Commvault Systems, Inc. (NASDAQ:CVLT) Shares Sold by American Capital Management Inc.

American Capital Management Inc. cut its stake in Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 1.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 767,821 shares of the software maker's stock after selling 11,410 shares during the period. Commvault Systems accounts for about 3.9% of American Capital Management Inc.'s investment portfolio, making the stock its 7th biggest position. American Capital Management Inc. owned approximately 1.76% of Commvault Systems worth $118,129,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Xponance Inc. boosted its holdings in Commvault Systems by 1.3% in the second quarter. Xponance Inc. now owns 6,371 shares of the software maker's stock valued at $775,000 after acquiring an additional 79 shares during the last quarter. EFG Asset Management North America Corp. boosted its stake in shares of 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 valued at $2,637,000 after purchasing an additional 103 shares during the last quarter. Natixis Advisors LLC grew its position in shares of Commvault Systems by 1.0% during the 2nd quarter. Natixis Advisors LLC now owns 13,693 shares of the software maker's stock worth $1,665,000 after buying an additional 138 shares during the period. Commonwealth Equity Services LLC raised its stake in shares of Commvault Systems by 5.4% during the second quarter. Commonwealth Equity Services LLC now owns 2,701 shares of the software maker's stock worth $328,000 after buying an additional 139 shares during the last quarter. Finally, Parallel Advisors LLC lifted its holdings in Commvault Systems by 5.9% in 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. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Commvault Systems Trading Down 0.0 %

Shares of NASDAQ:CVLT traded down $0.04 during trading on Friday, hitting $171.59. 144,938 shares of the company's stock traded hands, compared to its average volume of 385,520. The company has a 50-day moving average price of $158.48 and a 200-day moving average price of $140.51. Commvault Systems, Inc. has a 52 week low of $72.76 and a 52 week high of $178.72. The company has a market cap of $7.50 billion, a price-to-earnings ratio of 43.44 and a beta of 0.59.

Commvault Systems (NASDAQ:CVLT - Get Free Report) last announced its quarterly 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 earnings per share. The business's revenue was up 16.1% on a year-over-year basis. On average, analysts predict that Commvault Systems, Inc. will post 1.66 earnings per share for the current fiscal year.

Insider Activity at Commvault Systems

In other news, insider Gary Merrill sold 1,523 shares of the business's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $164.89, for a total transaction of $251,127.47. Following the transaction, the insider now directly owns 93,007 shares in the company, valued at $15,335,924.23. The trade was a 1.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sanjay Mirchandani sold 10,775 shares of the firm's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $165.30, for a total transaction of $1,781,107.50. Following the completion of the sale, the chief executive officer now owns 459,969 shares of the company's stock, valued at $76,032,875.70. This trade represents a 2.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

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.