Janus Henderson Group PLC Acquires 491,505 Shares of Box, Inc. $BOX

Janus Henderson Group PLC grew its holdings in Box, Inc. (NYSE:BOX) by 74.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,147,381 shares of the software maker’s stock after acquiring an additional 491,505 shares during the period. Janus Henderson Group PLC’s holdings in BOX were worth $27,141,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. lifted its stake in shares of 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 valued at $91,351,000 after purchasing an additional 3,053,829 shares during the last quarter. Norges Bank bought a new stake in BOX in the fourth quarter worth $58,814,000. Qube Research & Technologies Ltd increased its position in BOX by 240.6% during the second quarter. Qube Research & Technologies Ltd now owns 1,210,237 shares of the software maker’s stock worth $41,354,000 after buying an additional 854,953 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in BOX during the second quarter worth $22,626,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in BOX by 15.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,511,258 shares of the software maker’s stock valued at $134,932,000 after buying an additional 604,946 shares in the last quarter. Institutional investors and hedge funds own 86.74% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on BOX. DA Davidson reiterated a “buy” rating and set a $45.00 price target on shares of BOX in a research note on Wednesday, May 27th. Citigroup raised their price objective on BOX from $36.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. UBS Group boosted their target price on BOX from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Weiss Ratings raised BOX from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 23rd. Finally, Wall Street Zen downgraded BOX from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $35.33.

BOX Price Performance

BOX stock opened at $31.53 on Monday. The stock has a market capitalization of $4.37 billion, a price-to-earnings ratio of 48.51, a price-to-earnings-growth ratio of 11.13 and a beta of 0.73. The company has a 50-day moving average of $27.66 and a two-hundred day moving average of $25.58. Box, Inc. has a 52-week low of $21.34 and a 52-week high of $33.88.

BOX (NYSE:BOX) last posted its quarterly earnings data on Tuesday, May 26th. The software maker reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.01. The business had revenue of $305.94 million during the quarter, compared to analysts’ expectations of $304.39 million. BOX had a negative return on equity of 24.19% and a net margin of 10.35%.The firm’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 EPS. BOX has set its Q2 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.560-1.560 EPS. Equities analysts expect that Box, Inc. will post 0.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Aaron Levie sold 15,000 shares of the firm’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $24.32, for a total value of $364,800.00. Following the sale, the chief executive officer owned 2,874,673 shares in the company, valued at approximately $69,912,047.36. This trade represents a 0.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Olivia Nottebohm sold 5,834 shares of the business’s stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $30.13, for a total transaction of $175,778.42. Following the transaction, the chief operating officer directly owned 519,216 shares in the company, valued at $15,643,978.08. This trade represents a 1.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 108,352 shares of company stock valued at $2,833,429 over the last ninety days. 3.99% of the stock is owned by insiders.

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.