Aristotle Capital Boston LLC Has $24.11 Million Stock Holdings in Box, Inc. $BOX

Aristotle Capital Boston LLC cut its position in shares of Box, Inc. (NYSE:BOX) by 9.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 805,961 shares of the software maker’s stock after selling 83,150 shares during the period. BOX accounts for 1.3% of Aristotle Capital Boston LLC’s portfolio, making the stock its 21st largest holding. Aristotle Capital Boston LLC’s holdings in BOX were worth $24,106,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Linden Thomas Advisory Services LLC increased its stake in shares of BOX by 1.4% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 27,285 shares of the software maker’s stock worth $816,000 after purchasing an additional 387 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of BOX by 8.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,093 shares of the software maker’s stock worth $147,000 after purchasing an additional 405 shares during the last quarter. ProShare Advisors LLC increased its holdings in shares of BOX by 1.7% in the fourth quarter. ProShare Advisors LLC now owns 27,634 shares of the software maker’s stock valued at $827,000 after purchasing an additional 449 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of BOX by 1.2% in the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 41,180 shares of the software maker’s stock valued at $1,329,000 after purchasing an additional 469 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of BOX by 22.9% in the second quarter. Smartleaf Asset Management LLC now owns 2,633 shares of the software maker’s stock valued at $90,000 after purchasing an additional 490 shares during the period. 86.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at BOX

In other BOX news, Director Dana L. Evan sold 17,034 shares of the stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $24.24, for a total transaction of $412,904.16. Following the transaction, the director owned 113,525 shares in the company, valued at $2,751,846. This represents a 13.05% 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 24,500 shares of the stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $23.85, for a total transaction of $584,325.00. Following the transaction, the vice president owned 95,516 shares in the company, valued at approximately $2,278,056.60. The trade was a 20.41% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 130,302 shares of company stock worth $3,208,520. 3.99% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BOX. Citigroup increased their price objective on shares of BOX from $36.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. DA Davidson reiterated a “buy” rating and issued a $45.00 price target on shares of BOX in a research note on Wednesday, May 27th. UBS Group upped their price target 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. Wall Street Zen lowered shares of BOX from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Morgan Stanley decreased their price target on shares of BOX from $38.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 12th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $35.33.

BOX Stock Performance

Shares of BOX opened at $24.96 on Thursday. Box, Inc. has a 52 week low of $21.34 and a 52 week high of $35.83. The firm has a market cap of $3.46 billion, a P/E ratio of 38.41, a price-to-earnings-growth ratio of 1.45 and a beta of 0.74. The firm’s 50-day simple moving average is $24.95 and its 200 day simple moving average is $25.96.

BOX (NYSE:BOX) last released its quarterly earnings results on Tuesday, May 26th. The software maker reported $0.37 EPS for the quarter, topping 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 business had revenue of $305.94 million for the quarter, compared to analyst estimates of $304.39 million. During the same period last year, the firm earned $0.30 earnings per share. BOX’s revenue for the quarter 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, equities analysts forecast that Box, Inc. will post 0.31 earnings per share for the current year.

BOX declared that its Board of Directors has initiated a share buyback program on Thursday, March 19th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the software maker to buy up to 14.2% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is 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.