Norges Bank Makes New $58.81 Million Investment in Box, Inc. $BOX

Norges Bank bought a new position in shares of Box, Inc. (NYSE:BOX) during the 4th quarter, Holdings Channel.com reports. The firm bought 1,966,352 shares of the software maker’s stock, valued at approximately $58,814,000.

Several other hedge funds have also recently bought and sold shares of BOX. Linden Thomas Advisory Services LLC grew its position in shares of BOX by 1.4% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 27,285 shares of the software maker’s stock valued at $816,000 after purchasing an additional 387 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of BOX by 8.6% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,093 shares of the software maker’s stock valued at $147,000 after purchasing an additional 405 shares during the last quarter. ProShare Advisors LLC grew its position in shares of BOX by 1.7% in the fourth quarter. ProShare Advisors LLC now owns 27,634 shares of the software maker’s stock valued at $827,000 after purchasing an additional 449 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in shares of BOX by 1.2% in the third 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 purchasing an additional 469 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in shares of BOX by 22.9% in the second quarter. Smartleaf Asset Management LLC now owns 2,633 shares of the software maker’s stock valued at $90,000 after purchasing an additional 490 shares during the last quarter. 86.74% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at BOX

In related news, VP Eli Berkovitch sold 6,300 shares of BOX stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $25.36, for a total transaction of $159,768.00. Following the sale, the vice president directly owned 115,679 shares of the company’s stock, valued at $2,933,619.44. This trade represents a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dana L. Evan sold 17,034 shares of BOX stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $24.24, for a total value of $412,904.16. Following the sale, the director directly owned 113,525 shares in the company, valued at approximately $2,751,846. This trade represents a 13.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 138,774 shares of company stock valued at $3,386,722 over the last quarter. Company insiders own 3.99% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Wall Street Zen downgraded BOX from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings raised BOX from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Citigroup raised their price target on BOX from $36.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. William Blair reaffirmed a “market perform” rating on shares of BOX in a research report on Monday, March 23rd. Finally, UBS Group raised their price target on BOX from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, BOX currently has an average rating of “Hold” and a consensus target price of $35.33.

BOX Stock Down 0.0%

BOX stock opened at $26.67 on Monday. Box, Inc. has a twelve month low of $21.34 and a twelve month high of $38.04. The company has a market cap of $3.69 billion, a PE ratio of 41.03, a price-to-earnings-growth ratio of 1.50 and a beta of 0.74. The business’s 50-day simple moving average is $24.61 and its 200 day simple moving average is $26.17.

BOX (NYSE:BOX) last released its earnings results on Tuesday, May 26th. The software maker reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. BOX had a negative return on equity of 24.19% and a net margin of 10.35%.The business had revenue of $305.94 million for the quarter, compared to the consensus estimate of $304.39 million. During the same period last year, the business earned $0.30 earnings per share. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. BOX has set its Q2 2027 guidance at 0.390-0.390 EPS and its FY 2027 guidance at 1.560-1.560 EPS. On average, equities research analysts anticipate that Box, Inc. will post 0.31 EPS for the current year.

BOX announced that its board has authorized a share repurchase program on Thursday, March 19th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the software maker to repurchase up to 14.2% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

BOX Company 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.