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

Mackenzie Financial Corp lessened its stake in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 4.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,835,987 shares of the software maker’s stock after selling 81,022 shares during the period. Mackenzie Financial Corp’s holdings in Commvault Systems were worth $146,604,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Commvault Systems by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 5,426,814 shares of the software maker’s stock valued at $366,907,000 after buying an additional 144,625 shares during the last quarter. Lazard Asset Management LLC grew its holdings in Commvault Systems by 27.6% during the 3rd quarter. Lazard Asset Management LLC now owns 70,516 shares of the software maker’s stock valued at $4,766,000 after buying an additional 15,249 shares during the last quarter. Tudor Investment Corp Et Al acquired a new stake in Commvault Systems during the 3rd quarter valued at $2,611,000. Qube Research & Technologies Ltd acquired a new stake in Commvault Systems during the 3rd quarter valued at $2,974,000. Finally, Quantedge Capital Pte Ltd grew its holdings in Commvault Systems by 791.7% during the 3rd quarter. Quantedge Capital Pte Ltd now owns 53,500 shares of the software maker’s stock valued at $3,617,000 after buying an additional 47,500 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analyst Ratings Changes

CVLT has been the topic of a number of analyst reports. Royal Bank of Canada increased their target price on Commvault Systems from $86.00 to $97.00 and gave the company a “sector perform” rating in a report on Wednesday, January 31st. KeyCorp upgraded Commvault Systems from a “sector weight” rating to an “overweight” rating and set a $109.00 price objective on the stock in a report on Wednesday, January 31st. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Commvault Systems presently has a consensus rating of “Moderate Buy” and an average target price of $85.60.

Commvault Systems Stock Down 2.3 %

Shares of CVLT opened at $94.25 on Tuesday. The stock’s fifty day simple moving average is $97.03 and its 200 day simple moving average is $82.03. Commvault Systems, Inc. has a twelve month low of $56.76 and a twelve month high of $102.21.

Commvault Systems (NASDAQ:CVLT) last released its quarterly earnings data on Tuesday, January 30th. The software maker reported $0.78 EPS for the quarter, beating the consensus estimate of $0.73 by $0.05. Commvault Systems had a positive return on equity of 32.27% and a negative net margin of 0.09%. The company had revenue of $216.81 million for the quarter, compared to analyst estimates of $208.01 million. During the same period last year, the company posted $0.17 earnings per share. The firm’s revenue was up 11.1% compared to the same quarter last year. On average, sell-side analysts predict that Commvault Systems, Inc. will post 1.35 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Gary Merrill sold 822 shares of Commvault Systems stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $97.25, for a total value of $79,939.50. Following the completion of the transaction, the chief financial officer now directly owns 87,945 shares in the company, valued at $8,552,651.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Commvault Systems news, CEO Sanjay Mirchandani sold 21,494 shares of Commvault Systems stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $97.82, for a total transaction of $2,102,543.08. Following the transaction, the chief executive officer now directly owns 399,356 shares in the company, valued at approximately $39,065,003.92. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Gary Merrill sold 822 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $97.25, for a total transaction of $79,939.50. Following the transaction, the chief financial officer now owns 87,945 shares in the company, valued at $8,552,651.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,306 shares of company stock worth $2,276,265. Corporate insiders own 1.00% of the company’s stock.

About Commvault Systems

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.