Fmr LLC Purchases 96,525 Shares of Commvault Systems, Inc. (NASDAQ:CVLT)

FMR LLC grew its stake in shares of Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 26.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 466,315 shares of the software maker's stock after buying an additional 96,525 shares during the period. FMR LLC owned 1.07% of Commvault Systems worth $71,743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of CVLT. SG Americas Securities LLC increased its position 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 worth $1,582,000 after purchasing an additional 10,863 shares during the last quarter. Intech Investment Management LLC bought a new stake in Commvault Systems in the second quarter worth $2,221,000. Charles Schwab Investment Management Inc. increased its position in Commvault Systems by 25.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 586,795 shares of the software maker's stock worth $90,278,000 after purchasing an additional 120,779 shares during the last quarter. Ellsworth Advisors LLC bought a new stake in Commvault Systems in the second quarter worth $495,000. Finally, Vontobel Holding Ltd. bought a new stake in Commvault Systems in the third quarter worth $1,126,000. Institutional investors own 93.50% of the company's stock.

Wall Street Analyst Weigh In

CVLT has been the topic of several research reports. Oppenheimer began 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 on the stock. StockNews.com lowered shares of Commvault Systems from a "strong-buy" rating to a "buy" rating in a research note on Friday, November 1st. Royal Bank of Canada lifted their price objective on shares of 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 lifted their price objective on shares of Commvault Systems from $170.00 to $175.00 and gave the stock a "buy" rating in a research note on Friday, September 6th. Finally, Guggenheim lowered shares of Commvault Systems from a "buy" rating to a "neutral" rating in a research note on Tuesday, October 15th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $151.25.

Commvault Systems Trading Up 2.0 %

Shares of CVLT traded up $3.51 during trading hours on Friday, reaching $175.75. 256,420 shares of the company traded hands, compared to its average volume of 334,910. The firm has a market cap of $7.69 billion, a price-to-earnings ratio of 44.49 and a beta of 0.61. Commvault Systems, Inc. has a 12-month low of $73.33 and a 12-month high of $178.72. The stock's fifty day moving average price is $160.48 and its 200 day moving average price is $142.25.

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 (EPS) for the quarter, beating 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 net margin of 19.75% and a return on equity of 31.62%. The business's revenue was up 16.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 earnings per share. On average, research analysts forecast that Commvault Systems, Inc. will post 1.66 earnings per share for the current year.

Insider Activity at Commvault Systems

In other Commvault Systems news, Director Allison Pickens sold 1,232 shares of the business's stock in a transaction dated Friday, November 29th. The shares were 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 directly owns 5,899 shares in the company, valued at approximately $1,017,577.50. The trade was a 17.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Sanjay Mirchandani sold 10,775 shares of the business's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $165.30, for a total transaction of $1,781,107.50. Following the completion of the transaction, the chief executive officer now owns 459,969 shares of the company's stock, valued at $76,032,875.70. This represents a 2.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,530 shares of company stock worth $2,244,755 over the last three months. 1.00% of the stock is owned by corporate insiders.

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.