Sei Investments Co. Lowers Stock Position in Box, Inc. $BOX

Sei Investments Co. cut its holdings in shares of Box, Inc. (NYSE:BOX) by 4.0% during the first quarter, Holdings Channel.com reports. The firm owned 3,198,450 shares of the software maker’s stock after selling 133,475 shares during the period. Sei Investments Co.’s holdings in BOX were worth $75,611,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Lido Advisors LLC raised its stake in BOX by 26.5% in the first quarter. Lido Advisors LLC now owns 11,963 shares of the software maker’s stock worth $283,000 after buying an additional 2,503 shares in the last quarter. State of Wyoming boosted its position in BOX by 526.8% during the 1st quarter. State of Wyoming now owns 25,644 shares of the software maker’s stock valued at $606,000 after acquiring an additional 21,553 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in BOX by 8.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 14,018 shares of the software maker’s stock valued at $331,000 after acquiring an additional 1,110 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of BOX by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,674,883 shares of the software maker’s stock valued at $63,232,000 after acquiring an additional 13,983 shares during the period. Finally, KBC Group NV increased its holdings in shares of BOX by 43.9% in the 1st quarter. KBC Group NV now owns 4,868 shares of the software maker’s stock valued at $115,000 after acquiring an additional 1,485 shares during the period. 86.74% of the stock is owned by hedge funds and other institutional investors.

BOX Price Performance

BOX stock opened at $29.02 on Friday. Box, Inc. has a 1-year low of $21.34 and a 1-year high of $33.88. The business has a fifty day moving average price of $27.09 and a 200-day moving average price of $25.54. The stock has a market capitalization of $4.02 billion, a price-to-earnings ratio of 44.65, a PEG ratio of 9.98 and a beta of 0.74.

BOX (NYSE:BOX) last released its earnings results on Tuesday, May 26th. The software maker reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The company had revenue of $305.94 million during the quarter, compared to analysts’ expectations of $304.39 million. BOX had a net margin of 10.35% and a negative return on equity of 24.19%. BOX’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period last year, the business 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. On average, equities research analysts anticipate that Box, Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Activity at BOX

In other news, CFO Dylan C. Smith sold 23,720 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $24.96, for a total transaction of $592,051.20. Following the sale, the chief financial officer directly owned 1,381,049 shares of the company’s stock, valued at $34,470,983.04. The trade was a 1.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Olivia Nottebohm sold 12,470 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $25.17, for a total value of $313,869.90. Following the completion of the transaction, the chief operating officer directly owned 558,739 shares in the company, valued at approximately $14,063,460.63. The trade was a 2.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 108,460 shares of company stock worth $2,806,201. 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.