Citigroup Inc. Has $7.36 Million Stock Position in Commvault Systems, Inc. (NASDAQ:CVLT)

Citigroup Inc. boosted its holdings in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 146.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 47,867 shares of the software maker’s stock after acquiring an additional 28,408 shares during the quarter. Citigroup Inc.’s holdings in Commvault Systems were worth $7,364,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Buying and Selling

In other news, CEO Sanjay Mirchandani sold 10,775 shares of the stock in a transaction on Monday, November 18th. The stock was 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 in the company, valued at approximately $76,032,875.70. This represents a 2.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gary Merrill sold 1,523 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $164.89, for a total value of $251,127.47. Following the sale, the insider now directly owns 93,007 shares in the company, valued at approximately $15,335,924.23. This trade represents a 1.61 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

CVLT has been the subject of several research reports. Oppenheimer began 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 price target 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 cut Commvault Systems from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 1st. DA Davidson boosted their target price on shares of Commvault Systems from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Finally, Guggenheim cut 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 issued a buy rating to the company’s stock. According to MarketBeat.com, Commvault Systems has an average rating of “Moderate Buy” and an average target price of $151.25.

Commvault Systems Stock Down 0.0 %

Shares of Commvault Systems stock opened at $171.59 on Friday. Commvault Systems, Inc. has a 12-month low of $72.76 and a 12-month high of $178.72. The company has a market capitalization of $7.50 billion, a price-to-earnings ratio of 43.44 and a beta of 0.59. The firm’s 50-day moving average price is $158.48 and its two-hundred day moving average price is $140.31.

Commvault Systems (NASDAQ:CVLT) last posted its quarterly earnings results on Tuesday, October 29th. The software maker reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.07. Commvault Systems had a net margin of 19.75% and a return on equity of 31.62%. The business had revenue of $233.28 million for the quarter, compared to analyst estimates of $220.76 million. During the same quarter last year, the business posted $0.30 EPS. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. On average, sell-side analysts expect that Commvault Systems, Inc. will post 1.66 earnings per share for the current year.

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.