Raymond James & Associates Lowers Holdings in Commvault Systems, Inc. (NASDAQ:CVLT)

Raymond James & Associates decreased its holdings in Commvault Systems, Inc. (NASDAQ:CVLT) by 5.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,054 shares of the software maker’s stock after selling 589 shares during the quarter. Raymond James & Associates’ holdings in Commvault Systems were worth $803,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CVLT. CWM LLC increased its position in shares of Commvault Systems by 14,109.3% in the 3rd quarter. CWM LLC now owns 16,767 shares of the software maker’s stock valued at $1,134,000 after purchasing an additional 16,649 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Commvault Systems by 105.6% in the 3rd quarter. SG Americas Securities LLC now owns 30,129 shares of the software maker’s stock valued at $2,037,000 after purchasing an additional 15,477 shares during the last quarter. Exchange Traded Concepts LLC increased its position in shares of Commvault Systems by 1,581.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 8,998 shares of the software maker’s stock valued at $608,000 after purchasing an additional 8,463 shares during the last quarter. Simplicity Solutions LLC increased its position in shares of Commvault Systems by 7.6% in the 3rd quarter. Simplicity Solutions LLC now owns 5,642 shares of the software maker’s stock valued at $381,000 after purchasing an additional 397 shares during the last quarter. Finally, Lindenwold Advisors INC grew its position in shares of Commvault Systems by 2.7% in the 3rd quarter. Lindenwold Advisors INC now owns 7,179 shares of the software maker’s stock valued at $485,000 after buying an additional 186 shares during the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Allison Pickens sold 990 shares of the 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 completion of the sale, the director now owns 7,206 shares in the company, valued at approximately $682,624.38. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CFO Gary Merrill sold 822 shares of the firm’s stock in a transaction on 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 owns 87,945 shares in the company, valued at approximately $8,552,651.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Allison Pickens sold 990 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $94.73, for a total transaction of $93,782.70. Following the completion of the sale, the director now owns 7,206 shares of the company’s stock, valued at approximately $682,624.38. 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 90 days. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

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

Commvault Systems Price Performance

Shares of NASDAQ:CVLT opened at $95.54 on Tuesday. The stock has a market cap of $4.18 billion, a P/E ratio of -3,183.61 and a beta of 0.62. The firm has a fifty day moving average price of $97.18 and a 200 day moving average price of $83.17. Commvault Systems, Inc. has a 1-year low of $56.76 and a 1-year high of $102.21.

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

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.