Zurcher Kantonalbank Zurich Cantonalbank Purchases 969 Shares of Commvault Systems, Inc. (NASDAQ:CVLT)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 5.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,607 shares of the software maker’s stock after acquiring an additional 969 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Commvault Systems were worth $3,017,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Capital Performance Advisors LLP bought a new stake in Commvault Systems during the 3rd quarter valued at approximately $33,000. National Bank of Canada FI bought a new stake in shares of Commvault Systems in the 2nd quarter worth approximately $30,000. Hexagon Capital Partners LLC boosted its position in shares of Commvault Systems by 124.8% in the 2nd quarter. Hexagon Capital Partners LLC now owns 353 shares of the software maker’s stock worth $43,000 after purchasing an additional 196 shares in the last quarter. Signaturefd LLC boosted its position in shares of Commvault Systems by 70.8% in the 2nd quarter. Signaturefd LLC now owns 410 shares of the software maker’s stock worth $50,000 after purchasing an additional 170 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Commvault Systems by 140.5% in the 2nd quarter. GAMMA Investing LLC now owns 529 shares of the software maker’s stock worth $64,000 after purchasing an additional 309 shares in the last quarter. 93.50% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Royal Bank of Canada boosted their price target on Commvault Systems from $164.00 to $182.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Guggenheim lowered shares of Commvault Systems from a “buy” rating to a “neutral” rating in a report on Tuesday, October 15th. DA Davidson boosted their price objective on shares of Commvault Systems from $170.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Oppenheimer assumed coverage on shares of Commvault Systems in a report on Wednesday, November 13th. They issued an “outperform” rating and a $200.00 price objective for the company. Finally, StockNews.com lowered shares of Commvault Systems from a “strong-buy” rating to a “buy” rating in a report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $151.25.

Commvault Systems Trading Down 0.3 %

Shares of CVLT opened at $170.39 on Wednesday. The firm has a market cap of $7.45 billion, a PE ratio of 43.14 and a beta of 0.61. The firm has a fifty day simple moving average of $159.15 and a two-hundred day simple moving average of $141.35. Commvault Systems, Inc. has a 1-year low of $73.33 and a 1-year high of $178.72.

Commvault Systems (NASDAQ:CVLT) last announced its earnings results on Tuesday, October 29th. The software maker reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.07. The business had revenue of $233.28 million during the quarter, compared to analyst estimates of $220.76 million. Commvault Systems had a net margin of 19.75% and a return on equity of 31.62%. The company’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 EPS. As a group, research analysts forecast that Commvault Systems, Inc. will post 1.66 EPS for the current fiscal year.

Insider Activity

In other news, Director Allison Pickens sold 1,232 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $172.50, for a total transaction of $212,520.00. Following the completion of the sale, the director now owns 5,899 shares of the company’s stock, valued at $1,017,577.50. The trade was a 17.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Sanjay Mirchandani sold 10,775 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $165.30, for a total transaction of $1,781,107.50. Following the sale, the chief executive officer now directly owns 459,969 shares of the company’s stock, valued at approximately $76,032,875.70. The trade was a 2.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,530 shares of company stock valued at $2,244,755 in the last 90 days. Company insiders own 1.00% of the company’s stock.

Commvault Systems Profile

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.