Natixis Advisors LLC Raises Holdings in Box, Inc. $BOX

Natixis Advisors LLC increased its position in Box, Inc. (NYSE:BOX) by 19.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 682,315 shares of the software maker’s stock after purchasing an additional 111,153 shares during the period. Natixis Advisors LLC’s holdings in BOX were worth $22,018,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Trust Advisors LP lifted its holdings in BOX by 6.2% during the third quarter. First Trust Advisors LP now owns 1,273,546 shares of the software maker’s stock valued at $41,097,000 after purchasing an additional 74,758 shares during the last quarter. Segall Bryant & Hamill LLC raised its position in shares of BOX by 2.5% in the third quarter. Segall Bryant & Hamill LLC now owns 524,715 shares of the software maker’s stock valued at $16,933,000 after purchasing an additional 12,795 shares during the period. Elo Mutual Pension Insurance Co raised its position in shares of BOX by 82.5% in the third quarter. Elo Mutual Pension Insurance Co now owns 60,223 shares of the software maker’s stock valued at $1,943,000 after purchasing an additional 27,229 shares during the period. American Century Companies Inc. lifted its stake in shares of BOX by 827.5% during the 3rd quarter. American Century Companies Inc. now owns 460,206 shares of the software maker’s stock valued at $14,851,000 after buying an additional 410,588 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its holdings in BOX by 38.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 43,953 shares of the software maker’s stock worth $1,418,000 after buying an additional 12,200 shares during the period. 86.74% of the stock is currently owned by institutional investors.

BOX Trading Down 0.8%

BOX stock opened at $24.63 on Thursday. Box, Inc. has a 1-year low of $21.61 and a 1-year high of $38.80. The firm has a market capitalization of $3.53 billion, a PE ratio of 41.75, a price-to-earnings-growth ratio of 1.03 and a beta of 0.80. The firm’s 50 day simple moving average is $25.53 and its 200 day simple moving average is $29.51.

BOX (NYSE:BOX) last announced its quarterly earnings results on Tuesday, March 3rd. The software maker reported $0.49 EPS for the quarter, beating the consensus estimate of $0.33 by $0.16. The firm had revenue of $305.88 million during the quarter, compared to the consensus estimate of $305.64 million. BOX had a net margin of 9.80% and a negative return on equity of 23.61%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the firm earned $0.42 EPS. Research analysts forecast that Box, Inc. will post 0.27 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on BOX shares. UBS Group reduced their price objective on shares of BOX from $31.00 to $28.00 and set a “hold” rating for the company in a research note on Wednesday, March 4th. Citigroup cut their price target on BOX from $40.00 to $36.00 and set a “buy” rating for the company in a report on Wednesday, March 4th. DA Davidson reiterated a “buy” rating and issued a $45.00 price target on shares of BOX in a research report on Wednesday, December 3rd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of BOX in a research note on Monday, December 29th. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $36.29.

Insider Activity at BOX

In related news, COO Olivia Nottebohm sold 4,612 shares of the business’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $25.78, for a total transaction of $118,897.36. Following the completion of the transaction, the chief operating officer directly owned 465,219 shares in the company, valued at $11,993,345.82. The trade was a 0.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Eli Berkovitch sold 5,163 shares of the company’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $29.96, for a total value of $154,683.48. Following the completion of the transaction, the vice president owned 123,684 shares in the company, valued at $3,705,572.64. This represents a 4.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 52,999 shares of company stock valued at $1,454,739. Company insiders own 3.90% 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.