Wellington Management Group LLP Boosts Position in Box, Inc. $BOX

Wellington Management Group LLP grew its holdings in shares of Box, Inc. (NYSE:BOX) by 5,002.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 515,932 shares of the software maker’s stock after buying an additional 505,820 shares during the quarter. Wellington Management Group LLP owned 0.37% of BOX worth $13,693,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised 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 acquiring an additional 3,053,829 shares during the period. Norges Bank purchased a new stake in BOX during the 4th quarter worth $58,814,000. Qube Research & Technologies Ltd increased its holdings in BOX by 240.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,210,237 shares of the software maker’s stock valued at $41,354,000 after purchasing an additional 854,953 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in BOX in the 2nd quarter valued at $22,626,000. Finally, Arrowstreet Capital Limited Partnership raised its position in BOX by 15.5% in 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 purchasing an additional 604,946 shares during the period. Institutional investors and hedge funds own 86.74% of the company’s stock.

BOX Stock Up 0.1%

Shares of NYSE BOX opened at $35.22 on Tuesday. The stock’s 50 day moving average price is $31.59 and its two-hundred day moving average price is $27.09. Box, Inc. has a 52-week low of $21.34 and a 52-week high of $36.34. The stock has a market capitalization of $4.83 billion, a P/E ratio of 51.04, a PEG ratio of 11.72 and a beta of 0.73.

BOX (NYSE:BOX) last issued its earnings results on Tuesday, August 25th. The software maker reported $0.40 EPS for the quarter, hitting the consensus estimate of $0.40. The company had revenue of $321.15 million during the quarter, compared to analyst estimates of $319.33 million. BOX had a negative return on equity of 20.97% and a net margin of 10.59%.The business’s revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.33 EPS. BOX has set its Q3 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.540-1.540 EPS. On average, analysts anticipate that Box, Inc. will post 0.32 EPS for the current year.

Insider Buying and Selling at BOX

In other news, COO Olivia Nottebohm sold 6,528 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $26.17, for a total value of $170,837.76. Following the transaction, the chief operating officer directly owned 552,211 shares in the company, valued at approximately $14,451,361.87. This trade represents a 1.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Eli Berkovitch sold 3,850 shares of BOX stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $35.99, for a total transaction of $138,561.50. Following the completion of the transaction, the vice president directly owned 105,404 shares of the company’s stock, valued at $3,793,489.96. This trade represents a 3.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 75,546 shares of company stock worth $2,094,798. Company insiders own 3.99% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BOX. Bank of America reaffirmed a “buy” rating on shares of BOX in a research report on Wednesday, August 26th. DA Davidson raised their target price on BOX from $45.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, August 26th. Weiss Ratings raised BOX from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 23rd. Citigroup upped their price target on BOX from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, August 26th. Finally, UBS Group increased their price objective on shares of BOX from $29.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday, August 26th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $37.80.

About BOX

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.