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

Champlain Investment Partners LLC decreased its stake in shares of Box, Inc. (NYSE:BOX) by 56.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,326,515 shares of the software maker’s stock after selling 1,733,729 shares during the quarter. Champlain Investment Partners LLC owned about 0.93% of BOX worth $43,417,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in shares of BOX by 143.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock worth $44,000 after acquiring an additional 787 shares in the last quarter. Quarry LP increased its position in BOX by 324.6% in the second quarter. Quarry LP now owns 1,418 shares of the software maker’s stock worth $37,000 after purchasing an additional 1,084 shares during the last quarter. Toronto Dominion Bank purchased a new stake in BOX during the second quarter valued at $53,000. Farther Finance Advisors LLC lifted its position in BOX by 245.4% during the third quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker’s stock valued at $71,000 after purchasing an additional 1,536 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of BOX by 31.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock worth $69,000 after buying an additional 632 shares in the last quarter. 86.74% of the stock is owned by hedge funds and other institutional investors.

BOX Trading Up 2.3 %

Shares of BOX opened at $34.28 on Friday. The firm has a fifty day moving average price of $32.77 and a 200-day moving average price of $29.40. The firm has a market capitalization of $4.91 billion, a P/E ratio of 43.39 and a beta of 0.85. Box, Inc. has a 12-month low of $23.29 and a 12-month high of $35.07.

BOX (NYSE:BOX) last released its quarterly earnings data on Tuesday, August 27th. The software maker reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.04. The company had revenue of $270.04 million during the quarter, compared to analysts’ expectations of $269.52 million. BOX had a net margin of 13.94% and a negative return on equity of 14.41%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.01 EPS. Analysts predict that Box, Inc. will post 0.23 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on BOX. StockNews.com upgraded shares of BOX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 15th. Morgan Stanley raised their price objective on BOX from $30.00 to $33.00 and gave the company an “equal weight” rating in a research note on Thursday, September 5th. Citigroup boosted their target price on BOX from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. UBS Group raised their price target on BOX from $31.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Finally, William Blair reaffirmed an “outperform” rating on shares of BOX in a research note on Thursday, November 14th. One research 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.22.

Insiders Place Their Bets

In other news, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $32.52, for a total value of $422,760.00. Following the completion of the sale, the chief financial officer now owns 1,474,509 shares in the company, valued at approximately $47,951,032.68. The trade was a 0.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jack R. Lazar sold 7,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $32.68, for a total transaction of $228,760.00. Following the transaction, the director now owns 29,197 shares in the company, valued at approximately $954,157.96. This represents a 19.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 58,500 shares of company stock worth $1,939,895 in the last ninety days. 4.10% of the stock is owned by company insiders.

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.