Jupiter Asset Management Ltd. Reduces Stock Position in Box, Inc. $BOX

Jupiter Asset Management Ltd. reduced its holdings in shares of Box, Inc. (NYSE:BOX) by 2.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 748,507 shares of the software maker’s stock after selling 19,122 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in BOX were worth $25,576,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. TCTC Holdings LLC raised its holdings in BOX by 115.4% in the first quarter. TCTC Holdings LLC now owns 825 shares of the software maker’s stock valued at $25,000 after acquiring an additional 442 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of BOX by 7,130.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 723 shares of the software maker’s stock worth $25,000 after purchasing an additional 713 shares during the last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of BOX in the 1st quarter valued at about $31,000. Ameritas Advisory Services LLC bought a new position in shares of BOX during the second quarter worth about $41,000. Finally, MassMutual Private Wealth & Trust FSB grew its stake 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 in the last quarter. Institutional investors and hedge funds own 86.74% of the company’s stock.

Insider Activity at BOX

In related news, CFO Dylan C. Smith sold 51,000 shares of the stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $32.83, for a total value of $1,674,330.00. Following the completion of the transaction, the chief financial officer owned 1,480,732 shares in the company, valued at $48,612,431.56. This represents a 3.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Aaron Levie sold 15,000 shares of the business’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $32.81, for a total transaction of $492,150.00. Following the sale, the chief executive officer owned 2,937,030 shares in the company, valued at $96,363,954.30. This trade represents a 0.51% 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 100,724 shares of company stock worth $3,309,293 in the last ninety days. 3.90% of the stock is currently owned by corporate insiders.

BOX Stock Down 0.4%

Shares of NYSE:BOX opened at $31.98 on Thursday. The company’s 50-day moving average price is $32.50 and its 200 day moving average price is $32.87. The company has a market cap of $4.63 billion, a PE ratio of 25.79 and a beta of 0.87. Box, Inc. has a fifty-two week low of $28.00 and a fifty-two week high of $38.80.

BOX (NYSE:BOX) last announced its quarterly earnings results on Tuesday, August 26th. The software maker reported $0.33 EPS for the quarter, beating the consensus estimate of $0.31 by $0.02. The company had revenue of $294.00 million for 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%. BOX’s revenue was up 8.9% compared to the same quarter last year. During the same quarter 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. As a group, equities analysts anticipate that Box, Inc. will post 0.27 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Royal Bank Of Canada increased their target price on BOX from $24.00 to $26.00 and gave the stock an “underperform” rating in a report on Wednesday, August 27th. Citigroup raised their price objective on BOX from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, August 27th. UBS Group lowered shares of BOX from a “buy” rating to a “neutral” rating and lowered their target price for the company from $42.00 to $36.00 in a research note on Thursday, September 18th. Weiss Ratings restated a “buy (b-)” rating on shares of BOX in a research report on Wednesday, October 8th. Finally, Zacks Research downgraded shares of BOX from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Eight equities 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $38.25.

About BOX

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.