Needham Investment Management LLC Boosts Position in Box, Inc. $BOX

Needham Investment Management LLC lifted its stake in shares of Box, Inc. (NYSE:BOX) by 18.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 190,000 shares of the software maker’s stock after acquiring an additional 30,000 shares during the period. Needham Investment Management LLC owned 0.13% of BOX worth $5,683,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of BOX by 2.8% during the 3rd quarter. Vanguard Group Inc. now owns 18,487,018 shares of the software maker’s stock worth $596,576,000 after acquiring an additional 497,658 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in BOX by 15.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,511,258 shares of the software maker’s stock valued at $134,932,000 after buying an additional 604,946 shares during the period. Sei Investments Co. raised its holdings in BOX by 2.9% in the 3rd quarter. Sei Investments Co. now owns 3,316,783 shares of the software maker’s stock valued at $107,033,000 after buying an additional 94,289 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in BOX by 823,134.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,054,200 shares of the software maker’s stock valued at $91,351,000 after buying an additional 3,053,829 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in BOX by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,660,900 shares of the software maker’s stock valued at $79,592,000 after buying an additional 9,234 shares during the period. Hedge funds and other institutional investors own 86.74% of the company’s stock.

BOX Price Performance

Shares of NYSE:BOX opened at $25.48 on Tuesday. The firm has a market capitalization of $3.53 billion, a PE ratio of 39.20, a price-to-earnings-growth ratio of 1.43 and a beta of 0.74. The firm’s 50-day moving average is $24.90 and its two-hundred day moving average is $26.02. Box, Inc. has a 1 year low of $21.34 and a 1 year high of $36.40.

BOX (NYSE:BOX) last issued its quarterly earnings results on Tuesday, May 26th. The software maker reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The company had revenue of $305.94 million for the quarter, compared to analyst estimates of $304.39 million. BOX had a net margin of 10.35% and a negative return on equity of 24.19%. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.30 earnings per share. BOX has set its Q2 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.560-1.560 EPS. Analysts expect that Box, Inc. will post 0.31 EPS for the current fiscal year.

BOX announced 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 repurchase up to 14.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BOX. Morgan Stanley reduced their price objective on shares of BOX from $38.00 to $33.00 and set an “equal weight” rating on the stock in a report on Thursday, March 12th. UBS Group boosted their price objective on shares of BOX from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. Weiss Ratings upgraded shares of BOX from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Wall Street Zen lowered shares of BOX from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Finally, DA Davidson restated a “buy” rating and issued a $45.00 price objective on shares of BOX in a report on Wednesday, May 27th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $35.33.

Insider Buying and Selling at BOX

In other BOX news, CFO Dylan C. Smith sold 17,000 shares of the business’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $26.00, for a total transaction of $442,000.00. Following the sale, the chief financial officer directly owned 1,364,049 shares in the company, valued at $35,465,274. This represents a 1.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Eli Berkovitch sold 6,300 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $25.36, for a total transaction of $159,768.00. Following the sale, the vice president owned 115,679 shares in the company, valued at $2,933,619.44. This trade represents a 5.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 130,302 shares of company stock valued at $3,208,520 over the last three months. 3.99% of the stock is currently owned by company insiders.

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.