Commvault Systems, Inc. (NASDAQ:CVLT) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D reduced its stake in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 34,366 shares of the software maker’s stock after selling 1,895 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.08% of Commvault Systems worth $2,744,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its position in shares of Commvault Systems by 28.5% during the third quarter. PNC Financial Services Group Inc. now owns 1,429 shares of the software maker’s stock worth $97,000 after purchasing an additional 317 shares during the last quarter. Teza Capital Management LLC bought a new stake in Commvault Systems in the 3rd quarter valued at about $253,000. DekaBank Deutsche Girozentrale bought a new stake in Commvault Systems in the 3rd quarter valued at about $269,000. CenterBook Partners LP acquired a new position in Commvault Systems during the 3rd quarter valued at about $272,000. Finally, Duality Advisers LP bought a new position in Commvault Systems in the 3rd quarter worth about $273,000. 93.50% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Commvault Systems news, Director Allison Pickens sold 990 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $94.73, for a total value of $93,782.70. Following the transaction, the director now owns 7,206 shares of the company’s stock, valued at $682,624.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Allison Pickens sold 990 shares of Commvault Systems stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $94.73, for a total value of $93,782.70. Following the transaction, the director now owns 7,206 shares of the company’s stock, valued at approximately $682,624.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Gary Merrill sold 822 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $97.25, for a total transaction of $79,939.50. Following the completion of the transaction, the chief financial officer now owns 87,945 shares of the company’s stock, valued at $8,552,651.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,306 shares of company stock worth $2,276,265. Corporate insiders own 1.00% of the company’s stock.

Commvault Systems Stock Up 1.1 %

Shares of CVLT stock opened at $99.43 on Tuesday. The stock has a 50-day simple moving average of $97.59 and a 200 day simple moving average of $84.20. The stock has a market capitalization of $4.35 billion, a P/E ratio of -3,313.23 and a beta of 0.62. Commvault Systems, Inc. has a fifty-two week low of $57.90 and a fifty-two week high of $102.21.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada lifted their price target 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 raised Commvault Systems from a “sector weight” rating to an “overweight” rating and set a $109.00 price target on the stock in a report on Wednesday, January 31st. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $85.60.

Commvault Systems 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.