Barclays PLC Has $13.30 Million Stock Position in Commvault Systems, Inc. (NASDAQ:CVLT)

Barclays PLC lowered its holdings in shares of Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 34.0% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 86,435 shares of the software maker's stock after selling 44,554 shares during the period. Barclays PLC owned about 0.20% of Commvault Systems worth $13,296,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Summit Partners Public Asset Management LLC acquired a new stake in Commvault Systems in the third quarter valued at approximately $67,722,000. AQR Capital Management LLC lifted its stake in shares of Commvault Systems by 33.5% in the 2nd quarter. AQR Capital Management LLC now owns 648,858 shares of the software maker's stock valued at $78,882,000 after acquiring an additional 162,722 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Commvault Systems by 7.5% during the 2nd quarter. Renaissance Technologies LLC now owns 1,813,487 shares of the software maker's stock valued at $220,466,000 after acquiring an additional 126,800 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Commvault Systems by 25.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 586,795 shares of the software maker's stock worth $90,278,000 after acquiring an additional 120,779 shares during the last quarter. Finally, Congress Asset Management Co. increased its holdings in Commvault Systems by 29.4% in the 3rd quarter. Congress Asset Management Co. now owns 492,162 shares of the software maker's stock worth $75,719,000 after purchasing an additional 111,715 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Commvault Systems

In other Commvault Systems news, CEO Sanjay Mirchandani sold 10,775 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $165.30, for a total value of $1,781,107.50. Following the transaction, the chief executive officer now owns 459,969 shares in the company, valued at approximately $76,032,875.70. This represents a 2.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gary Merrill sold 1,523 shares of the business's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $164.89, for a total value of $251,127.47. Following the sale, the insider now owns 93,007 shares of the company's stock, valued at approximately $15,335,924.23. This represents a 1.61 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,530 shares of company stock valued at $2,244,755. 1.00% of the stock is currently owned by company insiders.

Commvault Systems Price Performance

NASDAQ CVLT traded up $2.15 during mid-day trading on Monday, reaching $170.84. 203,109 shares of the stock were exchanged, compared to its average volume of 352,783. The stock has a market cap of $7.47 billion, a P/E ratio of 43.21 and a beta of 0.61. Commvault Systems, Inc. has a one year low of $73.33 and a one year high of $178.72. The stock has a 50 day simple moving average of $162.52 and a 200-day simple moving average of $144.85.

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

Analysts Set New Price Targets

A number of brokerages have recently commented on CVLT. Guggenheim lowered Commvault Systems from a "buy" rating to a "neutral" rating in a research note on Tuesday, October 15th. DA Davidson boosted their target price on shares of Commvault Systems from $170.00 to $175.00 and gave the stock a "buy" rating in a report on Friday, September 6th. Oppenheimer assumed coverage on shares of Commvault Systems in a research report on Wednesday, November 13th. They issued an "outperform" rating and a $200.00 price target for the company. StockNews.com lowered shares of Commvault Systems from a "strong-buy" rating to a "buy" rating in a report on Friday, November 1st. Finally, Royal Bank of Canada increased their price objective on Commvault Systems from $164.00 to $182.00 and gave the company a "sector perform" rating in a report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, Commvault Systems has a consensus rating of "Moderate Buy" and a consensus price target of $151.25.

Commvault Systems Company 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.