First Trust Advisors LP Has $26.11 Million Holdings in Box, Inc. $BOX

First Trust Advisors LP trimmed its position in Box, Inc. (NYSE:BOX) by 5.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,104,397 shares of the software maker’s stock after selling 60,928 shares during the period. First Trust Advisors LP’s holdings in BOX were worth $26,108,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in BOX. PNC Financial Services Group Inc. raised its holdings in shares of BOX by 8.6% during the first quarter. PNC Financial Services Group Inc. now owns 14,018 shares of the software maker’s stock valued at $331,000 after acquiring an additional 1,110 shares during the period. Dimensional Fund Advisors LP boosted its stake in BOX by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,674,883 shares of the software maker’s stock worth $63,232,000 after purchasing an additional 13,983 shares during the period. KBC Group NV boosted its stake in BOX by 43.9% in the 1st quarter. KBC Group NV now owns 4,868 shares of the software maker’s stock worth $115,000 after purchasing an additional 1,485 shares during the period. Kesler Norman & Wride LLC grew its position in BOX by 23.7% during the 1st quarter. Kesler Norman & Wride LLC now owns 36,880 shares of the software maker’s stock worth $872,000 after purchasing an additional 7,076 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in BOX by 10.2% during the 1st quarter. Principal Financial Group Inc. now owns 1,010,921 shares of the software maker’s stock worth $23,898,000 after purchasing an additional 93,516 shares in the last quarter. 86.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BOX has been the topic of several recent analyst reports. DA Davidson restated a “buy” rating and issued a $45.00 target price on shares of BOX in a report on Wednesday, May 27th. Weiss Ratings upgraded BOX from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 23rd. Citigroup upped their price target on BOX from $36.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Wall Street Zen downgraded BOX from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, UBS Group raised their price objective on BOX from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $35.33.

BOX Stock Up 4.6%

BOX stock opened at $31.54 on Wednesday. The company has a 50 day moving average of $27.29 and a two-hundred day moving average of $25.54. The company has a market cap of $4.37 billion, a price-to-earnings ratio of 48.52, a PEG ratio of 10.64 and a beta of 0.74. Box, Inc. has a 12-month low of $21.34 and a 12-month high of $33.88.

BOX (NYSE:BOX) last posted its quarterly earnings results on Tuesday, May 26th. The software maker reported $0.37 EPS for the quarter, beating 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 period in the previous year, the company posted $0.30 EPS. BOX’s revenue was up 10.7% on a year-over-year basis. BOX has set its Q2 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.560-1.560 EPS. On average, research analysts anticipate that Box, Inc. will post 0.31 EPS for the current year.

Insider Transactions at BOX

In other news, CFO Dylan C. Smith sold 17,000 shares of the firm’s stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $29.05, for a total transaction of $493,850.00. Following the completion of the sale, the chief financial officer directly owned 1,337,075 shares of the company’s stock, valued at $38,842,028.75. This trade represents a 1.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Olivia Nottebohm sold 5,834 shares of BOX stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $30.13, for a total value of $175,778.42. Following the sale, the chief operating officer owned 519,216 shares of the company’s stock, valued at approximately $15,643,978.08. This represents a 1.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 114,294 shares of company stock worth $2,981,979 in the last ninety days. Company insiders own 3.99% of the company’s stock.

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.