Fideuram Intesa Sanpaolo Private Banking S.P.A. Takes $2.25 Million Position in Box, Inc. $BOX

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Box, Inc. (NYSE:BOX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 75,132 shares of the software maker’s stock, valued at approximately $2,247,000.

Several other hedge funds and other institutional investors also recently modified their holdings of BOX. CWM LLC increased its holdings in BOX by 25.6% during the 3rd quarter. CWM LLC now owns 1,503 shares of the software maker’s stock worth $49,000 after acquiring an additional 306 shares during the period. Linden Thomas Advisory Services LLC increased its holdings in BOX by 1.4% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 27,285 shares of the software maker’s stock worth $816,000 after acquiring an additional 387 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in BOX by 8.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,093 shares of the software maker’s stock worth $147,000 after acquiring an additional 405 shares during the period. ProShare Advisors LLC increased its holdings in BOX by 1.7% during the 4th quarter. ProShare Advisors LLC now owns 27,634 shares of the software maker’s stock worth $827,000 after acquiring an additional 449 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in BOX by 1.2% during the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 41,180 shares of the software maker’s stock worth $1,329,000 after acquiring an additional 469 shares during the period. Institutional investors own 86.74% of the company’s stock.

BOX Price Performance

BOX stock opened at $25.71 on Thursday. Box, Inc. has a one year low of $21.34 and a one year high of $38.80. The stock has a market cap of $3.56 billion, a PE ratio of 43.58, a P/E/G ratio of 1.32 and a beta of 0.71. The firm has a 50 day simple moving average of $24.14 and a two-hundred day simple moving average of $26.62.

BOX (NYSE:BOX) last released its quarterly earnings results on Tuesday, March 3rd. The software maker reported $0.49 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 business had revenue of $305.88 million during the quarter, compared to analysts’ expectations of $305.64 million. During the same quarter in the previous year, the company earned $0.42 EPS. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, research analysts expect that Box, Inc. will post 0.34 EPS for the current fiscal year.

BOX announced that its Board of Directors has authorized a stock buyback plan on Thursday, March 19th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the software maker to buy up to 14.2% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In other BOX news, VP Eli Berkovitch sold 24,500 shares of the stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $23.85, for a total transaction of $584,325.00. Following the completion of the sale, the vice president owned 95,516 shares of the company’s stock, valued at $2,278,056.60. This represents a 20.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Dylan C. Smith sold 23,720 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $24.96, for a total transaction of $592,051.20. Following the sale, the chief financial officer directly owned 1,381,049 shares of the company’s stock, valued at $34,470,983.04. The trade was a 1.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 137,086 shares of company stock worth $3,345,852 in the last ninety days. 3.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

BOX has been the topic of a number of analyst reports. DA Davidson reaffirmed a “buy” rating and set a $45.00 target price on shares of BOX in a report on Friday, March 20th. William Blair reaffirmed a “market perform” rating on shares of BOX in a report on Monday, March 23rd. Wall Street Zen lowered shares of BOX from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Morgan Stanley decreased their target price on shares of BOX from $38.00 to $33.00 and set an “equal weight” rating on the stock in a report on Thursday, March 12th. Finally, 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 report on Wednesday, March 4th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, BOX has a consensus rating of “Hold” and an average price target of $35.57.

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.