Handelsbanken Fonder AB Cuts Stock Position in Box, Inc. $BOX

Handelsbanken Fonder AB cut its position in Box, Inc. (NYSE:BOX) by 24.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 49,553 shares of the software maker’s stock after selling 15,900 shares during the quarter. Handelsbanken Fonder AB’s holdings in BOX were worth $1,315,000 at the end of the most recent reporting period.

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

BOX Trading Up 0.6%

NYSE BOX opened at $32.49 on Wednesday. Box, Inc. has a 12-month low of $21.34 and a 12-month high of $33.88. The company has a fifty day simple moving average of $29.10 and a two-hundred day simple moving average of $26.09. The stock has a market cap of $4.50 billion, a P/E ratio of 49.99, a P/E/G ratio of 11.52 and a beta of 0.73.

BOX (NYSE:BOX) last announced its quarterly earnings data on Tuesday, May 26th. The software maker reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. BOX had a net margin of 10.35% and a negative return on equity of 24.19%. The firm had revenue of $305.94 million for the quarter, compared to analyst estimates of $304.39 million. During the same period in the previous year, the company earned $0.30 earnings per share. The business’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. As a group, sell-side analysts forecast that Box, Inc. will post 0.31 earnings per share for the current year.

Insider Transactions at BOX

In related news, VP Eli Berkovitch sold 1,800 shares of BOX stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $28.95, for a total transaction of $52,110.00. Following the completion of the sale, the vice president owned 109,254 shares of the company’s stock, valued at $3,162,903.30. The trade was a 1.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Dylan C. Smith sold 17,000 shares of BOX stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $29.05, for a total value of $493,850.00. Following the sale, the chief financial officer directly owned 1,337,075 shares of the company’s stock, valued at $38,842,028.75. This trade represents a 1.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 77,996 shares of company stock worth $2,116,005 in the last 90 days. 3.99% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

BOX has been the topic of a number of recent analyst reports. Wall Street Zen downgraded BOX from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings raised BOX from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 23rd. DA Davidson restated a “buy” rating and set a $45.00 target price on shares of BOX in a research note on Wednesday, May 27th. UBS Group upped their target price on BOX from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Finally, Citigroup increased their price target on BOX from $36.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $35.33.

BOX Company Profile

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.