BNP Paribas Financial Markets Decreases Holdings in Commvault Systems, Inc. (NASDAQ:CVLT)

BNP Paribas Financial Markets decreased its position in shares of Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 55.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,344 shares of the software maker's stock after selling 35,420 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.06% of Commvault Systems worth $4,361,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Comerica Bank increased its position in Commvault Systems by 23.7% in the 1st quarter. Comerica Bank now owns 22,028 shares of the software maker's stock valued at $2,234,000 after acquiring an additional 4,224 shares during the period. GAMMA Investing LLC raised its position in Commvault Systems by 140.5% during the 2nd quarter. GAMMA Investing LLC now owns 529 shares of the software maker's stock worth $64,000 after purchasing an additional 309 shares during the last quarter. OLD National Bancorp IN acquired a new position in Commvault Systems during the 2nd quarter worth about $275,000. SG Americas Securities LLC lifted its holdings in Commvault Systems by 504.6% during the 2nd quarter. SG Americas Securities LLC now owns 13,016 shares of the software maker's stock worth $1,582,000 after buying an additional 10,863 shares during the period. Finally, Hexagon Capital Partners LLC grew its position in shares of Commvault Systems by 124.8% in the 2nd quarter. Hexagon Capital Partners LLC now owns 353 shares of the software maker's stock valued at $43,000 after buying an additional 196 shares during the last quarter. Institutional investors own 93.50% of the company's stock.

Insider Buying and Selling

In related news, insider Gary Merrill sold 1,523 shares of the business's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $164.89, for a total transaction of $251,127.47. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Allison Pickens sold 1,232 shares of the company's stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $172.50, for a total value of $212,520.00. Following the completion of the transaction, the director now owns 5,899 shares in the company, valued at $1,017,577.50. This represents a 17.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,530 shares of company stock valued at $2,244,755. Corporate insiders own 1.00% of the company's stock.

Commvault Systems Stock Performance

NASDAQ CVLT traded down $2.51 on Thursday, hitting $172.24. 276,613 shares of the stock traded hands, compared to its average volume of 355,869. The firm has a market capitalization of $7.53 billion, a price-to-earnings ratio of 43.61 and a beta of 0.61. The business's fifty day moving average is $160.00 and its two-hundred day moving average is $141.79. Commvault Systems, Inc. has a 12 month low of $73.33 and a 12 month high of $178.72.

Commvault Systems (NASDAQ:CVLT - Get Free Report) last issued its earnings results on Tuesday, October 29th. The software maker reported $0.83 earnings per share 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 during the quarter, compared to analyst estimates of $220.76 million. During the same quarter last year, the business earned $0.30 earnings per share. The company's quarterly revenue was up 16.1% on a year-over-year basis. Analysts expect that Commvault Systems, Inc. will post 1.66 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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