California State Teachers Retirement System Increases Stock Position in Box, Inc. $BOX

California State Teachers Retirement System lifted its position in shares of Box, Inc. (NYSE:BOX) by 27.5% in the first quarter, HoldingsChannel reports. The institutional investor owned 173,666 shares of the software maker’s stock after purchasing an additional 37,421 shares during the period. California State Teachers Retirement System’s holdings in BOX were worth $4,105,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. First Horizon Corp lifted its stake in shares of BOX by 148.1% in the 4th quarter. First Horizon Corp now owns 831 shares of the software maker’s stock valued at $25,000 after purchasing an additional 496 shares in the last quarter. Geneos Wealth Management Inc. acquired a new stake in BOX during the 1st quarter worth approximately $31,000. Employees Retirement System of Texas purchased a new position in BOX in the third quarter valued at approximately $35,000. CIBC Private Wealth Group LLC raised its holdings in BOX by 1,778.1% in the third quarter. CIBC Private Wealth Group LLC now owns 1,202 shares of the software maker’s stock valued at $39,000 after buying an additional 1,138 shares during the period. Finally, Bayforest Capital Ltd acquired a new position in BOX during the fourth quarter valued at approximately $42,000. 86.74% of the stock is owned by hedge funds and other institutional investors.

BOX Stock Performance

BOX stock opened at $33.23 on Friday. The stock’s 50 day moving average price is $28.30 and its 200 day moving average price is $25.77. The firm has a market capitalization of $4.60 billion, a PE ratio of 51.13, a price-to-earnings-growth ratio of 11.24 and a beta of 0.73. Box, Inc. has a one year low of $21.34 and a one year high of $33.88.

BOX (NYSE:BOX) last released its quarterly earnings results on Tuesday, May 26th. The software maker reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. BOX had a negative return on equity of 24.19% and a net margin of 10.35%.The firm had revenue of $305.94 million during the quarter, compared to analysts’ expectations of $304.39 million. During the same quarter in the prior year, the business earned $0.30 EPS. BOX’s quarterly revenue was up 10.7% compared to the same quarter last year. 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, analysts forecast that Box, Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on BOX. Citigroup boosted their price objective on shares of BOX from $36.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. DA Davidson reissued a “buy” rating and issued a $45.00 target price on shares of BOX in a research note on Wednesday, May 27th. UBS Group lifted their target price on shares of BOX from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. Weiss Ratings raised shares of BOX from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 23rd. Finally, Wall Street Zen downgraded BOX from a “strong-buy” rating to a “buy” rating in a 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 issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $35.33.

Insider Activity

In other BOX news, CEO Aaron Levie sold 15,000 shares of the company’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $24.32, for a total value of $364,800.00. Following the completion of the transaction, the chief executive officer directly owned 2,874,673 shares of the company’s stock, valued at $69,912,047.36. This represents a 0.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 sale, the chief operating officer owned 552,211 shares of the company’s stock, valued at $14,451,361.87. This represents a 1.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 101,716 shares of company stock valued at $2,708,056 over the last ninety days. 3.99% of the stock is owned by company insiders.

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.