Sumitomo Mitsui DS Asset Management Company Ltd Has $423,000 Stock Position in Box, Inc. $BOX

Sumitomo Mitsui DS Asset Management Company Ltd decreased its stake in Box, Inc. (NYSE:BOX) by 35.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,373 shares of the software maker’s stock after selling 6,908 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in BOX were worth $423,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Sivia Capital Partners LLC acquired a new stake in shares of BOX in the second quarter worth $484,000. Krilogy Financial LLC lifted its position in BOX by 143.5% in the second quarter. Krilogy Financial LLC now owns 30,544 shares of the software maker’s stock worth $1,044,000 after purchasing an additional 18,002 shares during the period. Harbor Capital Advisors Inc. lifted its position in BOX by 23.1% in the second quarter. Harbor Capital Advisors Inc. now owns 38,408 shares of the software maker’s stock worth $1,312,000 after purchasing an additional 7,200 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in BOX by 692.8% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,316 shares of the software maker’s stock worth $45,000 after purchasing an additional 1,150 shares during the period. Finally, Voya Investment Management LLC lifted its position in BOX by 16.3% in the first quarter. Voya Investment Management LLC now owns 390,661 shares of the software maker’s stock worth $12,056,000 after purchasing an additional 54,668 shares during the period. Institutional investors and hedge funds own 86.74% of the company’s stock.

Insider Buying and Selling

In other news, CFO Dylan C. Smith sold 51,000 shares of the firm’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $32.83, for a total value of $1,674,330.00. Following the completion of the sale, the chief financial officer directly owned 1,480,732 shares in the company, valued at approximately $48,612,431.56. This trade represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Dana L. Evan sold 7,590 shares of the firm’s stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $33.51, for a total value of $254,340.90. Following the completion of the sale, the director owned 115,725 shares of the company’s stock, valued at approximately $3,877,944.75. This trade represents a 6.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,752 shares of company stock valued at $3,395,069 in the last 90 days. 3.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently commented on BOX shares. Morgan Stanley reaffirmed a “positive” rating on shares of BOX in a research report on Wednesday, May 28th. JPMorgan Chase & Co. raised their target price on BOX from $37.00 to $39.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 28th. Zacks Research raised BOX from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 28th. Royal Bank Of Canada raised their target price on BOX from $24.00 to $26.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 27th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $42.00 target price on shares of BOX in a research report on Wednesday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $38.25.

BOX Stock Performance

Shares of NYSE BOX opened at $32.46 on Tuesday. The stock has a market cap of $4.70 billion, a PE ratio of 26.18 and a beta of 0.95. The business has a fifty day moving average of $32.24 and a two-hundred day moving average of $32.35. Box, Inc. has a 52-week low of $28.00 and a 52-week high of $38.80.

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

BOX Company 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.