CenterBook Partners LP Purchases 36,332 Shares of Box, Inc. $BOX

CenterBook Partners LP grew its position in Box, Inc. (NYSE:BOX) by 36.0% during the fourth quarter, HoldingsChannel reports. The firm owned 137,286 shares of the software maker’s stock after buying an additional 36,332 shares during the period. CenterBook Partners LP’s holdings in BOX were worth $4,106,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of BOX. Northwestern Mutual Wealth Management Co. boosted its stake in BOX by 823,134.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,054,200 shares of the software maker’s stock worth $91,351,000 after acquiring an additional 3,053,829 shares in the last quarter. Norges Bank bought a new position in BOX during the fourth quarter worth $58,814,000. Qube Research & Technologies Ltd boosted its stake in BOX by 240.6% during the second quarter. Qube Research & Technologies Ltd now owns 1,210,237 shares of the software maker’s stock worth $41,354,000 after acquiring an additional 854,953 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in BOX during the second quarter worth $22,626,000. Finally, Invesco Ltd. boosted its stake in BOX by 101.1% during the second quarter. Invesco Ltd. now owns 1,141,603 shares of the software maker’s stock worth $39,009,000 after acquiring an additional 573,817 shares in the last quarter. 86.74% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Wall Street Zen lowered shares of BOX from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Morgan Stanley cut their target price 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. Weiss Ratings raised shares of BOX from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. DA Davidson reissued a “buy” rating and set a $45.00 target price on shares of BOX in a research note on Wednesday, May 27th. Finally, William Blair reissued a “market perform” rating on shares of BOX in a research note on Monday, March 23rd. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $35.33.

BOX Price Performance

Shares of BOX stock opened at $26.59 on Tuesday. The firm has a 50-day moving average of $24.66 and a 200-day moving average of $26.15. The company has a market cap of $3.68 billion, a P/E ratio of 40.91, a P/E/G ratio of 1.50 and a beta of 0.74. Box, Inc. has a one year low of $21.34 and a one year high of $37.55.

BOX (NYSE:BOX) last announced 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. The company had revenue of $305.94 million during the quarter, compared to the consensus estimate 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 for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the company 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 of Directors has approved 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 buy up to 14.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity

In other news, CFO Dylan C. Smith sold 23,720 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $24.96, for a total value of $592,051.20. Following the completion of the sale, the chief financial officer owned 1,381,049 shares in the company, valued at $34,470,983.04. This represents a 1.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Olivia Nottebohm sold 12,470 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $25.17, for a total transaction of $313,869.90. Following the completion of the sale, the chief operating officer owned 558,739 shares of the company’s stock, valued at approximately $14,063,460.63. This represents a 2.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 106,774 shares of company stock worth $2,595,682. Company insiders own 3.99% of the company’s stock.

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.