Commvault Systems, Inc. (NASDAQ:CVLT) Insider Gary Merrill Sells 1,523 Shares

Commvault Systems, Inc. (NASDAQ:CVLT) insider Gary Merrill sold 1,523 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $164.89, for a total transaction of $251,127.47. Following the completion of the transaction, the insider now directly owns 93,007 shares in the company, valued at $15,335,924.23. This trade represents a 1.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Gary Merrill also recently made the following trade(s):

• On Tuesday, August 27th, Gary Merrill sold 17,388 shares of Commvault Systems stock. The shares were sold at an average price of $150.76, for a total transaction of $2,621,414.88.

Commvault Systems Price Performance

Shares of NASDAQ:CVLT opened at $174.60 on Friday. The stock has a market cap of $7.64 billion, a P/E ratio of 44.20 and a beta of 0.59. The firm has a fifty day moving average price of $155.64 and a 200 day moving average price of $137.42. Commvault Systems, Inc. has a 1-year low of $70.30 and a 1-year high of $178.29.

Commvault Systems (NASDAQ:CVLT) last released its earnings results on Tuesday, October 29th. The software maker reported $0.83 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 company had revenue of $233.28 million during the quarter, compared to analysts’ expectations of $220.76 million. During the same quarter last year, the business earned $0.30 EPS. The business’s revenue was up 16.1% on a year-over-year basis. Sell-side analysts expect that Commvault Systems, Inc. will post 1.66 EPS for the current fiscal year.

Institutional Trading of Commvault Systems

Several hedge funds have recently made changes to their positions in CVLT. State Board of Administration of Florida Retirement System lifted its stake in shares of Commvault Systems by 8.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 14,246 shares of the software maker’s stock worth $1,445,000 after acquiring an additional 1,080 shares during the period. Blair William & Co. IL acquired a new stake in shares of Commvault Systems in the first quarter valued at about $203,000. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Commvault Systems in the first quarter valued at about $595,000. Vanguard Group Inc. lifted its stake in shares of Commvault Systems by 0.8% in the first quarter. Vanguard Group Inc. now owns 5,531,703 shares of the software maker’s stock valued at $561,081,000 after purchasing an additional 43,333 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its stake in shares of Commvault Systems by 7.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 5,029 shares of the software maker’s stock valued at $510,000 after purchasing an additional 341 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Guggenheim downgraded shares of Commvault Systems from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 15th. Royal Bank of Canada increased their target price on shares of Commvault Systems from $164.00 to $182.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Oppenheimer assumed coverage on shares of Commvault Systems in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $200.00 target price on the stock. KeyCorp increased their target price on shares of Commvault Systems from $140.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Finally, DA Davidson increased their price target on shares of Commvault Systems from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Commvault Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.25.

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.