Activist Investor Starboard Discloses Stake in Software Maker Box

Starboard Value LP reported that it has acquired a 7.5% stake in Box Inc., putting additional pressure on a software maker that has struggled to accelerate sales and become more profitable.

The activist investor may seek changes at the company, including to its strategy and board composition, according to a regulatory filing Tuesday. The new stockholder said the shares “were undervalued and represented an attractive investment opportunity.” The stake makes Starboard Box’s third-largest investor, according to data compiled by Bloomberg.