Caisse DE Depot ET Placement DU Quebec Grows Stock Position in Commvault Systems, Inc. (NASDAQ:CVLT)

Caisse DE Depot ET Placement DU Quebec lifted its holdings in Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 105.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 203,704 shares of the software maker's stock after purchasing an additional 104,489 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.46% of Commvault Systems worth $30,741,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Virtu Financial LLC raised its holdings in Commvault Systems by 63.9% during the fourth quarter. Virtu Financial LLC now owns 8,243 shares of the software maker's stock valued at $1,244,000 after acquiring an additional 3,214 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Commvault Systems by 0.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 632,870 shares of the software maker's stock valued at $95,506,000 after purchasing an additional 4,957 shares during the period. Banco Santander S.A. purchased a new position in Commvault Systems in the 4th quarter worth approximately $833,000. New Age Alpha Advisors LLC bought a new position in Commvault Systems in the 4th quarter worth approximately $1,387,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in Commvault Systems during the 4th quarter valued at approximately $367,000. Hedge funds and other institutional investors own 93.50% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. StockNews.com raised shares of Commvault Systems from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Royal Bank of Canada lifted their target price on Commvault Systems from $175.00 to $185.00 and gave the stock a "sector perform" rating in a report on Wednesday, April 30th. William Blair raised Commvault Systems from a "market perform" rating to an "outperform" rating in a research note on Thursday, January 30th. Piper Sandler reduced their price objective on Commvault Systems from $154.00 to $147.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Finally, Oppenheimer increased their target price on Commvault Systems from $180.00 to $200.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $175.25.

Commvault Systems Trading Down 1.0 %

NASDAQ:CVLT traded down $1.76 during midday trading on Tuesday, hitting $172.24. 396,257 shares of the company traded hands, compared to its average volume of 414,333. The firm's fifty day moving average is $158.52 and its 200-day moving average is $162.42. The firm has a market capitalization of $7.58 billion, a P/E ratio of 45.21 and a beta of 0.71. Commvault Systems, Inc. has a 12-month low of $105.76 and a 12-month high of $190.11.

Commvault Systems (NASDAQ:CVLT - Get Free Report) last issued 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. The company had revenue of $275.04 million for the quarter, compared to the consensus estimate of $262.52 million. Commvault Systems had a net margin of 18.14% and a return on equity of 28.69%. The firm's revenue was up 23.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.79 EPS. On average, research analysts expect that Commvault Systems, Inc. will post 1.65 EPS for the current fiscal year.

Insider Buying and Selling

In other Commvault Systems news, insider Gary Merrill sold 3,287 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $186.94, for a total transaction of $614,471.78. Following the transaction, the insider now directly owns 87,316 shares in the company, valued at $16,322,853.04. This trade represents a 3.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Sanjay Mirchandani sold 12,318 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $185.96, for a total value of $2,290,655.28. Following the completion of the sale, the chief executive officer now owns 427,231 shares of the company's stock, valued at $79,447,876.76. This represents a 2.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 17,105 shares of company stock valued at $3,159,737. Insiders own 1.00% of the company's stock.

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.