Hillsdale Investment Management Inc. Decreases Stake in Box, Inc. $BOX

Hillsdale Investment Management Inc. reduced its position in Box, Inc. (NYSE:BOX) by 8.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 228,250 shares of the software maker’s stock after selling 21,100 shares during the period. Hillsdale Investment Management Inc. owned approximately 0.16% of BOX worth $6,827,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Linden Thomas Advisory Services LLC boosted its position in BOX by 1.4% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 27,285 shares of the software maker’s stock valued at $816,000 after buying an additional 387 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in BOX by 8.6% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,093 shares of the software maker’s stock valued at $147,000 after buying an additional 405 shares during the last quarter. ProShare Advisors LLC boosted its position in BOX by 1.7% in the 4th quarter. ProShare Advisors LLC now owns 27,634 shares of the software maker’s stock valued at $827,000 after buying an additional 449 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in BOX by 1.2% in the 3rd 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 buying an additional 469 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in BOX by 22.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,633 shares of the software maker’s stock valued at $90,000 after buying an additional 490 shares during the last quarter. 86.74% of the stock is owned by hedge funds and other institutional investors.

BOX Stock Performance

Shares of BOX stock opened at $26.97 on Friday. Box, Inc. has a one year low of $21.34 and a one year high of $38.80. The company’s 50-day simple moving average is $24.28 and its 200-day simple moving average is $26.37. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of 41.49, a PEG ratio of 1.37 and a beta of 0.71.

BOX (NYSE:BOX) last issued its quarterly earnings results on Tuesday, May 26th. The software maker reported $0.37 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $304.39 million. During the same quarter last year, the company posted $0.30 earnings per share. The company’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, research analysts forecast that Box, Inc. will post 0.34 EPS 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 repurchase $500.00 million in outstanding shares. This repurchase authorization allows the software maker to buy up to 14.2% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at BOX

In other BOX news, CFO Dylan C. Smith sold 23,720 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $24.96, for a total value of $592,051.20. Following the transaction, the chief financial officer owned 1,381,049 shares of the company’s stock, valued at $34,470,983.04. This trade represents a 1.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Olivia Nottebohm sold 12,470 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $25.17, for a total transaction of $313,869.90. Following the completion of the transaction, the chief operating officer directly owned 558,739 shares in the company, valued at $14,063,460.63. This represents a 2.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 143,386 shares of company stock valued at $3,505,620. Corporate insiders own 3.99% of the company’s stock.

Wall Street Analysts Forecast Growth

BOX has been the subject of a number of analyst reports. Morgan Stanley decreased their price objective 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, March 12th. UBS Group upped their price objective on shares of BOX from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday. DA Davidson reissued a “buy” rating and issued a $45.00 price objective on shares of BOX in a research report on Wednesday. Citigroup increased their price target on shares of BOX from $36.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Wall Street Zen cut shares of BOX from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $35.33.

BOX 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.