Box, Inc. $BOX Position Increased by Wellington Management Group LLP

Wellington Management Group LLP boosted its stake in shares of Box, Inc. (NYSE:BOX) by 5,002.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 515,932 shares of the software maker’s stock after purchasing an additional 505,820 shares during the quarter. Wellington Management Group LLP’s holdings in BOX were worth $13,693,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. acquired a new stake in BOX in the first quarter worth $31,000. Employees Retirement System of Texas acquired a new position in shares of BOX during the third quarter valued at $35,000. CIBC Private Wealth Group LLC grew its position in shares of BOX by 1,778.1% during the third quarter. CIBC Private Wealth Group LLC now owns 1,202 shares of the software maker’s stock worth $39,000 after acquiring an additional 1,138 shares during the last quarter. Toronto Dominion Bank bought a new position in shares of BOX during the fourth quarter worth about $60,000. Finally, Hantz Financial Services Inc. increased its holdings in shares of BOX by 337.7% in the 4th quarter. Hantz Financial Services Inc. now owns 2,018 shares of the software maker’s stock worth $60,000 after acquiring an additional 1,557 shares during the period. 86.74% of the stock is currently owned by institutional investors.

Insider Buying and Selling at BOX

In related news, CEO Aaron Levie sold 15,000 shares of the stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $24.32, for a total transaction of $364,800.00. Following the completion of the sale, the chief executive officer directly owned 2,874,673 shares of the company’s stock, valued at $69,912,047.36. This represents a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Olivia Nottebohm sold 5,834 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $32.31, for a total transaction of $188,496.54. Following the sale, the chief operating officer owned 513,382 shares of the company’s stock, valued at $16,587,372.42. The trade was a 1.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 75,546 shares of company stock valued at $2,094,798 over the last quarter. Company insiders own 3.99% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on BOX shares. Morgan Stanley lifted their price objective on shares of BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 26th. Wall Street Zen lowered shares of BOX from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. UBS Group lifted their price target on 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 reiterated an “underperform” rating and set a $26.00 price objective on shares of BOX in a research report on Wednesday, August 26th. Finally, Weiss Ratings raised BOX from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 23rd. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $37.80.

BOX Stock Up 0.1%

Shares of BOX stock opened at $35.22 on Tuesday. The stock has a 50-day simple moving average of $31.59 and a 200 day simple moving average of $27.09. Box, Inc. has a fifty-two week low of $21.34 and a fifty-two week high of $36.34. The stock has a market capitalization of $4.83 billion, a P/E ratio of 51.04, a P/E/G ratio of 11.72 and a beta of 0.73.

BOX (NYSE:BOX) last issued its quarterly earnings results on Tuesday, August 25th. The software maker reported $0.40 EPS for the quarter, hitting the consensus estimate of $0.40. BOX had a net margin of 10.59% and a negative return on equity of 20.97%. The firm had revenue of $321.15 million for the quarter, compared to analysts’ expectations of $319.33 million. During the same period in the previous year, the business earned $0.33 earnings per share. BOX’s revenue for the quarter was up 9.2% compared to the same quarter last year. 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, sell-side analysts anticipate that Box, Inc. will post 0.32 earnings per share for the current year.

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.