BNP Paribas Financial Markets Has $2.85 Million Stock Holdings in Commvault Systems, Inc. (NASDAQ:CVLT)

BNP Paribas Financial Markets lessened its holdings in Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 33.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,878 shares of the software maker's stock after selling 9,466 shares during the quarter. BNP Paribas Financial Markets' holdings in Commvault Systems were worth $2,849,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CVLT. Vanguard Group Inc. lifted its stake in shares of Commvault Systems by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 5,636,559 shares of the software maker's stock valued at $850,613,000 after purchasing an additional 54,562 shares during the period. Renaissance Technologies LLC lifted its position in shares of Commvault Systems by 1.3% during the 4th quarter. Renaissance Technologies LLC now owns 1,909,185 shares of the software maker's stock valued at $288,115,000 after acquiring an additional 24,900 shares during the period. Invesco Ltd. lifted its position in shares of Commvault Systems by 57.7% during the 4th quarter. Invesco Ltd. now owns 1,660,108 shares of the software maker's stock valued at $250,527,000 after acquiring an additional 607,643 shares during the period. Geode Capital Management LLC boosted its stake in shares of Commvault Systems by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 1,288,068 shares of the software maker's stock worth $194,681,000 after acquiring an additional 43,088 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Commvault Systems by 9.8% in the fourth quarter. Northern Trust Corp now owns 651,973 shares of the software maker's stock valued at $98,389,000 after purchasing an additional 58,239 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company's stock.

Commvault Systems Price Performance

NASDAQ:CVLT traded up $0.11 during mid-day trading on Monday, reaching $178.15. The stock had a trading volume of 446,767 shares, compared to its average volume of 418,705. The company has a market capitalization of $7.86 billion, a price-to-earnings ratio of 46.76 and a beta of 0.71. Commvault Systems, Inc. has a 1-year low of $105.76 and a 1-year high of $190.11. The stock's 50 day simple moving average is $161.33 and its two-hundred day simple moving average is $164.39.

Commvault Systems (NASDAQ:CVLT - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The software maker reported $1.03 EPS for the quarter, beating the consensus estimate of $0.93 by $0.10. Commvault Systems had a net margin of 18.14% and a return on equity of 28.69%. The company had revenue of $275.04 million for the quarter, compared to analyst estimates of $262.52 million. During the same quarter last year, the business earned $0.79 earnings per share. Commvault Systems's revenue was up 23.2% compared to the same quarter last year. Sell-side analysts anticipate that Commvault Systems, Inc. will post 1.65 EPS for the current fiscal year.

Insider Buying and Selling at Commvault Systems

In other Commvault Systems news, insider Gary Merrill sold 3,287 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $186.94, for a total value of $614,471.78. Following the completion of the sale, the insider now owns 87,316 shares in the company, valued at $16,322,853.04. This represents a 3.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Nicola Adamo sold 1,500 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $169.74, for a total value of $254,610.00. Following the completion of the transaction, the director now owns 16,178 shares in the company, valued at $2,746,053.72. This represents a 8.49% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,105 shares of company stock valued at $3,159,737. Corporate insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Wells Fargo & Company boosted their price target on Commvault Systems from $180.00 to $190.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Cantor Fitzgerald raised their price target on Commvault Systems from $159.00 to $173.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. KeyCorp dropped their price objective on shares of Commvault Systems from $195.00 to $185.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. William Blair raised shares of Commvault Systems from a "market perform" rating to an "outperform" rating in a research report on Thursday, January 30th. Finally, Piper Sandler cut their price target on shares of Commvault Systems from $154.00 to $147.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $175.25.

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.