Swiss National Bank Has $13.17 Million Position in Commvault Systems, Inc. (NASDAQ:CVLT)

Swiss National Bank trimmed its holdings in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 0.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,600 shares of the software maker’s stock after selling 300 shares during the quarter. Swiss National Bank owned 0.20% of Commvault Systems worth $13,170,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CVLT. SG Americas Securities LLC lifted its holdings in shares of Commvault Systems by 504.6% during the second quarter. SG Americas Securities LLC now owns 13,016 shares of the software maker’s stock worth $1,582,000 after purchasing an additional 10,863 shares during the period. Intech Investment Management LLC bought a new position in Commvault Systems during the second quarter worth $2,221,000. BOKF NA lifted its holdings in Commvault Systems by 55.3% in the first quarter. BOKF NA now owns 3,119 shares of the software maker’s stock valued at $313,000 after buying an additional 1,110 shares during the period. Vanguard Group Inc. grew its holdings in Commvault Systems by 0.8% during 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 period. Finally, Ellsworth Advisors LLC bought a new position in shares of Commvault Systems in the 2nd quarter worth about $495,000. 93.50% of the stock is owned by institutional investors.

Insider Buying and Selling at Commvault Systems

In other news, Director Allison Pickens sold 1,232 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $153.89, for a total value of $189,592.48. Following the completion of the transaction, the director now directly owns 7,131 shares of the company’s stock, valued at $1,097,389.59. This represents a 14.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Sanjay Mirchandani sold 10,775 shares of the 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 sale, the chief executive officer now directly owns 459,969 shares of the company’s stock, valued at $76,032,875.70. The trade was a 2.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,918 shares of company stock worth $4,843,242. Corporate insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

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

Commvault Systems Price Performance

NASDAQ:CVLT opened at $174.60 on Friday. Commvault Systems, Inc. has a one year low of $70.30 and a one year high of $178.29. The company has a market cap of $7.64 billion, a PE ratio of 44.20 and a beta of 0.59. The firm has a 50-day moving average of $156.18 and a 200-day moving average of $137.88.

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

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.