Jupiter Asset Management Ltd. Lowers Stock Holdings in Box, Inc. $BOX

Jupiter Asset Management Ltd. cut its holdings in Box, Inc. (NYSE:BOX) by 2.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 748,507 shares of the software maker’s stock after selling 19,122 shares during the period. Jupiter Asset Management Ltd. owned 0.52% of BOX worth $25,576,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in BOX. Vise Technologies Inc. acquired a new position in BOX in the second quarter valued at $440,000. Prescott Group Capital Management L.L.C. purchased a new stake in BOX in the 2nd quarter valued at about $1,025,000. Acadian Asset Management LLC increased its stake in shares of BOX by 36.4% during the 2nd quarter. Acadian Asset Management LLC now owns 4,137,447 shares of the software maker’s stock valued at $141,345,000 after acquiring an additional 1,104,314 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of BOX during the 2nd quarter worth about $4,000,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of BOX by 442.0% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 486,077 shares of the software maker’s stock worth $16,609,000 after acquiring an additional 396,400 shares during the period. Institutional investors and hedge funds own 86.74% of the company’s stock.

BOX Trading Down 0.4%

Shares of NYSE BOX opened at $31.98 on Thursday. The stock has a fifty day moving average price of $32.50 and a 200 day moving average price of $32.87. Box, Inc. has a 12-month low of $28.00 and a 12-month high of $38.80. The company has a market cap of $4.63 billion, a P/E ratio of 25.79 and a beta of 0.87.

BOX (NYSE:BOX) last issued its earnings results on Tuesday, August 26th. The software maker reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.02. BOX had a negative return on equity of 21.77% and a net margin of 20.30%.The company had revenue of $294.00 million during the quarter, compared to the consensus estimate of $290.19 million. During the same quarter in the prior year, the business earned $0.44 earnings per share. The company’s revenue was up 8.9% compared to the same quarter last year. BOX has set its FY 2026 guidance at 1.260-1.28 EPS. Q3 2026 guidance at 0.310-0.32 EPS. On average, sell-side analysts forecast that Box, Inc. will post 0.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on BOX. Citigroup upped their price target on shares of BOX from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, August 27th. Zacks Research downgraded BOX from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. UBS Group cut BOX from a “buy” rating to a “neutral” rating and reduced their target price for the company from $42.00 to $36.00 in a report on Thursday, September 18th. Weiss Ratings reissued a “buy (b-)” rating on shares of BOX in a research report on Wednesday, October 8th. Finally, Raymond James Financial restated an “outperform” rating and issued a $42.00 price objective on shares of BOX in a report on Wednesday, August 27th. Eight investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.25.

Insider Buying and Selling

In other news, CFO Dylan C. Smith sold 17,000 shares of BOX stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $33.05, for a total transaction of $561,850.00. Following the sale, the chief financial officer owned 1,454,013 shares in the company, valued at $48,055,129.65. This trade represents a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Olivia Nottebohm sold 4,612 shares of the firm’s stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $33.09, for a total transaction of $152,611.08. Following the sale, the chief operating officer directly owned 502,251 shares of the company’s stock, valued at approximately $16,619,485.59. The trade was a 0.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 100,724 shares of company stock valued at $3,309,293 over the last three months. Company insiders own 3.90% of the company’s stock.

BOX Company 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.