Natixis Advisors LLC Cuts Stock Position in Commvault Systems, Inc. (NASDAQ:CVLT)

Natixis Advisors LLC trimmed its position in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 22.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,588 shares of the software maker’s stock after selling 3,105 shares during the period. Natixis Advisors LLC’s holdings in Commvault Systems were worth $1,629,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CVLT. Xponance Inc. raised its stake in shares of Commvault Systems by 1.3% during the second quarter. Xponance Inc. now owns 6,371 shares of the software maker’s stock worth $775,000 after acquiring an additional 79 shares in the last quarter. EFG Asset Management North America Corp. raised its position in Commvault Systems by 0.5% in the 2nd quarter. EFG Asset Management North America Corp. now owns 21,699 shares of the software maker’s stock worth $2,637,000 after purchasing an additional 103 shares during the period. Commonwealth Equity Services LLC lifted its stake in Commvault Systems by 5.4% in the second quarter. Commonwealth Equity Services LLC now owns 2,701 shares of the software maker’s stock worth $328,000 after purchasing an additional 139 shares during the last quarter. Parallel Advisors LLC boosted its position in Commvault Systems by 5.9% during the second quarter. Parallel Advisors LLC now owns 2,749 shares of the software maker’s stock valued at $334,000 after buying an additional 153 shares during the period. Finally, Signaturefd LLC grew its stake in shares of Commvault Systems by 70.8% during the second quarter. Signaturefd LLC now owns 410 shares of the software maker’s stock valued at $50,000 after buying an additional 170 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Sanjay Mirchandani sold 10,775 shares of Commvault Systems stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $165.30, for a total transaction of $1,781,107.50. Following the sale, the chief executive officer now directly owns 459,969 shares in the company, valued at $76,032,875.70. The trade was a 2.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Gary Merrill sold 1,523 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $164.89, for a total value of $251,127.47. Following the completion of the transaction, the insider now owns 93,007 shares of the company’s stock, valued at approximately $15,335,924.23. This trade represents a 1.61 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,530 shares of company stock worth $2,221,827. Company insiders own 1.00% of the company’s stock.

Commvault Systems Stock Up 0.6 %

NASDAQ:CVLT opened at $175.60 on Tuesday. The firm’s fifty day simple moving average is $156.18 and its 200 day simple moving average is $138.28. The stock has a market cap of $7.68 billion, a P/E ratio of 45.06 and a beta of 0.59. Commvault Systems, Inc. has a twelve month low of $70.72 and a twelve month high of $178.29.

Commvault Systems (NASDAQ:CVLT) last announced its earnings results on Tuesday, October 29th. The software maker reported $0.83 earnings per share for the quarter, beating 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 analyst estimates of $220.76 million. During the same quarter in the previous year, the firm posted $0.30 EPS. The company’s revenue for the quarter was up 16.1% compared to the same quarter last year. On average, analysts expect that Commvault Systems, Inc. will post 1.66 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CVLT shares. Oppenheimer started coverage on Commvault Systems in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $200.00 target price for the company. StockNews.com downgraded Commvault Systems from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 1st. Guggenheim cut shares of Commvault Systems from a “buy” rating to a “neutral” rating in a report on Tuesday, October 15th. DA Davidson upped their price target on shares of Commvault Systems from $170.00 to $175.00 and gave the company a “buy” rating in a report on Friday, September 6th. Finally, 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 report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $151.25.

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.