Ethic Inc. Buys Shares of 6,220 Box, Inc. $BOX

Ethic Inc. purchased a new stake in shares of Box, Inc. (NYSE:BOX) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 6,220 shares of the software maker’s stock, valued at approximately $211,000.

Several other hedge funds and other institutional investors have also modified their holdings of BOX. RGM Capital LLC boosted its position in BOX by 9.3% during 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. Congress Asset Management Co. raised its stake in shares of BOX by 2.2% during the 2nd quarter. Congress Asset Management Co. now owns 1,886,750 shares of the software maker’s stock worth $64,470,000 after purchasing an additional 40,681 shares in the last quarter. Sunriver Management LLC lifted its holdings in shares of BOX by 62.9% during the 1st quarter. Sunriver Management LLC now owns 1,546,862 shares of the software maker’s stock valued at $47,736,000 after buying an additional 597,410 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of BOX by 2.2% in the 1st quarter. BNP Paribas Financial Markets now owns 1,070,157 shares of the software maker’s stock valued at $33,025,000 after buying an additional 22,962 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of BOX by 2.9% in the 1st quarter. Principal Financial Group Inc. now owns 801,576 shares of the software maker’s stock valued at $24,737,000 after buying an additional 22,526 shares in the last quarter. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of BOX in a research report on Wednesday, October 8th. Royal Bank Of Canada increased their price target on shares of BOX from $24.00 to $26.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 27th. Zacks Research downgraded shares of BOX from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. UBS Group cut shares of BOX from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $42.00 to $36.00 in a report on Thursday, September 18th. Finally, Raymond James Financial reissued an “outperform” rating and set a $42.00 target price on shares of BOX in a research report on Wednesday, August 27th. Eight research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, BOX currently has an average rating of “Moderate Buy” and a consensus price target of $38.25.

Insider Activity

In other BOX news, VP Eli Berkovitch sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $32.77, for a total value of $114,695.00. Following the sale, the vice president owned 128,847 shares of the company’s stock, valued at $4,222,316.19. This trade represents a 2.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Olivia Nottebohm sold 4,612 shares of BOX stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $33.09, for a total value of $152,611.08. Following the completion of the transaction, the chief operating officer directly owned 502,251 shares in the company, valued at approximately $16,619,485.59. This represents a 0.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 102,737 shares of company stock worth $3,373,709 over the last 90 days. Company insiders own 3.90% of the company’s stock.

BOX Trading Up 0.8%

NYSE:BOX opened at $32.11 on Friday. The firm has a market capitalization of $4.65 billion, a PE ratio of 25.89 and a beta of 0.90. Box, Inc. has a 1 year low of $28.00 and a 1 year high of $38.80. The firm’s fifty day simple moving average is $32.58 and its 200 day simple moving average is $32.76.

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