Royal Bank of Canada Increases Stock Holdings in Box, Inc. $BOX

Royal Bank of Canada raised its stake in Box, Inc. (NYSE:BOX) by 8.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 638,062 shares of the software maker’s stock after purchasing an additional 49,758 shares during the period. Royal Bank of Canada owned 0.44% of BOX worth $19,690,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in BOX. Sunriver Management LLC increased its stake in BOX by 62.9% in the first quarter. Sunriver Management LLC now owns 1,546,862 shares of the software maker’s stock valued at $47,736,000 after purchasing an additional 597,410 shares during the last quarter. RGM Capital LLC increased its stake in BOX by 9.3% in the first quarter. RGM Capital LLC now owns 3,749,773 shares of the software maker’s stock valued at $115,718,000 after purchasing an additional 318,459 shares during the last quarter. Janus Henderson Group PLC increased its stake in BOX by 126.0% in the fourth quarter. Janus Henderson Group PLC now owns 487,387 shares of the software maker’s stock valued at $15,399,000 after purchasing an additional 271,745 shares during the last quarter. Edgestream Partners L.P. increased its stake in BOX by 248.8% in the first quarter. Edgestream Partners L.P. now owns 294,887 shares of the software maker’s stock valued at $9,100,000 after purchasing an additional 210,350 shares during the last quarter. Finally, Voss Capital LP purchased a new position in BOX in the first quarter valued at approximately $5,958,000. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Bethany Mayer sold 5,123 shares of the stock in a transaction on Monday, June 30th. The stock was sold at an average price of $34.06, for a total transaction of $174,489.38. Following the completion of the sale, the director directly owned 15,284 shares of the company’s stock, valued at $520,573.04. This trade represents a 25.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Eli Berkovitch sold 3,000 shares of the stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $33.34, for a total value of $100,020.00. Following the sale, the vice president directly owned 133,867 shares of the company’s stock, valued at approximately $4,463,125.78. This represents a 2.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,752 shares of company stock valued at $1,228,589. 3.90% of the stock is currently owned by company insiders.

BOX Price Performance

Shares of NYSE BOX opened at $33.50 on Wednesday. The stock has a fifty day moving average price of $32.34 and a 200 day moving average price of $32.37. Box, Inc. has a 1-year low of $28.00 and a 1-year high of $38.80. The company has a market cap of $4.85 billion, a PE ratio of 27.02 and a beta of 0.95.

BOX (NYSE:BOX) last issued its quarterly earnings results on Tuesday, August 26th. The software maker reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.02. BOX had a negative return on equity of 21.77% and a net margin of 20.30%.The firm had revenue of $294.00 million during the quarter, compared to the consensus estimate of $290.19 million. During the same period last year, the company earned $0.44 earnings per share. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. BOX has set its FY 2026 guidance at 1.260-1.28 EPS. Q3 2026 guidance at 0.310-0.32 EPS. Analysts anticipate that Box, Inc. will post 0.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on BOX shares. Wall Street Zen lowered shares of BOX from a “buy” rating to a “hold” rating in a research note on Sunday, June 29th. DA Davidson set a $45.00 price objective on BOX and gave the company a “buy” rating in a report on Wednesday, May 28th. JPMorgan Chase & Co. increased their price objective on BOX from $37.00 to $39.00 and gave the company an “overweight” rating in a report on Wednesday, May 28th. Raymond James Financial reissued an “outperform” rating and issued a $42.00 price objective on shares of BOX in a report on Wednesday, August 27th. Finally, Morgan Stanley reissued a “positive” rating on shares of BOX in a report on Wednesday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $39.00.

BOX Profile

Box, Inc engages in the provision of an enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, Box Governance, Box Zones, Box Relay, Box Shuttle, and Box KeySafe.