Natixis Advisors LLC Cuts Stock Position in Commvault Systems, Inc. (NASDAQ:CVLT)

Natixis Advisors LLC decreased its stake in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 22.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 quarter.

Several other hedge funds have also added to or reduced their stakes in CVLT. National Bank of Canada FI purchased a new position in shares of Commvault Systems in the 2nd quarter worth about $30,000. Capital Performance Advisors LLP purchased a new position in Commvault Systems in the third quarter worth about $33,000. Hexagon Capital Partners LLC grew its holdings in shares of Commvault Systems by 124.8% during the second quarter. Hexagon Capital Partners LLC now owns 353 shares of the software maker’s stock valued at $43,000 after buying an additional 196 shares during the last quarter. Signaturefd LLC grew its holdings in shares of 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 during the last quarter. Finally, Strategic Financial Concepts LLC bought a new stake in shares of Commvault Systems during the second quarter valued at approximately $56,000. 93.50% of the stock is owned by institutional investors.

Commvault Systems Stock Up 0.6 %

Commvault Systems stock opened at $175.60 on Tuesday. Commvault Systems, Inc. has a 52-week low of $70.72 and a 52-week high of $178.29. The company has a market cap of $7.68 billion, a P/E ratio of 45.06 and a beta of 0.59. The business has a 50-day simple moving average of $156.18 and a two-hundred day simple moving average of $138.28.

Commvault Systems (NASDAQ:CVLT) last announced its earnings results on Tuesday, October 29th. The software maker reported $0.83 earnings per share (EPS) for the quarter, beating 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 company had revenue of $233.28 million during the quarter, compared to analyst estimates of $220.76 million. During the same period in the previous year, the business posted $0.30 earnings per share. The firm’s quarterly revenue was up 16.1% compared to the same quarter last year. Research analysts anticipate that Commvault Systems, Inc. will post 1.66 EPS for the current fiscal year.

Insider Activity

In other Commvault Systems news, CEO Sanjay Mirchandani sold 10,775 shares of Commvault Systems stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $165.30, for a total transaction of $1,781,107.50. Following the transaction, the chief executive officer now owns 459,969 shares of the company’s stock, valued at $76,032,875.70. The trade was a 2.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Allison Pickens sold 1,232 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $153.89, for a total transaction of $189,592.48. Following the completion of the transaction, the director now owns 7,131 shares of the company’s stock, valued at approximately $1,097,389.59. The trade was a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,530 shares of company stock valued at $2,221,827 in the last 90 days. Company insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CVLT. KeyCorp upped their price objective on Commvault Systems from $140.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Royal Bank of Canada increased their price objective 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. StockNews.com lowered Commvault Systems from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 1st. Oppenheimer started coverage on shares of Commvault Systems in a report on Wednesday, November 13th. They set an “outperform” rating and a $200.00 price target on the stock. Finally, Guggenheim cut shares of Commvault Systems from a “buy” rating to a “neutral” rating in a report on Tuesday, October 15th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $151.25.

Commvault Systems 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.