23,340 Box, Inc. $BOX Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its position in Box, Inc. (NYSE:BOX) by 44.1% in the third quarter, Holdings Channel.com reports. The fund owned 29,621 shares of the software maker’s stock after selling 23,340 shares during the quarter. State of Alaska Department of Revenue’s holdings in BOX were worth $991,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Principal Financial Group Inc. grew its stake in BOX by 10.2% during the first quarter. Principal Financial Group Inc. now owns 1,010,921 shares of the software maker’s stock valued at $23,898,000 after acquiring an additional 93,516 shares in the last quarter. Fort Washington Investment Advisors Inc. OH increased its holdings in BOX by 4.4% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 1,029,407 shares of the software maker’s stock worth $24,335,000 after acquiring an additional 43,520 shares during the period. Janus Henderson Group PLC increased its holdings in BOX by 74.9% during the 1st quarter. Janus Henderson Group PLC now owns 1,147,381 shares of the software maker’s stock worth $27,141,000 after acquiring an additional 491,505 shares during the period. Hsbc Holdings PLC lifted its stake in BOX by 108.9% in the 1st quarter. Hsbc Holdings PLC now owns 77,371 shares of the software maker’s stock worth $1,839,000 after purchasing an additional 40,341 shares in the last quarter. Finally, California State Teachers Retirement System lifted its stake in BOX by 27.5% in the 1st quarter. California State Teachers Retirement System now owns 173,666 shares of the software maker’s stock worth $4,105,000 after purchasing an additional 37,421 shares in the last quarter. 86.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on BOX shares. UBS Group raised their price target on shares of BOX from $29.00 to $37.00 and gave the company a “neutral” rating in a report on Wednesday, August 26th. Royal Bank Of Canada restated an “underperform” rating and set a $26.00 price target on shares of BOX in a research report on Wednesday, August 26th. DA Davidson upped their price target on shares of BOX from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, August 26th. Weiss Ratings raised shares of BOX from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, October 6th. Finally, Wall Street Zen downgraded BOX from a “buy” rating to a “hold” rating in a research report on Sunday, October 4th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, BOX has an average rating of “Hold” and a consensus price target of $37.80.

BOX Stock Up 0.6%

NYSE:BOX opened at $41.99 on Thursday. The business’s 50-day moving average price is $34.90 and its two-hundred day moving average price is $29.65. Box, Inc. has a twelve month low of $21.34 and a twelve month high of $42.55. The stock has a market cap of $5.76 billion, a P/E ratio of 60.86, a PEG ratio of 10.98 and a beta of 0.72.

BOX (NYSE:BOX) last issued its quarterly earnings data on Tuesday, August 25th. The software maker reported $0.40 EPS for the quarter, hitting the consensus estimate of $0.40. The company had revenue of $321.15 million during the quarter, compared to analyst estimates of $319.33 million. BOX had a negative return on equity of 20.97% and a net margin of 10.59%. BOX’s revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.33 earnings per share. BOX has set its Q3 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.540-1.540 EPS. On average, equities research analysts expect that Box, Inc. will post 0.32 EPS for the current fiscal year.

Insider Transactions at BOX

In related news, COO Olivia Nottebohm sold 5,834 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $32.31, for a total value of $188,496.54. Following the transaction, the chief operating officer owned 513,382 shares of the company’s stock, valued at $16,587,372.42. This represents a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dana L. Evan sold 6,158 shares of the company’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $35.00, for a total value of $215,530.00. Following the completion of the transaction, the director owned 115,739 shares of the company’s stock, valued at $4,050,865. The trade was a 5.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 70,135 shares of company stock worth $2,447,157. Company insiders own 3.99% of the company’s stock.

About BOX

Box, Inc (NYSE:BOX) provides cloud-based content management and collaboration solutions for businesses and other organizations. Its platform, known as the Box Content Cloud, enables customers to securely store, organize, access and share files from connected devices while supporting collaboration across teams and locations.

The company’s offerings include cloud content storage and collaboration tools, workflow automation, document and content management, electronic signatures through Box Sign, and security, compliance and governance capabilities.