American Century Companies Inc. Purchases 410,588 Shares of Box, Inc. $BOX

American Century Companies Inc. grew its position in shares of Box, Inc. (NYSE:BOX) by 827.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 460,206 shares of the software maker’s stock after purchasing an additional 410,588 shares during the quarter. American Century Companies Inc. owned approximately 0.32% of BOX worth $14,851,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Geneos Wealth Management Inc. purchased a new stake in shares of BOX in the 1st quarter valued at $31,000. Salomon & Ludwin LLC bought a new position in shares of BOX during the third quarter valued at about $32,000. Covestor Ltd grew its stake in shares of BOX by 112.8% during the third quarter. Covestor Ltd now owns 1,326 shares of the software maker’s stock valued at $42,000 after buying an additional 703 shares during the last quarter. CWM LLC increased its holdings in shares of BOX by 25.6% in the third quarter. CWM LLC now owns 1,503 shares of the software maker’s stock worth $49,000 after buying an additional 306 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of BOX by 1,995.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,263 shares of the software maker’s stock valued at $77,000 after acquiring an additional 2,155 shares during the last quarter. 86.74% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, VP Eli Berkovitch sold 5,163 shares of the stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $29.96, for a total value of $154,683.48. Following the completion of the transaction, the vice president directly owned 123,684 shares in the company, valued at $3,705,572.64. This trade represents a 4.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Olivia Nottebohm sold 4,612 shares of BOX stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $25.78, for a total transaction of $118,897.36. Following the transaction, the chief operating officer directly owned 465,219 shares of the company’s stock, valued at approximately $11,993,345.82. This trade represents a 0.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 52,999 shares of company stock worth $1,454,739. 3.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on BOX shares. DA Davidson reiterated a “buy” rating and issued a $45.00 price objective on shares of BOX in a research report on Wednesday, December 3rd. UBS Group decreased their target price on shares of BOX from $31.00 to $28.00 and set a “hold” rating on the stock in a research note on Wednesday, March 4th. Citigroup lowered their price target on shares of BOX from $40.00 to $36.00 and set a “buy” rating for the company in a report on Wednesday, March 4th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of BOX in a research report on Monday, December 29th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $36.29.

BOX Trading Down 2.5%

NYSE:BOX opened at $24.81 on Wednesday. The company has a 50-day moving average price of $25.64 and a 200-day moving average price of $29.55. The stock has a market cap of $3.55 billion, a price-to-earnings ratio of 42.06, a P/E/G ratio of 1.33 and a beta of 0.80. Box, Inc. has a 12 month low of $21.61 and a 12 month high of $38.80.

BOX (NYSE:BOX) last released its quarterly earnings results on Tuesday, March 3rd. The software maker reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.16. BOX had a net margin of 9.80% and a negative return on equity of 23.61%. The company had revenue of $305.88 million during the quarter, compared to the consensus estimate of $305.64 million. During the same period in the prior year, the firm earned $0.42 earnings per share. BOX’s revenue was up 9.4% on a year-over-year basis. Equities analysts forecast that Box, Inc. will post 0.27 EPS for the current fiscal year.

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.