Box, Inc. $BOX Shares Acquired by First Trust Advisors LP

First Trust Advisors LP raised its position in shares of Box, Inc. (NYSE:BOX) by 6.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,273,546 shares of the software maker’s stock after purchasing an additional 74,758 shares during the period. First Trust Advisors LP owned 0.88% of BOX worth $41,097,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of BOX. CWM LLC increased its stake in shares of BOX by 25.6% in the third quarter. CWM LLC now owns 1,503 shares of the software maker’s stock valued at $49,000 after purchasing an additional 306 shares during the period. Portside Wealth Group LLC boosted its position in shares of BOX by 3.6% during the second quarter. Portside Wealth Group LLC now owns 10,380 shares of the software maker’s stock worth $355,000 after buying an additional 361 shares during the period. Aviva PLC grew its holdings in BOX by 3.4% in the 2nd quarter. Aviva PLC now owns 13,488 shares of the software maker’s stock worth $461,000 after buying an additional 442 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in BOX by 1.2% in the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 41,180 shares of the software maker’s stock valued at $1,329,000 after acquiring an additional 469 shares during the period. Finally, Franklin Resources Inc. increased its position in BOX by 2.1% in the 2nd quarter. Franklin Resources Inc. now owns 24,219 shares of the software maker’s stock valued at $828,000 after acquiring an additional 489 shares during the period. Institutional investors own 86.74% of the company’s stock.

BOX Stock Performance

Shares of BOX stock opened at $24.66 on Friday. Box, Inc. has a 1 year low of $21.61 and a 1 year high of $38.80. The stock has a market cap of $3.53 billion, a PE ratio of 41.79, a price-to-earnings-growth ratio of 1.21 and a beta of 0.80. The business’s fifty day moving average is $25.42 and its 200-day moving average is $29.48.

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

Analyst Ratings Changes

Several analysts have weighed in on the company. DA Davidson reaffirmed a “buy” rating and set a $45.00 target price on shares of BOX in a research note on Wednesday, December 3rd. Morgan Stanley lowered their price target on BOX from $38.00 to $33.00 and set an “equal weight” rating on the stock in a report on Thursday. Citigroup reduced their price objective 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of BOX in a research report on Monday, December 29th. Finally, UBS Group lowered 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. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, BOX presently has an average rating of “Hold” and an average target price of $35.57.

Insider Buying and Selling at BOX

In other news, CFO Dylan C. Smith sold 17,000 shares of BOX stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $24.72, for a total value of $420,240.00. Following the transaction, the chief financial officer owned 1,294,195 shares of the company’s stock, valued at $31,992,500.40. The trade was a 1.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Eli Berkovitch sold 5,163 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $29.96, for a total transaction of $154,683.48. Following the completion of the sale, the vice president owned 123,684 shares in the company, valued at $3,705,572.64. The trade was a 4.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 84,999 shares of company stock valued at $2,245,779 in the last ninety days. 3.90% of the stock is owned by insiders.

BOX 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.