Commvault Systems, Inc. (NASDAQ:CVLT) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. trimmed its holdings in shares of Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 6.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 116,056 shares of the software maker's stock after selling 8,017 shares during the quarter. Ameriprise Financial Inc. owned 0.26% of Commvault Systems worth $17,514,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Hancock Whitney Corp raised its holdings in shares of Commvault Systems by 1.0% in the fourth quarter. Hancock Whitney Corp now owns 5,781 shares of the software maker's stock valued at $872,000 after acquiring an additional 60 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Commvault Systems by 3.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,960 shares of the software maker's stock valued at $296,000 after acquiring an additional 66 shares in the last quarter. CIBC Asset Management Inc raised its holdings in shares of Commvault Systems by 5.6% in the fourth quarter. CIBC Asset Management Inc now owns 1,413 shares of the software maker's stock valued at $213,000 after acquiring an additional 75 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Commvault Systems by 4.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,439 shares of the software maker's stock valued at $368,000 after acquiring an additional 93 shares in the last quarter. Finally, Mariner LLC raised its holdings in shares of Commvault Systems by 3.7% in the fourth quarter. Mariner LLC now owns 3,310 shares of the software maker's stock valued at $500,000 after acquiring an additional 118 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors.

Commvault Systems Trading Up 0.6%

Shares of CVLT stock traded up $1.00 during trading hours on Thursday, reaching $175.40. 277,033 shares of the company's stock were exchanged, compared to its average volume of 420,176. Commvault Systems, Inc. has a 1 year low of $105.76 and a 1 year high of $190.11. The stock has a market cap of $7.74 billion, a PE ratio of 46.04 and a beta of 0.71. The stock's fifty day moving average price is $163.05 and its two-hundred day moving average price is $164.90.

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

Insider Transactions at Commvault Systems

In related news, Director Nicola Adamo sold 1,500 shares of Commvault Systems stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $169.74, for a total transaction of $254,610.00. Following the completion of the sale, the director now owns 16,178 shares of the company's stock, valued at $2,746,053.72. The trade was a 8.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

CVLT has been the topic of several analyst reports. Wall Street Zen upgraded Commvault Systems from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Wells Fargo & Company lifted their target price on Commvault Systems from $180.00 to $190.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Guggenheim reiterated a "neutral" rating on shares of Commvault Systems in a research note on Wednesday, April 23rd. William Blair upgraded Commvault Systems from a "market perform" rating to an "outperform" rating in a research note on Thursday, January 30th. Finally, Oppenheimer lifted their target price on Commvault Systems from $180.00 to $200.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Commvault Systems has an average rating of "Moderate Buy" and an average target price 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.