Box, Inc. $BOX Shares Sold by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH reduced its holdings in Box, Inc. (NYSE:BOX) by 35.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 719,453 shares of the software maker’s stock after selling 396,434 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in BOX were worth $24,087,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fortitude Family Office LLC raised its stake in shares of BOX by 408.2% during the 3rd quarter. Fortitude Family Office LLC now owns 747 shares of the software maker’s stock worth $25,000 after buying an additional 600 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of BOX during the 2nd quarter valued at approximately $56,000. Farther Finance Advisors LLC lifted its position in shares of BOX by 34.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,195 shares of the software maker’s stock valued at $73,000 after buying an additional 567 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of BOX by 12.1% during the 3rd quarter. Versant Capital Management Inc now owns 2,910 shares of the software maker’s stock valued at $97,000 after buying an additional 314 shares in the last quarter. Finally, Globeflex Capital L P purchased a new position in shares of BOX during the 2nd quarter valued at approximately $102,000. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on BOX. Wall Street Zen cut shares of BOX from a “buy” rating to a “hold” rating in a research note on Sunday, October 4th. Bank of America restated a “buy” rating on shares of BOX in a research report on Wednesday, August 26th. DA Davidson upped their price objective on shares of BOX from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, August 26th. UBS Group increased their price objective on shares of BOX from $29.00 to $37.00 and gave the company a “neutral” rating in a report on Wednesday, August 26th. Finally, Weiss Ratings upgraded shares of BOX from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, October 6th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $37.80.

Insider Buying and Selling

In other news, CEO Aaron Levie sold 15,000 shares of the stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $34.24, for a total value of $513,600.00. Following the completion of the sale, the chief executive officer owned 2,859,673 shares of the company’s stock, valued at $97,915,203.52. This represents a 0.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Eli Berkovitch sold 3,850 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $35.99, for a total transaction of $138,561.50. Following the sale, the vice president owned 105,404 shares of the company’s stock, valued at $3,793,489.96. This represents a 3.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 75,969 shares of company stock worth $2,622,935 over the last ninety days. 3.99% of the stock is currently owned by insiders.

BOX Trading Up 3.7%

BOX stock opened at $39.49 on Friday. Box, Inc. has a 12 month low of $21.34 and a 12 month high of $39.64. The company has a market cap of $5.42 billion, a price-to-earnings ratio of 57.24, a PEG ratio of 12.41 and a beta of 0.72. The firm has a 50-day moving average of $34.27 and a two-hundred day moving average of $29.17.

BOX (NYSE:BOX) last announced its quarterly earnings data on Tuesday, August 25th. The software maker reported $0.40 EPS for the quarter, hitting analysts’ consensus estimates of $0.40. BOX had a negative return on equity of 20.97% and a net margin of 10.59%. The firm had revenue of $321.15 million for the quarter, compared to the consensus estimate of $319.33 million. During the same quarter last year, the business posted $0.33 earnings per share. The firm’s revenue was up 9.2% compared to the same quarter last year. BOX has set its Q3 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.540-1.540 EPS. As a group, equities analysts forecast that Box, Inc. will post 0.32 earnings per share for the current year.

About BOX

Box, Inc provides cloud-based content management and file-sharing services for businesses and other organizations. Its platform, known as Box Content Cloud, enables users to securely store, access, share and collaborate on documents and other digital content from connected devices.

The company’s services include tools for workflow automation, electronic signatures, content governance, security, compliance and collaboration. Box also offers integrations with widely used business applications, helping organizations manage content across their existing technology environments.

Box was founded in 2005 by Aaron Levie, Dylan Smith, Sam Ghods and Jeff Queisser.