Commvault Systems, Inc. (NASDAQ:CVLT) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its holdings in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 5.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 27,076 shares of the software maker’s stock after selling 1,463 shares during the period. Mutual of America Capital Management LLC’s holdings in Commvault Systems were worth $2,162,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. boosted its position in shares of Commvault Systems by 8.6% during the second quarter. BlackRock Inc. now owns 6,019,103 shares of the software maker’s stock worth $437,107,000 after buying an additional 478,120 shares during the period. Vanguard Group Inc. boosted its position in shares of Commvault Systems by 2.7% during the third quarter. Vanguard Group Inc. now owns 5,426,814 shares of the software maker’s stock worth $366,907,000 after buying an additional 144,625 shares during the period. Mackenzie Financial Corp boosted its position in shares of Commvault Systems by 0.3% during the third quarter. Mackenzie Financial Corp now owns 1,917,009 shares of the software maker’s stock worth $128,593,000 after buying an additional 6,130 shares during the period. State Street Corp boosted its position in shares of Commvault Systems by 2.8% during the second quarter. State Street Corp now owns 1,577,393 shares of the software maker’s stock worth $114,550,000 after buying an additional 42,809 shares during the period. Finally, Morgan Stanley boosted its position in shares of Commvault Systems by 26.9% during the third quarter. Morgan Stanley now owns 1,296,825 shares of the software maker’s stock worth $87,678,000 after buying an additional 274,966 shares during the period. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Commvault Systems Price Performance

Shares of NASDAQ:CVLT opened at $94.87 on Friday. Commvault Systems, Inc. has a 12 month low of $56.76 and a 12 month high of $102.21. The stock has a market cap of $4.15 billion, a price-to-earnings ratio of -3,161.28 and a beta of 0.62. The stock’s 50 day moving average price is $97.12 and its 200 day moving average price is $82.87.

Commvault Systems (NASDAQ:CVLT) last posted its quarterly 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. The company had revenue of $216.81 million for the quarter, compared to analysts’ expectations of $208.01 million. Commvault Systems had a positive return on equity of 32.27% and a negative net margin of 0.09%. The firm’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.17 earnings per share. On average, sell-side analysts expect that Commvault Systems, Inc. will post 1.35 EPS for the current year.

Insider Buying and Selling at Commvault Systems

In other Commvault Systems news, CFO Gary Merrill sold 822 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $97.25, for a total value of $79,939.50. Following the transaction, the chief financial officer now owns 87,945 shares of the company’s stock, valued at $8,552,651.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Commvault Systems news, Director Allison Pickens sold 990 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $94.73, for a total transaction of $93,782.70. Following the sale, the director now directly owns 7,206 shares of the company’s stock, valued at approximately $682,624.38. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Gary Merrill sold 822 shares of the business’s stock in a transaction 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 in the company, valued at $8,552,651.25. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,306 shares of company stock valued at $2,276,265. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

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

Commvault Systems Company 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.