Atria Investments Inc Sells 1,747 Shares of Commvault Systems, Inc. (NASDAQ:CVLT)

Atria Investments Inc lowered its holdings in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 39.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,682 shares of the software maker’s stock after selling 1,747 shares during the quarter. Atria Investments Inc’s holdings in Commvault Systems were worth $413,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of CVLT. State Board of Administration of Florida Retirement System lifted its position in Commvault Systems by 8.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 14,246 shares of the software maker’s stock valued at $1,445,000 after purchasing an additional 1,080 shares during the last quarter. Blair William & Co. IL bought a new stake in shares of Commvault Systems in the 1st quarter worth about $203,000. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Commvault Systems in the 1st quarter worth about $595,000. Vanguard Group Inc. lifted its holdings in shares of Commvault Systems by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 5,531,703 shares of the software maker’s stock worth $561,081,000 after acquiring an additional 43,333 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its holdings in shares of Commvault Systems by 7.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 5,029 shares of the software maker’s stock worth $510,000 after acquiring an additional 341 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

Commvault Systems Stock Performance

NASDAQ CVLT opened at $170.75 on Friday. The company’s 50-day simple moving average is $155.16 and its two-hundred day simple moving average is $137.19. Commvault Systems, Inc. has a one year low of $69.71 and a one year high of $178.29. The company has a market capitalization of $7.47 billion, a price-to-earnings ratio of 43.28 and a beta of 0.59.

Commvault Systems (NASDAQ:CVLT) last issued its quarterly earnings data on Tuesday, October 29th. The software maker reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.07. Commvault Systems had a net margin of 19.75% and a return on equity of 31.62%. The firm had revenue of $233.28 million for the quarter, compared to the consensus estimate of $220.76 million. During the same quarter in the previous year, the firm earned $0.30 EPS. The company’s quarterly revenue was up 16.1% compared to the same quarter last year. Equities analysts expect that Commvault Systems, Inc. will post 1.66 earnings per share for the current fiscal year.

Insider Transactions at Commvault Systems

In related news, CEO Sanjay Mirchandani sold 10,775 shares of Commvault Systems stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $165.30, for a total value of $1,781,107.50. Following the completion of the sale, the chief executive officer now directly owns 459,969 shares in the company, valued at $76,032,875.70. This trade represents a 2.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Gary Merrill sold 17,388 shares of Commvault Systems stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $150.76, for a total transaction of $2,621,414.88. Following the completion of the sale, the insider now owns 94,530 shares of the company’s stock, valued at $14,251,342.80. This trade represents a 15.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,918 shares of company stock valued at $4,843,242 in the last 90 days. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. KeyCorp raised their target price on shares of Commvault Systems from $140.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. DA Davidson raised their price target on shares of Commvault Systems from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. StockNews.com downgraded shares of Commvault Systems from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 1st. Royal Bank of Canada raised their price target on shares of Commvault Systems from $164.00 to $182.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. Finally, Guggenheim downgraded shares of Commvault Systems from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $151.25.

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.