Commvault Systems Sees Unusually Large Options Volume (NASDAQ:CVLT)

Commvault Systems, Inc. (NASDAQ:CVLT) was the recipient of some unusual options trading on Tuesday. Stock investors bought 10,038 put options on the company. This is an increase of approximately 1,383% compared to the typical daily volume of 677 put options.

Insider Activity

In related news, Director Allison Pickens sold 1,232 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $172.50, for a total transaction of $212,520.00. Following the sale, the director now owns 5,899 shares of the company’s stock, valued at approximately $1,017,577.50. This represents a 17.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Gary Merrill sold 1,523 shares of Commvault Systems stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $164.89, for a total value of $251,127.47. Following the transaction, the insider now directly owns 93,007 shares of the company’s stock, valued at $15,335,924.23. The trade was a 1.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,530 shares of company stock valued at $2,244,755 in the last 90 days. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Commvault Systems

Institutional investors and hedge funds have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. grew its position in Commvault Systems by 25.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 586,795 shares of the software maker’s stock worth $90,278,000 after acquiring an additional 120,779 shares during the last quarter. Summit Partners Public Asset Management LLC purchased a new stake in Commvault Systems in the third quarter worth about $67,722,000. Vontobel Holding Ltd. bought a new stake in Commvault Systems during the 3rd quarter valued at approximately $1,126,000. Point72 Hong Kong Ltd grew its holdings in shares of Commvault Systems by 37.9% during the 3rd quarter. Point72 Hong Kong Ltd now owns 23,421 shares of the software maker’s stock worth $3,603,000 after acquiring an additional 6,433 shares during the period. Finally, Raymond James & Associates raised its position in shares of Commvault Systems by 58.1% in the 3rd quarter. Raymond James & Associates now owns 15,410 shares of the software maker’s stock worth $2,371,000 after acquiring an additional 5,661 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors.

Commvault Systems Trading Up 1.1 %

Shares of NASDAQ CVLT opened at $160.05 on Wednesday. The stock has a market cap of $7.00 billion, a price-to-earnings ratio of 40.52 and a beta of 0.65. Commvault Systems has a 1-year low of $79.43 and a 1-year high of $178.72. The stock’s 50-day moving average is $163.60 and its 200 day moving average is $153.98.

Commvault Systems (NASDAQ:CVLT) last announced its quarterly earnings data on Tuesday, October 29th. The software maker reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.07. Commvault Systems had a return on equity of 31.62% and a net margin of 19.75%. The company had revenue of $233.28 million for the quarter, compared to analysts’ expectations of $220.76 million. During the same period last year, the firm posted $0.30 EPS. Commvault Systems’s revenue for the quarter was up 16.1% compared to the same quarter last year. On average, analysts forecast that Commvault Systems will post 1.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. StockNews.com lowered shares of Commvault Systems from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 16th. Guggenheim lowered shares of Commvault Systems from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 15th. Royal Bank of Canada upped their price target on shares of Commvault Systems from $164.00 to $182.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. Oppenheimer began coverage on Commvault Systems in a research note on Wednesday, November 13th. They set an “outperform” rating and a $200.00 price objective for the company. Finally, Cantor Fitzgerald began coverage on Commvault Systems in a report on Friday, January 17th. They issued a “neutral” rating and a $159.00 price target on the stock. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $154.56.

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.