Hsbc Holdings PLC Sells 2,062 Shares of Commvault Systems, Inc. (NASDAQ:CVLT)

Hsbc Holdings PLC lessened its position in shares of Commvault Systems, Inc. (NASDAQ:CVLTFree Report) by 13.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,303 shares of the software maker’s stock after selling 2,062 shares during the period. Hsbc Holdings PLC’s holdings in Commvault Systems were worth $1,066,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Headlands Technologies LLC acquired a new stake in shares of Commvault Systems in the fourth quarter valued at approximately $67,000. PNC Financial Services Group Inc. raised its position in shares of Commvault Systems by 28.5% in the third quarter. PNC Financial Services Group Inc. now owns 1,429 shares of the software maker’s stock valued at $97,000 after buying an additional 317 shares in the last quarter. Vise Technologies Inc. acquired a new stake in shares of Commvault Systems in the fourth quarter valued at approximately $212,000. Teza Capital Management LLC acquired a new stake in shares of Commvault Systems in the third quarter valued at approximately $253,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Commvault Systems in the third quarter valued at approximately $269,000. Institutional investors own 93.50% of the company’s stock.

Commvault Systems Stock Performance

Shares of NASDAQ:CVLT opened at $114.72 on Monday. The company has a fifty day moving average of $104.52 and a 200-day moving average of $92.74. The company 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 52-week low of $63.70 and a 52-week high of $119.51.

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

Insider Transactions at Commvault Systems

In other news, Director Vivie Lee sold 2,500 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $112.19, for a total transaction of $280,475.00. Following the completion of the transaction, the director now directly owns 13,589 shares in the company, valued at $1,524,549.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Vivie Lee sold 2,500 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $112.19, for a total value of $280,475.00. Following the sale, the director now owns 13,589 shares of the company’s stock, valued at $1,524,549.91. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Charles E. Moran sold 11,000 shares of the business’s stock in a transaction on Wednesday, May 29th. The stock was 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 directly owns 10,967 shares in the company, valued at approximately $1,215,472.61. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 59,816 shares of company stock worth $6,613,874. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Get Our Latest Stock Report on CVLT

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.

See Also

Want to see what other hedge funds are holding CVLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Commvault Systems, Inc. (NASDAQ:CVLTFree Report).

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

Receive News & Ratings for Commvault Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commvault Systems and related companies with MarketBeat.com's FREE daily email newsletter.