Commvault Systems, Inc. (NASDAQ:CVLT) Stock Holdings Lessened by Franklin Resources Inc.

Franklin Resources Inc. reduced its holdings in shares of Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 9.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,627 shares of the software maker's stock after selling 4,641 shares during the quarter. Franklin Resources Inc. owned 0.10% of Commvault Systems worth $6,987,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CVLT. National Bank of Canada FI bought a new stake in shares of Commvault Systems in the 2nd quarter worth about $30,000. Capital Performance Advisors LLP bought a new stake in Commvault Systems in the third quarter valued at about $33,000. Signaturefd LLC raised its stake in Commvault Systems by 70.8% during the second quarter. Signaturefd LLC now owns 410 shares of the software maker's stock valued at $50,000 after buying an additional 170 shares in the last quarter. Strategic Financial Concepts LLC bought a new position in Commvault Systems during the 2nd quarter worth approximately $56,000. Finally, Point72 DIFC Ltd acquired a new position in shares of Commvault Systems in the 3rd quarter worth approximately $71,000. Institutional investors own 93.50% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Royal Bank of Canada upped their price target on Commvault Systems from $164.00 to $182.00 and gave the company a "sector perform" rating in a research report on Wednesday, October 30th. 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 downgraded shares of Commvault Systems from a "strong-buy" rating to a "buy" rating in a research report on Friday, November 1st. DA Davidson raised 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. Finally, Guggenheim lowered Commvault Systems from a "buy" rating to a "neutral" rating in a report on Tuesday, October 15th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $151.25.

Commvault Systems Stock Performance

Shares of CVLT traded down $2.46 during mid-day trading on Monday, reaching $156.27. 286,399 shares of the company's stock traded hands, compared to its average volume of 356,285. Commvault Systems, Inc. has a 12 month low of $73.33 and a 12 month high of $178.72. The stock has a market capitalization of $6.83 billion, a P/E ratio of 39.56 and a beta of 0.61. The business's 50-day moving average price is $162.72 and its 200-day moving average price is $147.01.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.07. The company had revenue of $233.28 million during the quarter, compared to analyst estimates of $220.76 million. Commvault Systems had a return on equity of 31.62% and a net margin of 19.75%. The firm's quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 EPS. Equities research analysts anticipate that Commvault Systems, Inc. will post 1.66 EPS for the current year.

Insider Buying and Selling at Commvault Systems

In other Commvault Systems news, Director Allison Pickens sold 1,232 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $172.50, for a total transaction of $212,520.00. Following the completion of the transaction, the director now directly owns 5,899 shares of the company's stock, valued at approximately $1,017,577.50. This trade represents a 17.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Gary Merrill sold 1,523 shares of the business's stock in a transaction 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 sale, the insider now directly owns 93,007 shares in the company, valued at $15,335,924.23. This represents a 1.61 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,530 shares of company stock valued at $2,244,755. Company insiders own 1.00% of the company's stock.

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.