Axa S.A. Has $2.66 Million Stock Position in Box, Inc. (NYSE:BOX)

Posted by Defense World Staff on Feb 27th, 2023

Axa S.A. grew its position in shares of Box, Inc. (NYSE:BOX – Get Rating) by 399.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 108,900 shares of the software maker’s stock after acquiring an additional 87,100 shares during the quarter. Axa S.A. owned 0.08% of BOX worth $2,656,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Renaissance Technologies LLC boosted its holdings in shares of BOX by 62.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,468,100 shares of the software maker’s stock valued at $36,908,000 after buying an additional 561,900 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of BOX by 14.7% in the 2nd quarter. Fifth Third Bancorp now owns 22,508 shares of the software maker’s stock valued at $566,000 after buying an additional 2,879 shares during the last quarter. Weil Company Inc. boosted its holdings in shares of BOX by 15.5% in the 2nd quarter. Weil Company Inc. now owns 109,685 shares of the software maker’s stock valued at $2,757,000 after buying an additional 14,689 shares during the last quarter. Gladius Capital Management LP acquired a new stake in shares of BOX in the 2nd quarter valued at approximately $411,000. Finally, Valmark Advisers Inc. boosted its holdings in shares of BOX by 8.4% in the 3rd quarter. Valmark Advisers Inc. now owns 36,181 shares of the software maker’s stock valued at $882,000 after buying an additional 2,808 shares during the last quarter. Institutional investors and hedge funds own 85.67% of the company’s stock.

BOX Price Performance

BOX stock opened at $33.24 on Monday. The stock has a market capitalization of $4.75 billion, a price-to-earnings ratio of -302.18, a PEG ratio of 13.69 and a beta of 1.05. The business’s fifty day moving average price is $31.87 and its two-hundred day moving average price is $29.19. Box, Inc. has a fifty-two week low of $22.31 and a fifty-two week high of $34.98.

BOX (NYSE:BOX – Get Rating) last posted its quarterly earnings data on Wednesday, November 30th. The software maker reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.06. The firm had revenue of $249.95 million for the quarter, compared to the consensus estimate of $250.79 million. Research analysts expect that Box, Inc. will post -0.09 EPS for the current year.

Insiders Place Their Bets

In related news, VP Eli Berkovitch sold 4,000 shares of the firm’s stock in a transaction on Monday, December 12th. The stock was sold at an average price of $30.14, for a total value of $120,560.00. Following the transaction, the vice president now owns 146,306 shares in the company, valued at $4,409,662.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Eli Berkovitch sold 4,000 shares of the firm’s stock in a transaction on Monday, December 12th. The stock was sold at an average price of $30.14, for a total value of $120,560.00. Following the transaction, the vice president now owns 146,306 shares in the company, valued at $4,409,662.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction on Monday, December 12th. The stock was sold at an average price of $29.39, for a total value of $382,070.00. Following the completion of the transaction, the chief financial officer now owns 1,316,082 shares in the company, valued at approximately $38,679,649.98. The disclosure for this sale can be found here. Insiders have sold 296,919 shares of company stock worth $8,827,394 in the last 90 days. Company insiders own 5.20% of the company’s stock.

Analysts Set New Price Targets

BOX has been the subject of several recent analyst reports. Royal Bank of Canada downgraded BOX from a “sector perform” rating to an “underperform” rating and cut their price objective for the company from $28.00 to $24.00 in a report on Tuesday, January 10th. JPMorgan Chase & Co. raised BOX from a “neutral” rating to an “overweight” rating and raised their price target for the company from $31.00 to $34.00 in a report on Monday, December 12th. StockNews.com downgraded BOX from a “strong-buy” rating to a “buy” rating in a report on Thursday. Oppenheimer reaffirmed an “outperform” rating and set a $35.00 price target on shares of BOX in a report on Monday, December 5th. Finally, Morgan Stanley raised their price target on BOX from $34.00 to $39.00 and gave the company an “overweight” rating in a report on Monday, December 19th. One equities research analyst has rated the stock with a sell rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.

BOX Company Profile

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Box, Inc engages in the provision of 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, box keysafe and automations.