Barclays PLC Lowers Position in Commvault Systems, Inc. (NASDAQ:CVLT)

Barclays PLC decreased its position in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 34.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,435 shares of the software maker’s stock after selling 44,554 shares during the period. Barclays PLC’s holdings in Commvault Systems were worth $13,296,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. National Bank of Canada FI purchased a new position in Commvault Systems in the second quarter worth approximately $30,000. Capital Performance Advisors LLP acquired a new stake in shares of Commvault Systems during the third quarter worth about $33,000. Signaturefd LLC grew its stake in shares of Commvault Systems by 70.8% in the 2nd quarter. Signaturefd LLC now owns 410 shares of the software maker’s stock valued at $50,000 after purchasing an additional 170 shares during the last quarter. Strategic Financial Concepts LLC purchased a new position in Commvault Systems in the 2nd quarter valued at $56,000. Finally, DT Investment Partners LLC acquired a new position in shares of Commvault Systems during the second quarter worth about $69,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Commvault Systems Trading Down 2.6 %

NASDAQ:CVLT opened at $168.69 on Monday. The firm’s fifty day simple moving average is $162.52 and its 200 day simple moving average is $144.85. The firm has a market capitalization of $7.38 billion, a price-to-earnings ratio of 42.71 and a beta of 0.61. Commvault Systems, Inc. has a twelve month low of $73.33 and a twelve month high of $178.72.

Commvault Systems (NASDAQ:CVLT) last posted its earnings results on Tuesday, October 29th. The software maker reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.07. The business had revenue of $233.28 million for the quarter, compared to analysts’ expectations 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 for the quarter was up 16.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.30 earnings per share. On average, analysts predict that Commvault Systems, Inc. will post 1.66 earnings per share for the current year.

Insider Buying and Selling at Commvault Systems

In related news, Director Allison Pickens sold 1,232 shares of the business’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 sale, the director now directly owns 5,899 shares of the company’s stock, valued at $1,017,577.50. The trade was a 17.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Gary Merrill sold 1,523 shares of the 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 transaction, the insider now directly owns 93,007 shares in the company, valued at approximately $15,335,924.23. This represents a 1.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,530 shares of company stock worth $2,244,755 in the last 90 days. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CVLT shares. Royal Bank of Canada upped their price objective on Commvault Systems from $164.00 to $182.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. Guggenheim cut shares of Commvault Systems from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 15th. StockNews.com downgraded shares of Commvault Systems from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 1st. Oppenheimer started coverage on Commvault Systems in a report on Wednesday, November 13th. They issued an “outperform” rating and a $200.00 price target for the company. Finally, DA Davidson increased their price objective 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. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.