Los Angeles Capital Management LLC Has $1.18 Million Stock Holdings in Box, Inc. $BOX

Los Angeles Capital Management LLC lessened its stake in shares of Box, Inc. (NYSE:BOX) by 22.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,438 shares of the software maker’s stock after selling 9,873 shares during the period. Los Angeles Capital Management LLC’s holdings in BOX were worth $1,177,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Cerity Partners LLC bought a new stake in shares of BOX during the 1st quarter worth $1,395,000. Xponance Inc. lifted its position in BOX by 3.5% during the 1st quarter. Xponance Inc. now owns 15,029 shares of the software maker’s stock worth $464,000 after acquiring an additional 513 shares during the last quarter. MQS Management LLC bought a new stake in BOX during the first quarter valued at about $226,000. Victory Capital Management Inc. boosted its holdings in BOX by 11.7% during the first quarter. Victory Capital Management Inc. now owns 650,713 shares of the software maker’s stock valued at $20,081,000 after acquiring an additional 68,126 shares during the period. Finally, Allianz Asset Management GmbH acquired a new stake in shares of BOX in the first quarter valued at about $623,000. 86.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. UBS Group cut BOX from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $42.00 to $36.00 in a research report on Thursday, September 18th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of BOX in a research report on Wednesday, October 8th. Royal Bank Of Canada upped their price target on BOX from $24.00 to $26.00 and gave the stock an “underperform” rating in a report on Wednesday, August 27th. Zacks Research downgraded shares of BOX from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Finally, Citigroup boosted their target price on shares of BOX from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, August 27th. Eight investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.25.

Insider Activity

In other BOX news, VP Eli Berkovitch sold 3,500 shares of BOX stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $32.77, for a total transaction of $114,695.00. Following the completion of the transaction, the vice president directly owned 128,847 shares of the company’s stock, valued at approximately $4,222,316.19. This trade represents a 2.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Aaron Levie sold 15,000 shares of the business’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $32.81, for a total transaction of $492,150.00. Following the completion of the sale, the chief executive officer owned 2,937,030 shares in the company, valued at $96,363,954.30. This represents a 0.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 100,724 shares of company stock valued at $3,309,293. 3.90% of the stock is owned by company insiders.

BOX Stock Down 0.4%

Shares of BOX opened at $31.98 on Thursday. The company has a 50-day moving average price of $32.50 and a two-hundred day moving average price of $32.87. The stock has a market cap of $4.63 billion, a price-to-earnings ratio of 25.79 and a beta of 0.87. Box, Inc. has a 12 month low of $28.00 and a 12 month high of $38.80.

BOX (NYSE:BOX) last issued its earnings results on Tuesday, August 26th. The software maker reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. The business had revenue of $294.00 million during the quarter, compared to analysts’ expectations of $290.19 million. BOX had a negative return on equity of 21.77% and a net margin of 20.30%.BOX’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 EPS. BOX has set its FY 2026 guidance at 1.260-1.28 EPS. Q3 2026 guidance at 0.310-0.32 EPS. Equities research analysts expect that Box, Inc. will post 0.27 EPS for the current fiscal year.

About BOX

Box, Inc engages in the provision of an enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, Box Governance, Box Zones, Box Relay, Box Shuttle, and Box KeySafe.