Box, Inc. $BOX Shares Acquired by Needham Investment Management LLC

Needham Investment Management LLC lifted its stake in shares of Box, Inc. (NYSE:BOX) by 18.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 190,000 shares of the software maker’s stock after purchasing an additional 30,000 shares during the period. Needham Investment Management LLC’s holdings in BOX were worth $5,683,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital Fund Management S.A. grew its position in shares of BOX by 19.9% during the third quarter. Capital Fund Management S.A. now owns 378,101 shares of the software maker’s stock worth $12,201,000 after buying an additional 62,630 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of BOX during the second quarter worth about $484,000. First Trust Advisors LP grew its position in shares of BOX by 6.2% during the third quarter. First Trust Advisors LP now owns 1,273,546 shares of the software maker’s stock worth $41,097,000 after buying an additional 74,758 shares in the last quarter. Natixis Advisors LLC grew its position in shares of BOX by 19.5% during the third quarter. Natixis Advisors LLC now owns 682,315 shares of the software maker’s stock worth $22,018,000 after buying an additional 111,153 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in shares of BOX by 31.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 805,447 shares of the software maker’s stock worth $24,091,000 after buying an additional 194,210 shares in the last quarter. 86.74% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BOX has been the subject of a number of research analyst reports. UBS Group upped their price target on BOX from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. Citigroup increased their price target 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. Morgan Stanley dropped their price target on shares of BOX from $38.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 12th. William Blair reiterated a “market perform” rating on shares of BOX in a research note on Monday, March 23rd. Finally, Wall Street Zen lowered shares of BOX from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $35.33.

Insider Transactions at BOX

In other news, COO Olivia Nottebohm sold 6,528 shares of the stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $26.17, for a total value of $170,837.76. Following the completion of the sale, the chief operating officer directly owned 552,211 shares of the company’s stock, valued at approximately $14,451,361.87. This 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 can be accessed through this hyperlink. Also, Director Dana L. Evan sold 17,034 shares of the stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $24.24, for a total value of $412,904.16. Following the completion of the sale, the director directly owned 113,525 shares of the company’s stock, valued at $2,751,846. The trade was a 13.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 130,302 shares of company stock valued at $3,208,520 over the last ninety days. 3.99% of the stock is owned by insiders.

BOX Stock Up 0.4%

Shares of BOX stock opened at $25.48 on Tuesday. The firm has a market capitalization of $3.53 billion, a P/E ratio of 39.20, a P/E/G ratio of 1.43 and a beta of 0.74. Box, Inc. has a 52 week low of $21.34 and a 52 week high of $36.40. The firm’s 50 day moving average is $24.90 and its two-hundred day moving average is $26.02.

BOX (NYSE:BOX) last announced its quarterly 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. The company had revenue of $305.94 million for the quarter, compared to analyst estimates of $304.39 million. BOX had a net margin of 10.35% and a negative return on equity of 24.19%. The firm’s revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.30 earnings per share. 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, research analysts expect that Box, Inc. will post 0.31 earnings per share for the current fiscal year.

BOX announced that its board has authorized a stock buyback plan on Thursday, March 19th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the software maker to purchase up to 14.2% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

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.