Allianz Asset Management GmbH Sells 7,149 Shares of Commvault Systems, Inc. (NASDAQ:CVLT)

Allianz Asset Management GmbH cut its position in shares of Commvault Systems, Inc. (NASDAQ:CVLTFree Report) by 18.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,158 shares of the software maker’s stock after selling 7,149 shares during the period. Allianz Asset Management GmbH owned 0.07% of Commvault Systems worth $2,488,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CVLT. State Board of Administration of Florida Retirement System raised its stake in Commvault Systems by 3.8% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 13,166 shares of the software maker’s stock valued at $890,000 after acquiring an additional 480 shares during the period. State of New Jersey Common Pension Fund D lifted its stake in shares of Commvault Systems by 5.5% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 36,261 shares of the software maker’s stock worth $2,452,000 after buying an additional 1,883 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Commvault Systems during the 3rd quarter worth about $2,772,000. UBS Group AG grew its stake in Commvault Systems by 24.6% in the 3rd quarter. UBS Group AG now owns 45,207 shares of the software maker’s stock valued at $3,056,000 after buying an additional 8,929 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its holdings in Commvault Systems by 83.6% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 24,600 shares of the software maker’s stock valued at $1,663,000 after acquiring an additional 11,200 shares during the period. 93.50% of the stock is owned by institutional investors.

Insider Transactions at Commvault Systems

In related news, Director Charles E. Moran sold 11,000 shares of the stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $110.83, for a total transaction of $1,219,130.00. Following the sale, the director now owns 10,967 shares in the company, valued at approximately $1,215,472.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Commvault Systems news, CEO Sanjay Mirchandani sold 17,949 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $110.63, for a total transaction of $1,985,697.87. Following the completion of the transaction, the chief executive officer now owns 514,383 shares of the company’s stock, valued at $56,906,191.29. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Charles E. Moran sold 11,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $110.83, for a total transaction of $1,219,130.00. Following the completion of the sale, the director now owns 10,967 shares in the company, valued at $1,215,472.61. The disclosure for this sale can be found here. In the last 90 days, insiders sold 59,816 shares of company stock valued at $6,613,874. Company insiders own 1.00% of the company’s stock.

Commvault Systems Price Performance

Shares of NASDAQ CVLT opened at $114.72 on Friday. The business has a fifty day moving average price of $104.52 and a two-hundred day moving average price of $92.58. The stock has a market capitalization of $4.98 billion, a PE ratio of 30.51 and a beta of 0.60. Commvault Systems, Inc. has a fifty-two week low of $63.70 and a fifty-two week high of $119.51.

Commvault Systems (NASDAQ:CVLTGet Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The software maker reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.10. Commvault Systems had a return on equity of 31.27% and a net margin of 20.13%. The business had revenue of $223.29 million during the quarter, compared to the consensus estimate of $213.00 million. On average, equities analysts expect that Commvault Systems, Inc. will post 1.7 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CVLT. DA Davidson boosted their price objective on Commvault Systems from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. KeyCorp upped their price objective on Commvault Systems from $109.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Wells Fargo & Company lifted their target price on Commvault Systems from $125.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, May 16th. Royal Bank of Canada upped their price target on shares of Commvault Systems from $97.00 to $112.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 1st. Finally, Lake Street Capital raised their price target on shares of Commvault Systems from $86.00 to $98.00 and gave the stock a “hold” rating in a research report on Wednesday, May 1st. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Commvault Systems has an average rating of “Moderate Buy” and a consensus target price of $119.40.

Check Out Our Latest Research Report on Commvault Systems

About Commvault Systems

(Free Report)

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.

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Institutional Ownership by Quarter for Commvault Systems (NASDAQ:CVLT)

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