Y Intercept Hong Kong Ltd Purchases 117,771 Shares of Box, Inc. $BOX

Y Intercept Hong Kong Ltd grew its position in shares of Box, Inc. (NYSE:BOX) by 643.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 136,066 shares of the software maker’s stock after buying an additional 117,771 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in BOX were worth $4,649,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cerity Partners LLC bought a new position in shares of BOX during the first quarter valued at about $1,395,000. Sunriver Management LLC raised its stake in shares of BOX by 62.9% during the first quarter. Sunriver Management LLC now owns 1,546,862 shares of the software maker’s stock valued at $47,736,000 after acquiring an additional 597,410 shares during the last quarter. GAMMA Investing LLC increased its position in shares of BOX by 184.4% during the first quarter. GAMMA Investing LLC now owns 4,135 shares of the software maker’s stock valued at $128,000 after buying an additional 2,681 shares during the period. Principal Financial Group Inc. increased its position in shares of BOX by 2.9% during the first 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 during the period. Finally, Aigen Investment Management LP purchased a new position in shares of BOX during the first quarter valued at about $1,028,000. 86.74% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on BOX shares. UBS Group cut shares of BOX from a “buy” rating to a “neutral” rating and reduced their price target for the company from $42.00 to $36.00 in a research report on Thursday, September 18th. Royal Bank Of Canada boosted their price target on shares of BOX from $24.00 to $26.00 and gave the company an “underperform” rating in a research report on Wednesday, August 27th. Zacks Research cut shares of BOX from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Citigroup boosted their price target on shares of BOX from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, August 27th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of BOX in a research report on Wednesday, October 8th. Eight equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.25.

Insider Activity

In other news, VP Eli Berkovitch sold 3,500 shares of the stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $32.77, for a total transaction of $114,695.00. Following the sale, the vice president owned 128,847 shares in the company, valued at $4,222,316.19. This represents a 2.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Aaron Levie sold 15,000 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $32.81, for a total transaction of $492,150.00. Following the transaction, the chief executive officer owned 2,937,030 shares in the company, valued at approximately $96,363,954.30. This trade represents a 0.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 102,737 shares of company stock valued at $3,373,709. Company insiders own 3.90% of the company’s stock.

BOX Stock Performance

Shares of BOX opened at $32.66 on Wednesday. The stock has a market cap of $4.73 billion, a PE ratio of 26.33 and a beta of 0.90. Box, Inc. has a fifty-two week low of $28.00 and a fifty-two week high of $38.80. The firm’s 50-day simple moving average is $32.56 and its two-hundred day simple moving average is $32.74.

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

BOX 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.