Capital Fund Management S.A. Purchases 62,630 Shares of Box, Inc. $BOX

Capital Fund Management S.A. boosted its position in Box, Inc. (NYSE:BOX) by 19.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 378,101 shares of the software maker’s stock after purchasing an additional 62,630 shares during the period. Capital Fund Management S.A. owned about 0.26% of BOX worth $12,201,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Swiss National Bank boosted its stake in shares of BOX by 2.1% in the 3rd quarter. Swiss National Bank now owns 280,700 shares of the software maker’s stock worth $9,058,000 after buying an additional 5,900 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of BOX by 10.0% during the third quarter. Russell Investments Group Ltd. now owns 358,690 shares of the software maker’s stock valued at $11,580,000 after acquiring an additional 32,738 shares during the last quarter. Natixis Advisors LLC increased its position in shares of BOX by 19.5% during the third quarter. Natixis Advisors LLC now owns 682,315 shares of the software maker’s stock valued at $22,018,000 after acquiring an additional 111,153 shares during the last quarter. 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 worth $41,097,000 after acquiring an additional 74,758 shares during the period. Finally, Segall Bryant & Hamill LLC lifted its holdings in BOX by 2.5% during the third quarter. Segall Bryant & Hamill LLC now owns 524,715 shares of the software maker’s stock worth $16,933,000 after acquiring an additional 12,795 shares during the period. Hedge funds and other institutional investors own 86.74% of the company’s stock.

Insider Buying and Selling at BOX

In other BOX news, VP Eli Berkovitch sold 5,163 shares of the stock in a transaction on Monday, December 15th. The stock was sold at an average price of $29.96, for a total transaction of $154,683.48. Following the sale, 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. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Olivia Nottebohm sold 4,612 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $25.78, for a total value of $118,897.36. Following the completion of the transaction, the chief operating officer directly owned 465,219 shares of the company’s stock, valued at $11,993,345.82. The trade was a 0.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 84,999 shares of company stock valued at $2,245,779 in the last quarter. Corporate insiders own 3.90% of the company’s stock.

BOX Stock Down 0.0%

NYSE BOX opened at $24.66 on Friday. The company has a market cap of $3.53 billion, a PE ratio of 41.79, a price-to-earnings-growth ratio of 1.21 and a beta of 0.80. Box, Inc. has a 52 week low of $21.61 and a 52 week high of $38.80. The firm’s 50-day simple moving average is $25.42 and its two-hundred day simple moving average is $29.48.

BOX (NYSE:BOX) last posted its earnings results on Tuesday, March 3rd. The software maker reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.16. BOX had a net margin of 9.80% and a negative return on equity of 23.61%. The firm had revenue of $305.88 million during the quarter, compared to the consensus estimate of $305.64 million. During the same quarter last year, the company earned $0.42 earnings per share. The company’s revenue was up 9.4% on a year-over-year basis. As a group, equities research analysts anticipate that Box, Inc. will post 0.27 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on BOX shares. UBS Group reduced their price objective on BOX from $31.00 to $28.00 and set a “hold” rating for the company in a research note on Wednesday, March 4th. Weiss Ratings reiterated a “hold (c+)” rating on shares of BOX in a research note on Monday, December 29th. Morgan Stanley reduced their price target on shares of BOX from $38.00 to $33.00 and set an “equal weight” rating for the company in a research report on Thursday. DA Davidson restated a “buy” rating and set a $45.00 price objective on shares of BOX in a report on Wednesday, December 3rd. Finally, Citigroup lowered their price objective on shares of BOX from $40.00 to $36.00 and set a “buy” rating on the stock in a research report on Wednesday, March 4th. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $35.57.

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.