revenue of $305.88 million during the quarter, compared to analyst estimates of $305.64 million. During the same quarter in the prior year, the business earned $0.42 earnings per share. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. Research analysts expect that Box, Inc. will post 0.27 EPS for the current fiscal year.

Insider Activity

In related news, COO Olivia Nottebohm sold 4,612 shares of BOX stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $25.78, for a total value of $118,897.36. Following the sale, the chief operating officer owned 465,219 shares of the company’s stock, valued at approximately $11,993,345.82. The trade was a 0.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Dylan C. Smith sold 17,000 shares of the company’s stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $29.57, for a total value of $502,690.00. Following the completion of the transaction, the chief financial officer owned 1,328,195 shares in the company, valued at approximately $39,274,726.15. The trade was a 1.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 52,999 shares of company stock valued at $1,454,739 in the last three months. Company insiders own 3.90% of the company’s stock.

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.