98,086 Shares in Box, Inc. $BOX Acquired by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. purchased a new position in Box, Inc. (NYSE:BOX) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 98,086 shares of the software maker’s stock, valued at approximately $3,284,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its stake in BOX by 5,002.2% during the second quarter. Wellington Management Group LLP now owns 515,932 shares of the software maker’s stock valued at $13,693,000 after buying an additional 505,820 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in BOX by 13,002.6% in the first quarter. Pacer Advisors Inc. now owns 502,355 shares of the software maker’s stock worth $11,876,000 after acquiring an additional 498,521 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in BOX by 74.9% in the first quarter. Janus Henderson Group PLC now owns 1,147,381 shares of the software maker’s stock worth $27,141,000 after acquiring an additional 491,505 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in BOX by 4,928.5% in the third quarter. Assenagon Asset Management S.A. now owns 438,484 shares of the software maker’s stock worth $14,680,000 after acquiring an additional 429,764 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of BOX by 9.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,918,991 shares of the software maker’s stock worth $116,285,000 after acquiring an additional 407,733 shares during the last quarter. Institutional investors own 86.74% of the company’s stock.

Insiders Place Their Bets

In other BOX news, Director Dana Evan sold 6,158 shares of BOX stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $35.00, for a total value of $215,530.00. Following the completion of the sale, the director owned 115,739 shares of the company’s stock, valued at approximately $4,050,865. This trade represents a 5.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Eli Berkovitch sold 3,850 shares of the business’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $35.99, for a total value of $138,561.50. Following the completion of the transaction, the vice president owned 105,404 shares of the company’s stock, valued at $3,793,489.96. This represents a 3.52% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 75,969 shares of company stock worth $2,622,935. 3.99% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on BOX shares. DA Davidson raised their price target on BOX from $45.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, August 26th. UBS Group lifted their price target on BOX from $29.00 to $37.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 26th. Bank of America reiterated a “buy” rating on shares of BOX in a research note on Wednesday, August 26th. Weiss Ratings upgraded shares of BOX from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, October 6th. Finally, Citigroup increased their price objective on shares of BOX from $37.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, August 26th. Three 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, BOX currently has an average rating of “Hold” and an average price target of $37.80.

BOX Stock Up 3.7%

NYSE:BOX opened at $39.49 on Friday. The stock has a market cap of $5.42 billion, a price-to-earnings ratio of 57.24, a PEG ratio of 12.41 and a beta of 0.72. The company’s 50 day moving average price is $34.27 and its 200-day moving average price is $29.17. Box, Inc. has a 52 week low of $21.34 and a 52 week high of $39.64.

BOX (NYSE:BOX) last announced its quarterly earnings data on Tuesday, August 25th. The software maker reported $0.40 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.40. The company had revenue of $321.15 million during the quarter, compared to analyst estimates of $319.33 million. BOX had a net margin of 10.59% and a negative return on equity of 20.97%. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.33 EPS. BOX has set its Q3 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.540-1.540 EPS. As a group, sell-side analysts anticipate that Box, Inc. will post 0.32 earnings per share for the current year.

BOX Company Profile

Box, Inc provides cloud-based content management and file-sharing services for businesses and other organizations. Its platform, known as Box Content Cloud, enables users to securely store, access, share and collaborate on documents and other digital content from connected devices.

The company’s services include tools for workflow automation, electronic signatures, content governance, security, compliance and collaboration. Box also offers integrations with widely used business applications, helping organizations manage content across their existing technology environments.

Box was founded in 2005 by Aaron Levie, Dylan Smith, Sam Ghods and Jeff Queisser.