Commvault Systems, Inc. (NASDAQ:CVLT) Shares Sold by Hexagon Capital Partners LLC

Hexagon Capital Partners LLC trimmed its position in Commvault Systems, Inc. (NASDAQ:CVLT) by 22.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 273 shares of the software maker’s stock after selling 80 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Commvault Systems were worth $42,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. SG Americas Securities LLC raised its holdings in shares of Commvault Systems by 504.6% in the 2nd quarter. SG Americas Securities LLC now owns 13,016 shares of the software maker’s stock valued at $1,582,000 after purchasing an additional 10,863 shares in the last quarter. Ontario Teachers Pension Plan Board raised its holdings in shares of Commvault Systems by 23.4% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 25,770 shares of the software maker’s stock valued at $2,614,000 after purchasing an additional 4,888 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Commvault Systems in the 1st quarter valued at $595,000. Intech Investment Management LLC acquired a new stake in shares of Commvault Systems in the 2nd quarter valued at $2,221,000. Finally, BOKF NA raised its holdings in shares of Commvault Systems by 55.3% in the 1st quarter. BOKF NA now owns 3,119 shares of the software maker’s stock valued at $313,000 after purchasing an additional 1,110 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Commvault Systems

In other news, Director Allison Pickens sold 1,232 shares of Commvault Systems stock in a transaction on Friday, August 30th. The stock was sold at an average price of $153.89, for a total transaction of $189,592.48. Following the completion of the transaction, the director now owns 7,131 shares of the company’s stock, valued at $1,097,389.59. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Commvault Systems news, insider Gary Merrill sold 17,388 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $150.76, for a total transaction of $2,621,414.88. Following the completion of the transaction, the insider now owns 94,530 shares of the company’s stock, valued at approximately $14,251,342.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Allison Pickens sold 1,232 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $153.89, for a total value of $189,592.48. Following the completion of the transaction, the director now directly owns 7,131 shares of the company’s stock, valued at approximately $1,097,389.59. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on CVLT shares. Piper Sandler lifted their price target on shares of Commvault Systems from $107.00 to $123.00 and gave the stock a “neutral” rating in a research note on Monday, July 15th. StockNews.com lowered shares of Commvault Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 31st. Royal Bank of Canada lifted their price target on shares of Commvault Systems from $121.00 to $152.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 31st. KeyCorp lifted their price target on shares of Commvault Systems from $140.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Finally, DA Davidson lifted 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. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $140.00.

Commvault Systems Stock Up 1.2 %

Shares of NASDAQ CVLT opened at $162.70 on Friday. The stock has a market capitalization of $7.12 billion, a price-to-earnings ratio of 43.27 and a beta of 0.60. Commvault Systems, Inc. has a 52 week low of $63.70 and a 52 week high of $162.99. The firm has a 50-day moving average price of $149.88 and a 200 day moving average price of $125.19.

Commvault Systems (NASDAQ:CVLT) last announced its quarterly earnings results on Tuesday, July 30th. The software maker reported $0.85 EPS for the quarter, topping the consensus estimate of $0.73 by $0.12. Commvault Systems had a return on equity of 32.16% and a net margin of 20.19%. The business had revenue of $224.67 million for the quarter, compared to analyst estimates of $215.54 million. During the same quarter in the previous year, the company earned $0.29 EPS. The company’s quarterly revenue was up 13.4% on a year-over-year basis. Equities research analysts expect that Commvault Systems, Inc. will post 1.66 EPS for the current fiscal year.

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.