Fort Washington Investment Advisors Inc. OH Raises Holdings in Box, Inc. $BOX

Fort Washington Investment Advisors Inc. OH increased its stake in shares of Box, Inc. (NYSE:BOX) by 4.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,029,407 shares of the software maker’s stock after purchasing an additional 43,520 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in BOX were worth $24,335,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. First Horizon Corp increased its position in BOX by 148.1% during the fourth quarter. First Horizon Corp now owns 831 shares of the software maker’s stock worth $25,000 after buying an additional 496 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of BOX in the fourth quarter valued at $26,000. Geneos Wealth Management Inc. purchased a new stake in shares of BOX in the first quarter valued at $31,000. Employees Retirement System of Texas acquired a new stake in shares of BOX during the third quarter valued at $35,000. Finally, CIBC Private Wealth Group LLC boosted its stake 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 valued at $39,000 after acquiring an additional 1,138 shares during the last quarter. Hedge funds and other institutional investors own 86.74% of the company’s stock.

BOX Stock Down 0.0%

BOX stock opened at $26.45 on Monday. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 40.69, a price-to-earnings-growth ratio of 1.49 and a beta of 0.74. Box, Inc. has a 52-week low of $21.34 and a 52-week high of $34.39. The stock’s fifty day simple moving average is $25.27 and its 200-day simple moving average is $25.67.

BOX (NYSE:BOX) last released its earnings results on Tuesday, May 26th. The software maker reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. BOX had a negative return on equity of 24.19% and a net margin of 10.35%.The firm had revenue of $305.94 million during the quarter, compared to analyst estimates of $304.39 million. During the same period in the prior year, the firm posted $0.30 earnings per share. The business’s quarterly 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. As a group, analysts anticipate that Box, Inc. will post 0.31 earnings per share for the current fiscal year.

BOX declared that its board has authorized a share buyback program on Thursday, March 19th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the software maker to buy up to 14.2% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BOX. UBS Group boosted their target price on shares of BOX from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. William Blair reaffirmed a “market perform” rating on shares of BOX in a research note on Monday, March 23rd. DA Davidson reiterated a “buy” rating and set a $45.00 price target on shares of BOX in a report on Wednesday, May 27th. 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. Finally, Citigroup upped their price objective on shares of BOX from $36.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $35.33.

Insiders Place Their Bets

In related news, COO Olivia Nottebohm sold 6,528 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $26.17, for a total value of $170,837.76. Following the sale, the chief operating officer directly owned 552,211 shares of the company’s stock, valued at approximately $14,451,361.87. This trade represents a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Eli Berkovitch sold 2,700 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $25.32, for a total transaction of $68,364.00. Following the completion of the sale, the vice president directly owned 112,979 shares in the company, valued at $2,860,628.28. This represents a 2.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 148,002 shares of company stock worth $3,641,684 over the last 90 days. Corporate insiders own 3.99% of the company’s stock.

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.