Healthcare of Ontario Pension Plan Trust Fund Sells 27,900 Shares of Commvault Systems, Inc. (NASDAQ:CVLT)

Healthcare of Ontario Pension Plan Trust Fund cut its stake in shares of Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 48.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,120 shares of the software maker's stock after selling 27,900 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.07% of Commvault Systems worth $4,634,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CVLT shares. Guggenheim downgraded Commvault Systems from a "buy" rating to a "neutral" rating in a research note on Tuesday, October 15th. Oppenheimer started coverage on shares of Commvault Systems in a research report on Wednesday, November 13th. They set an "outperform" rating and a $200.00 price objective for the company. Royal Bank of Canada boosted their target price on shares of Commvault Systems from $164.00 to $182.00 and gave the company a "sector perform" rating in a research report on Wednesday, October 30th. StockNews.com downgraded shares of Commvault Systems from a "strong-buy" rating to a "buy" rating in a research report on Friday, November 1st. Finally, DA Davidson lifted their price target on shares of Commvault Systems from $170.00 to $175.00 and gave the company a "buy" rating in a research note on Friday, September 6th. Four equities 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 has an average rating of "Moderate Buy" and an average target price of $151.25.

Commvault Systems Stock Performance

Shares of Commvault Systems stock traded down $0.04 during trading hours on Friday, reaching $171.59. The company's stock had a trading volume of 144,938 shares, compared to its average volume of 357,616. The company has a market capitalization of $7.50 billion, a P/E ratio of 43.44 and a beta of 0.59. The stock's fifty day simple moving average is $158.48 and its two-hundred day simple moving average is $140.09. Commvault Systems, Inc. has a one year low of $72.76 and a one year high of $178.72.

Commvault Systems (NASDAQ:CVLT - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The software maker reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.76 by $0.07. The business had revenue of $233.28 million during the quarter, compared to the consensus estimate of $220.76 million. Commvault Systems had a return on equity of 31.62% and a net margin of 19.75%. The company's quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.30 EPS. As a group, research analysts forecast that Commvault Systems, Inc. will post 1.66 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Gary Merrill sold 1,523 shares of the company's stock in a transaction that occurred 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 directly owns 93,007 shares of the company's stock, valued at $15,335,924.23. This represents a 1.61 % 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. 1.00% of the stock is currently owned by corporate insiders.

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.