Commvault Systems, Inc. (NASDAQ:CVLT) Shares Sold by Strs Ohio

Strs Ohio cut its stake in Commvault Systems, Inc. (NASDAQ:CVLT) by 7.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,300 shares of the software maker’s stock after selling 1,300 shares during the quarter. Strs Ohio’s holdings in Commvault Systems were worth $1,221,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CVLT. CWM LLC lifted its holdings in Commvault Systems by 14,109.3% in the third quarter. CWM LLC now owns 16,767 shares of the software maker’s stock valued at $1,134,000 after acquiring an additional 16,649 shares during the period. SG Americas Securities LLC lifted its holdings in Commvault Systems by 105.6% in the third quarter. SG Americas Securities LLC now owns 30,129 shares of the software maker’s stock valued at $2,037,000 after acquiring an additional 15,477 shares during the period. Exchange Traded Concepts LLC lifted its holdings in Commvault Systems by 1,581.9% in the third quarter. Exchange Traded Concepts LLC now owns 8,998 shares of the software maker’s stock valued at $608,000 after acquiring an additional 8,463 shares during the period. Simplicity Solutions LLC lifted its holdings in Commvault Systems by 7.6% in the third quarter. Simplicity Solutions LLC now owns 5,642 shares of the software maker’s stock valued at $381,000 after acquiring an additional 397 shares during the period. Finally, Lindenwold Advisors INC lifted its holdings in Commvault Systems by 2.7% in the third quarter. Lindenwold Advisors INC now owns 7,179 shares of the software maker’s stock valued at $485,000 after acquiring an additional 186 shares during the period. 93.50% of the stock is owned by institutional investors and hedge funds.

Commvault Systems Stock Up 0.7 %

Shares of NASDAQ:CVLT opened at $95.54 on Tuesday. The business has a fifty day moving average of $97.18 and a two-hundred day moving average of $83.17. The stock has a market cap of $4.18 billion, a P/E ratio of -3,183.61 and a beta of 0.62. Commvault Systems, Inc. has a 52-week low of $56.76 and a 52-week high of $102.21.

Commvault Systems (NASDAQ:CVLT) last issued its earnings results on Tuesday, January 30th. The software maker reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.05. Commvault Systems had a positive return on equity of 32.27% and a negative net margin of 0.09%. The company had revenue of $216.81 million during the quarter, compared to analysts’ expectations of $208.01 million. During the same period in the prior year, the business earned $0.17 EPS. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. On average, equities analysts anticipate that Commvault Systems, Inc. will post 1.35 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on CVLT. KeyCorp raised Commvault Systems from a “sector weight” rating to an “overweight” rating and set a $109.00 price target for the company in a report on Wednesday, January 31st. Royal Bank of Canada boosted their price objective on Commvault Systems from $86.00 to $97.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 31st. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Commvault Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.60.

Insider Activity

In other news, Director Allison Pickens sold 990 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $94.73, for a total value of $93,782.70. Following the transaction, the director now owns 7,206 shares of the company’s stock, valued at approximately $682,624.38. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Allison Pickens sold 990 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $94.73, for a total transaction of $93,782.70. Following the transaction, the director now owns 7,206 shares of the company’s stock, valued at approximately $682,624.38. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Gary Merrill sold 822 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $97.25, for a total value of $79,939.50. Following the completion of the sale, the chief financial officer now directly owns 87,945 shares in the company, valued at approximately $8,552,651.25. The disclosure for this sale can be found here. Insiders have sold a total of 23,306 shares of company stock valued at $2,276,265 in the last quarter. Insiders own 1.00% of the company’s stock.

About Commvault Systems

Commvault Systems, Inc provides data protection platform that helps customers to secure, defend, and recover their data in the United States and internationally. The company offers Commvault Backup and Recovery, a backup and recovery solution; Commvault Disaster Recovery, a replication and disaster recovery solution; Commvault Complete Data Protection, a data protection solution; and Metallic Data Protection as-a-service, which delivers enterprise-grade data protection as a service on a cloud platform, with advanced built-in security controls.