Caisse DE Depot ET Placement DU Quebec Takes $15.26 Million Position in Commvault Systems, Inc. (NASDAQ:CVLT)

Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of Commvault Systems, Inc. (NASDAQ:CVLT) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 99,215 shares of the software maker’s stock, valued at approximately $15,264,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC boosted its stake in shares of Commvault Systems by 504.6% during the 2nd quarter. SG Americas Securities LLC now owns 13,016 shares of the software maker’s stock valued at $1,582,000 after buying an additional 10,863 shares during the period. Intech Investment Management LLC purchased a new position in Commvault Systems in the second quarter valued at about $2,221,000. Charles Schwab Investment Management Inc. increased its position in Commvault Systems by 25.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 586,795 shares of the software maker’s stock worth $90,278,000 after purchasing an additional 120,779 shares during the last quarter. Summit Partners Public Asset Management LLC purchased a new stake in shares of Commvault Systems during the 3rd quarter worth about $67,722,000. Finally, Ellsworth Advisors LLC acquired a new stake in shares of Commvault Systems during the 2nd quarter valued at about $495,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Commvault Systems news, insider Gary Merrill sold 1,523 shares of Commvault Systems stock in a transaction on Monday, November 18th. The shares were sold at an average price of $164.89, for a total transaction of $251,127.47. Following the sale, the insider now owns 93,007 shares in the company, valued at $15,335,924.23. The trade was a 1.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Sanjay Mirchandani sold 10,775 shares of the 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 completion of the transaction, the chief executive officer now owns 459,969 shares of the company’s stock, valued at approximately $76,032,875.70. This represents a 2.29 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

Commvault Systems Stock Down 0.0 %

CVLT opened at $171.59 on Monday. The stock’s 50 day moving average price is $158.48 and its two-hundred day moving average price is $140.51. The firm has a market capitalization of $7.50 billion, a P/E ratio of 43.44 and a beta of 0.59. Commvault Systems, Inc. has a 12-month low of $72.76 and a 12-month high of $178.72.

Commvault Systems (NASDAQ:CVLT) last announced its quarterly earnings data on Tuesday, October 29th. The software maker reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.07. The business had revenue of $233.28 million for the quarter, compared to the consensus estimate of $220.76 million. Commvault Systems had a net margin of 19.75% and a return on equity of 31.62%. Commvault Systems’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter last year, the company posted $0.30 earnings per share. As a group, analysts anticipate that Commvault Systems, Inc. will post 1.66 earnings per share for the current year.

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.