Natixis Advisors LLC Decreases Stake in Commvault Systems, Inc. (NASDAQ:CVLT)

Natixis Advisors LLC lessened its stake in shares of Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 22.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,588 shares of the software maker's stock after selling 3,105 shares during the quarter. Natixis Advisors LLC's holdings in Commvault Systems were worth $1,629,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. CIBC Asset Management Inc bought a new position in shares of Commvault Systems in the 3rd quarter worth $206,000. KBC Group NV lifted its stake in shares of Commvault Systems by 32.4% in the third quarter. KBC Group NV now owns 1,132 shares of the software maker's stock valued at $174,000 after buying an additional 277 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Commvault Systems during the third quarter valued at about $1,167,000. Versor Investments LP increased its position in shares of Commvault Systems by 168.3% during the third quarter. Versor Investments LP now owns 5,730 shares of the software maker's stock worth $882,000 after acquiring an additional 3,594 shares in the last quarter. Finally, Los Angeles Capital Management LLC raised its holdings in shares of Commvault Systems by 31.3% in the 3rd quarter. Los Angeles Capital Management LLC now owns 27,709 shares of the software maker's stock worth $4,263,000 after acquiring an additional 6,598 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Commvault Systems

In related news, CEO Sanjay Mirchandani sold 10,775 shares of the firm's 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 completion of the transaction, the chief executive officer now directly owns 459,969 shares of the company's stock, valued at approximately $76,032,875.70. This trade represents a 2.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Allison Pickens sold 1,232 shares of Commvault Systems stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $153.89, for a total value of $189,592.48. Following the transaction, the director now directly owns 7,131 shares of the company's stock, valued at $1,097,389.59. The trade was a 14.73 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,530 shares of company stock valued at $2,221,827. Company insiders own 1.00% of the company's stock.

Commvault Systems Trading Up 0.9 %

Shares of NASDAQ:CVLT traded up $1.57 during midday trading on Tuesday, reaching $177.17. The company had a trading volume of 174,588 shares, compared to its average volume of 358,513. The stock has a market cap of $7.75 billion, a P/E ratio of 44.46 and a beta of 0.59. The company's 50 day moving average price is $156.68 and its 200 day moving average price is $138.74. Commvault Systems, Inc. has a 52-week low of $70.72 and a 52-week high of $178.72.

Commvault Systems (NASDAQ:CVLT - Get Free Report) last released its 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 analysts' expectations of $220.76 million. During the same period in the previous year, the company earned $0.30 earnings per share. The company's quarterly revenue was up 16.1% on a year-over-year basis. Research analysts forecast that Commvault Systems, Inc. will post 1.66 EPS for the current fiscal year.

Analysts Set New Price Targets

CVLT has been the subject of a number of analyst reports. Oppenheimer began coverage on Commvault Systems in a research note on Wednesday, November 13th. They set an "outperform" rating and a $200.00 price target for the company. KeyCorp upped their price target on Commvault Systems from $140.00 to $170.00 and gave the stock an "overweight" rating in a report on Wednesday, July 31st. Royal Bank of Canada raised their price objective on Commvault Systems from $164.00 to $182.00 and gave the company a "sector perform" rating in a research note on Wednesday, October 30th. StockNews.com downgraded shares of Commvault Systems from a "strong-buy" rating to a "buy" rating in a report on Friday, November 1st. Finally, Guggenheim downgraded shares of Commvault Systems from a "buy" rating to a "neutral" rating in a report on Tuesday, October 15th. Four equities research 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 presently has an average rating of "Moderate Buy" and an average target price of $151.25.

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.