Principal Financial Group Inc. Boosts Holdings in Box, Inc. $BOX

Principal Financial Group Inc. raised its position in shares of Box, Inc. (NYSE:BOX) by 5.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 845,175 shares of the software maker’s stock after acquiring an additional 43,655 shares during the period. Principal Financial Group Inc. owned approximately 0.58% of BOX worth $27,274,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. AlphaQuest LLC boosted its stake in shares of BOX by 22.7% during the 3rd quarter. AlphaQuest LLC now owns 8,173 shares of the software maker’s stock worth $264,000 after purchasing an additional 1,511 shares during the period. Arizona State Retirement System lifted its stake in BOX by 2.1% in the third quarter. Arizona State Retirement System now owns 42,851 shares of the software maker’s stock worth $1,383,000 after purchasing an additional 888 shares during the last quarter. AE Wealth Management LLC purchased a new position in shares of BOX during the third quarter valued at approximately $223,000. Great Lakes Advisors LLC grew its stake in shares of BOX by 9.0% during the third quarter. Great Lakes Advisors LLC now owns 29,281 shares of the software maker’s stock valued at $945,000 after buying an additional 2,413 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of BOX by 43.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,391 shares of the software maker’s stock worth $852,000 after buying an additional 7,967 shares during the period. Institutional investors own 86.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Weiss Ratings restated a “hold (c+)” rating on shares of BOX in a report on Monday, December 29th. DA Davidson reissued a “buy” rating and set a $45.00 target price on shares of BOX in a research note on Wednesday, December 3rd. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $38.00.

BOX Stock Up 1.6%

Shares of NYSE BOX opened at $24.69 on Friday. Box, Inc. has a twelve month low of $23.70 and a twelve month high of $38.80. The firm has a market cap of $3.54 billion, a PE ratio of 19.91, a price-to-earnings-growth ratio of 1.39 and a beta of 0.79. The business has a fifty day simple moving average of $28.55 and a two-hundred day simple moving average of $30.83.

Insider Buying and Selling at BOX

In other news, COO Olivia Nottebohm sold 4,612 shares of the stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $26.04, for a total transaction of $120,096.48. Following the transaction, the chief operating officer directly owned 469,831 shares in the company, valued at approximately $12,234,399.24. This trade represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Aaron Levie sold 15,000 shares of BOX stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $30.53, for a total transaction of $457,950.00. Following the transaction, the chief executive officer directly owned 2,922,030 shares in the company, valued at approximately $89,209,575.90. The trade was a 0.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 87,499 shares of company stock worth $2,656,663. 3.90% of the stock is currently owned by company insiders.

BOX Company Profile

Box, Inc is a leading provider of cloud content management and file sharing solutions designed to support enterprises in securely managing, accessing and collaborating on digital content from anywhere. The company offers a unified platform that enables organizations to store, share and automate workflows across various departments, enhancing productivity and ensuring governance over sensitive information. Box’s services are tailored to meet the needs of industries such as healthcare, financial services, government and media, where compliance and data security are paramount.

The core offerings of Box include its Content Cloud platform, which provides content collaboration, workflow automation, data classification and secure file sharing.