Arrowstreet Capital Limited Partnership Acquires 604,946 Shares of Box, Inc. $BOX

Arrowstreet Capital Limited Partnership increased its holdings in shares of Box, Inc. (NYSE:BOX) by 15.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,511,258 shares of the software maker’s stock after purchasing an additional 604,946 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in BOX were worth $134,932,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Marshall Wace LLP boosted its stake in shares of BOX by 48.0% during the fourth quarter. Marshall Wace LLP now owns 1,747,027 shares of the software maker’s stock valued at $52,254,000 after purchasing an additional 566,502 shares in the last quarter. Sunriver Management LLC boosted its stake in shares of BOX by 14.7% during the fourth quarter. Sunriver Management LLC now owns 1,741,267 shares of the software maker’s stock valued at $52,081,000 after purchasing an additional 223,439 shares in the last quarter. Bridgewater Associates LP boosted its stake in shares of BOX by 201.8% during the fourth quarter. Bridgewater Associates LP now owns 241,446 shares of the software maker’s stock valued at $7,222,000 after purchasing an additional 161,439 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its stake in BOX by 22.5% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 22,822 shares of the software maker’s stock valued at $683,000 after acquiring an additional 4,199 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in BOX by 8.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 392,779 shares of the software maker’s stock valued at $11,748,000 after acquiring an additional 30,723 shares in the last quarter. 86.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on BOX. Morgan Stanley lowered their target price on shares of BOX from $38.00 to $33.00 and set an “equal weight” rating for the company in a research note on Thursday, March 12th. UBS Group raised 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. DA Davidson restated a “buy” rating and issued a $45.00 target price on shares of BOX in a research note on Wednesday, May 27th. Wall Street Zen downgraded shares of BOX from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings upgraded shares of BOX from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Three research 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. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $35.33.

Insider Buying and Selling at BOX

In related news, CFO Dylan C. Smith sold 17,000 shares of BOX stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $26.00, for a total transaction of $442,000.00. Following the completion of the transaction, the chief financial officer directly owned 1,364,049 shares of the company’s stock, valued at $35,465,274. This trade represents a 1.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Eli Berkovitch sold 6,300 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $25.36, for a total transaction of $159,768.00. Following the transaction, the vice president owned 115,679 shares in the company, valued at $2,933,619.44. The trade was a 5.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 130,302 shares of company stock valued at $3,208,520 in the last 90 days. Insiders own 3.99% of the company’s stock.

BOX Trading Up 0.4%

NYSE:BOX opened at $25.48 on Tuesday. Box, Inc. has a 1 year low of $21.34 and a 1 year high of $36.40. The firm’s fifty day simple moving average is $24.90 and its 200 day simple moving average is $26.02. The firm has a market capitalization of $3.53 billion, a PE ratio of 39.20, a PEG ratio of 1.43 and a beta of 0.74.

BOX (NYSE:BOX) last posted its quarterly earnings data on Tuesday, May 26th. The software maker reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.01. The company had revenue of $305.94 million for 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 business’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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. As a group, analysts anticipate that Box, Inc. will post 0.31 EPS for the current fiscal year.

BOX declared that its Board of Directors has authorized a stock buyback plan on Thursday, March 19th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the software maker to purchase up to 14.2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors 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.