Amundi Sells 13,190 Shares of Box, Inc. $BOX

Amundi trimmed its holdings in Box, Inc. (NYSE:BOX) by 7.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 157,429 shares of the software maker’s stock after selling 13,190 shares during the quarter. Amundi owned approximately 0.11% of BOX worth $4,893,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BOX. Royal Bank of Canada raised its holdings in shares of BOX by 8.5% during the 1st quarter. Royal Bank of Canada now owns 638,062 shares of the software maker’s stock worth $19,690,000 after acquiring an additional 49,758 shares in the last quarter. Caption Management LLC raised its holdings in shares of BOX by 94.7% during the 1st quarter. Caption Management LLC now owns 43,025 shares of the software maker’s stock worth $1,328,000 after acquiring an additional 20,925 shares in the last quarter. Trexquant Investment LP raised its holdings in shares of BOX by 62.8% during the 1st quarter. Trexquant Investment LP now owns 164,928 shares of the software maker’s stock worth $5,090,000 after acquiring an additional 63,615 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of BOX by 2.2% during the 1st quarter. BNP Paribas Financial Markets now owns 1,070,157 shares of the software maker’s stock worth $33,025,000 after acquiring an additional 22,962 shares in the last quarter. Finally, RGM Capital LLC raised its holdings in shares of BOX by 9.3% during the 1st quarter. RGM Capital LLC now owns 3,749,773 shares of the software maker’s stock worth $115,718,000 after acquiring an additional 318,459 shares in the last quarter. 86.74% of the stock is currently owned by institutional investors.

Insider Activity at BOX

In other BOX news, VP Eli Berkovitch sold 3,000 shares of the stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $33.34, for a total transaction of $100,020.00. Following the transaction, the vice president directly owned 133,867 shares in the company, valued at $4,463,125.78. This represents a 2.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dana L. Evan sold 7,590 shares of the stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $33.51, for a total transaction of $254,340.90. Following the transaction, the director owned 115,725 shares in the company, valued at approximately $3,877,944.75. The trade was a 6.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 36,752 shares of company stock worth $1,228,589 over the last quarter. Corporate insiders own 3.90% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on BOX shares. DA Davidson set a $45.00 price objective on BOX and gave the stock a “buy” rating in a report on Wednesday, May 28th. Citigroup upped their price objective on BOX from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, August 27th. Royal Bank Of Canada upped their price objective on BOX from $24.00 to $26.00 and gave the stock an “underperform” rating in a report on Wednesday, August 27th. UBS Group upped their price objective on BOX from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, August 27th. Finally, Zacks Research upgraded BOX from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, BOX presently has an average rating of “Moderate Buy” and an average price target of $39.00.

BOX Trading Down 2.5%

Shares of BOX stock opened at $32.72 on Thursday. Box, Inc. has a 12 month low of $28.00 and a 12 month high of $38.80. The stock’s fifty day moving average price is $32.34 and its 200-day moving average price is $32.37. The firm has a market cap of $4.74 billion, a P/E ratio of 26.38 and a beta of 0.95.

BOX (NYSE:BOX) last issued its earnings results on Tuesday, August 26th. The software maker reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.02. BOX had a net margin of 20.30% and a negative return on equity of 21.77%. The company had revenue of $294.00 million for the quarter, compared to analysts’ expectations of $290.19 million. During the same period in the prior year, the business earned $0.44 EPS. The firm’s quarterly revenue 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 forecast that Box, Inc. will post 0.27 earnings per share for the current year.

About BOX

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.