Legal & General Group Plc Trims Stock Holdings in Box, Inc. $BOX

Legal & General Group Plc decreased its holdings in Box, Inc. (NYSE:BOX) by 5.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 370,376 shares of the software maker’s stock after selling 19,977 shares during the period. Legal & General Group Plc’s holdings in BOX were worth $11,078,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Linden Thomas Advisory Services LLC increased its stake in shares of BOX by 1.4% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 27,285 shares of the software maker’s stock worth $816,000 after purchasing an additional 387 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of BOX by 8.6% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,093 shares of the software maker’s stock worth $147,000 after purchasing an additional 405 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of BOX by 1.7% in the fourth quarter. ProShare Advisors LLC now owns 27,634 shares of the software maker’s stock worth $827,000 after purchasing an additional 449 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in shares of BOX by 1.2% in the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 41,180 shares of the software maker’s stock worth $1,329,000 after purchasing an additional 469 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of BOX by 22.9% in the second quarter. Smartleaf Asset Management LLC now owns 2,633 shares of the software maker’s stock worth $90,000 after purchasing an additional 490 shares in the last quarter. Hedge funds and other institutional investors own 86.74% of the company’s stock.

Insider Buying and Selling at BOX

In other BOX news, VP Eli Berkovitch sold 6,300 shares of BOX stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $25.36, for a total transaction of $159,768.00. Following the completion of the sale, the vice president directly owned 115,679 shares in the company, valued at $2,933,619.44. The trade was a 5.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Dana L. Evan sold 17,034 shares of BOX stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $24.24, for a total transaction of $412,904.16. Following the sale, the director owned 113,525 shares of the company’s stock, valued at approximately $2,751,846. The trade was a 13.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 143,386 shares of company stock valued at $3,505,620 over the last quarter. Company insiders own 3.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BOX shares. UBS Group raised their price objective on shares of BOX from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. DA Davidson restated a “buy” rating and issued a $45.00 price objective on shares of BOX in a research report on Wednesday, May 27th. Citigroup raised their price objective on shares of BOX from $36.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Wall Street Zen lowered shares of BOX from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Morgan Stanley cut their price objective on shares of BOX from $38.00 to $33.00 and set an “equal weight” rating for the company in a research report on Thursday, March 12th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, BOX presently has an average rating of “Hold” and a consensus price target of $35.33.

BOX Trading Down 3.6%

BOX stock opened at $26.66 on Thursday. The firm has a 50 day moving average of $24.48 and a 200-day moving average of $26.24. Box, Inc. has a 12 month low of $21.34 and a 12 month high of $38.80. The firm has a market capitalization of $3.69 billion, a P/E ratio of 41.01, a price-to-earnings-growth ratio of 1.41 and a beta of 0.74.

BOX (NYSE:BOX) last released its quarterly earnings data on Tuesday, May 26th. The software maker reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. BOX had a net margin of 10.35% and a negative return on equity of 24.19%. The company had revenue of $305.94 million during the quarter, compared to analyst estimates of $304.39 million. During the same period last year, the business earned $0.30 earnings per share. BOX’s revenue was up 10.7% compared to the same quarter last year. BOX has set its Q2 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.560-1.560 EPS. Sell-side analysts predict that Box, Inc. will post 0.34 EPS for the current year.

BOX announced that its Board of Directors has initiated a stock repurchase plan on Thursday, March 19th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the software maker to repurchase up to 14.2% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.

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.