Champlain Investment Partners LLC Sells 1,733,729 Shares of Box, Inc. (NYSE:BOX)

Champlain Investment Partners LLC lowered its stake in shares of Box, Inc. (NYSE:BOX - Free Report) by 56.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,326,515 shares of the software maker's stock after selling 1,733,729 shares during the period. Champlain Investment Partners LLC owned approximately 0.93% of BOX worth $43,417,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Assenagon Asset Management S.A. lifted its stake in shares of BOX by 143.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 254,975 shares of the software maker's stock worth $6,742,000 after purchasing an additional 150,309 shares during the period. Vanguard Group Inc. lifted its stake in shares of BOX by 14.9% in the 1st quarter. Vanguard Group Inc. now owns 17,313,882 shares of the software maker's stock worth $490,329,000 after purchasing an additional 2,249,082 shares during the period. Teachers Retirement System of The State of Kentucky bought a new position in shares of BOX in the 1st quarter worth approximately $1,096,000. Comerica Bank lifted its stake in shares of BOX by 964.7% in the 1st quarter. Comerica Bank now owns 85,081 shares of the software maker's stock worth $2,409,000 after purchasing an additional 77,090 shares during the period. Finally, Bank of Montreal Can lifted its stake in shares of BOX by 16.0% in the 2nd quarter. Bank of Montreal Can now owns 351,850 shares of the software maker's stock worth $9,514,000 after purchasing an additional 48,633 shares during the period. Institutional investors own 86.74% of the company's stock.

Insider Activity at BOX

In related news, CFO Dylan C. Smith sold 13,000 shares of the firm's stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $32.89, for a total value of $427,570.00. Following the completion of the sale, the chief financial officer now directly owns 1,500,661 shares in the company, valued at $49,356,740.29. This trade represents a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jack R. Lazar sold 2,500 shares of the firm's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $34.75, for a total value of $86,875.00. Following the completion of the sale, the director now owns 26,697 shares of the company's stock, valued at approximately $927,720.75. This represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 58,500 shares of company stock valued at $1,939,895. 4.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BOX. Morgan Stanley increased their target price on shares of BOX from $30.00 to $33.00 and gave the stock an "equal weight" rating in a report on Thursday, September 5th. StockNews.com raised shares of BOX from a "buy" rating to a "strong-buy" rating in a report on Thursday, August 15th. UBS Group increased their target price on shares of BOX from $31.00 to $34.00 and gave the stock a "buy" rating in a report on Wednesday, August 28th. Monness Crespi & Hardt raised shares of BOX to a "hold" rating in a report on Friday, August 16th. Finally, Royal Bank of Canada reissued an "underperform" rating and issued a $21.00 target price on shares of BOX in a report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $31.22.

BOX Trading Up 2.3 %

Shares of BOX stock traded up $0.77 on Friday, reaching $34.28. The company's stock had a trading volume of 1,797,600 shares, compared to its average volume of 1,573,194. The stock's fifty day simple moving average is $32.77 and its 200-day simple moving average is $29.40. Box, Inc. has a 1 year low of $23.29 and a 1 year high of $35.07. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of 43.39 and a beta of 0.85.

BOX (NYSE:BOX - Get Free Report) last posted its earnings results on Tuesday, August 27th. The software maker reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.04. BOX had a net margin of 13.94% and a negative return on equity of 14.41%. The firm had revenue of $270.04 million during the quarter, compared to analyst estimates of $269.52 million. During the same period last year, the firm posted $0.01 earnings per share. BOX's revenue for the quarter was up 3.3% compared to the same quarter last year. Equities research analysts forecast that Box, Inc. will post 0.23 earnings per share for the current year.

BOX Profile

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company's Software-as-a-Service platform enables users to work with their content as they need from secure external collaboration and sharing, workspaces and portals, e-signature processes, and content workflows improving employee productivity and accelerating business processes.