New York State Teachers Retirement System Has $4.60 Million Holdings in Commvault Systems, Inc. (NASDAQ:CVLT)

New York State Teachers Retirement System decreased its position in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,545 shares of the software maker’s stock after selling 400 shares during the quarter. New York State Teachers Retirement System owned 0.13% of Commvault Systems worth $4,595,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Bank of Montreal Can lifted its position in Commvault Systems by 3.7% during the second quarter. Bank of Montreal Can now owns 5,009 shares of the software maker’s stock worth $330,000 after purchasing an additional 179 shares during the period. Lindenwold Advisors INC lifted its position in Commvault Systems by 2.7% during the third quarter. Lindenwold Advisors INC now owns 7,179 shares of the software maker’s stock worth $485,000 after purchasing an additional 186 shares during the period. Quantinno Capital Management LP lifted its position in Commvault Systems by 2.9% during the fourth quarter. Quantinno Capital Management LP now owns 6,647 shares of the software maker’s stock worth $418,000 after purchasing an additional 188 shares during the period. Captrust Financial Advisors lifted its position in Commvault Systems by 64.0% during the second quarter. Captrust Financial Advisors now owns 510 shares of the software maker’s stock worth $32,000 after purchasing an additional 199 shares during the period. Finally, Inspire Investing LLC lifted its position in Commvault Systems by 5.4% during the third quarter. Inspire Investing LLC now owns 4,548 shares of the software maker’s stock worth $307,000 after purchasing an additional 231 shares during the period. Institutional investors own 93.50% of the company’s stock.

Analyst Ratings Changes

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

Commvault Systems Trading Down 1.5 %

CVLT stock opened at $96.49 on Friday. The stock has a market capitalization of $4.22 billion, a P/E ratio of -3,215.26 and a beta of 0.62. Commvault Systems, Inc. has a 12 month low of $56.76 and a 12 month high of $102.21. The firm has a 50-day moving average price of $97.03 and a 200-day moving average price of $81.83.

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

Insider Activity at Commvault Systems

In related news, CEO Sanjay Mirchandani sold 21,494 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $97.82, for a total value of $2,102,543.08. Following the completion of the transaction, the chief executive officer now owns 399,356 shares in the company, valued at approximately $39,065,003.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Commvault Systems news, CEO Sanjay Mirchandani sold 21,494 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $97.82, for a total transaction of $2,102,543.08. Following the completion of the sale, the chief executive officer now owns 399,356 shares of the company’s stock, valued at approximately $39,065,003.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Gary Merrill sold 822 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $97.25, for a total transaction of $79,939.50. Following the sale, the chief financial officer now directly owns 87,945 shares of the company’s stock, valued at approximately $8,552,651.25. The disclosure for this sale can be found here. Insiders sold a total of 23,306 shares of company stock worth $2,276,265 in the last quarter. 1.00% of the stock is owned by insiders.

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.