Comerica Bank Has $1.20 Million Stock Holdings in Commvault Systems, Inc. (NASDAQ:CVLT)

Comerica Bank trimmed its holdings in shares of Commvault Systems, Inc. (NASDAQ:CVLTGet Rating) by 1.1% in the third quarter, Holdings Channel.com reports. The firm owned 20,163 shares of the software maker’s stock after selling 220 shares during the quarter. Comerica Bank’s holdings in Commvault Systems were worth $1,197,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Captrust Financial Advisors increased its stake in Commvault Systems by 64.0% during the 2nd quarter. Captrust Financial Advisors now owns 510 shares of the software maker’s stock worth $32,000 after purchasing an additional 199 shares in the last quarter. Quantbot Technologies LP bought a new stake in Commvault Systems during the 2nd quarter worth approximately $64,000. EverSource Wealth Advisors LLC bought a new stake in Commvault Systems during the 2nd quarter worth approximately $65,000. Lazard Asset Management LLC increased its stake in Commvault Systems by 63.1% during the 1st quarter. Lazard Asset Management LLC now owns 1,321 shares of the software maker’s stock worth $87,000 after purchasing an additional 511 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in Commvault Systems by 294.1% during the 2nd quarter. Parallel Advisors LLC now owns 1,809 shares of the software maker’s stock worth $114,000 after purchasing an additional 1,350 shares in the last quarter. 88.30% of the stock is owned by institutional investors.

Insider Activity

In other Commvault Systems news, CAO James J. Whalen sold 526 shares of the firm’s stock in a transaction on Monday, November 28th. The stock was sold at an average price of $66.04, for a total transaction of $34,737.04. Following the completion of the sale, the chief accounting officer now owns 17,524 shares of the company’s stock, valued at approximately $1,157,284.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.99% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CVLT. William Blair reaffirmed a “market perform” rating on shares of Commvault Systems in a research note on Wednesday, November 2nd. StockNews.com began coverage on shares of Commvault Systems in a research note on Wednesday, October 12th. They set a “strong-buy” rating for the company. Piper Sandler decreased their price target on shares of Commvault Systems from $70.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, January 11th. Finally, Royal Bank of Canada raised their price target on shares of Commvault Systems from $63.00 to $66.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 2nd. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.25.

Commvault Systems Trading Up 0.5 %

NASDAQ CVLT opened at $58.13 on Tuesday. The company has a market cap of $2.59 billion, a PE ratio of 103.80, a PEG ratio of 7.21 and a beta of 0.57. Commvault Systems, Inc. has a 12 month low of $50.26 and a 12 month high of $70.00. The stock has a 50 day moving average of $62.95 and a 200-day moving average of $59.29.

Commvault Systems (NASDAQ:CVLTGet Rating) last released its quarterly earnings data on Tuesday, November 1st. The software maker reported $0.11 EPS for the quarter, beating the consensus estimate of $0.01 by $0.10. The company had revenue of $188.06 million during the quarter, compared to the consensus estimate of $186.53 million. Commvault Systems had a return on equity of 14.36% and a net margin of 3.28%. As a group, sell-side analysts predict that Commvault Systems, Inc. will post 0.8 EPS for the current fiscal year.

Commvault Systems Company Profile

(Get Rating)

Commvault Systems, Inc provides data protection and information management software applications and related services 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; and Commvault Complete Data Protection, a data protection solution.

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Institutional Ownership by Quarter for Commvault Systems (NASDAQ:CVLT)

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