Credit Suisse AG Sells 534 Shares of Commvault Systems, Inc. (NASDAQ:CVLT)

Credit Suisse AG cut its holdings in Commvault Systems, Inc. (NASDAQ:CVLT – Get Rating) by 1.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 40,154 shares of the software maker’s stock after selling 534 shares during the period. Credit Suisse AG’s holdings in Commvault Systems were worth $2,129,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Captrust Financial Advisors grew its holdings in shares of Commvault Systems by 64.0% in the second quarter. Captrust Financial Advisors now owns 510 shares of the software maker’s stock valued at $32,000 after acquiring an additional 199 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Commvault Systems in the second quarter valued at approximately $64,000. Lazard Asset Management LLC grew its holdings in shares of Commvault Systems by 63.1% in the first quarter. Lazard Asset Management LLC now owns 1,321 shares of the software maker’s stock valued at $87,000 after acquiring an additional 511 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of Commvault Systems by 6,466.7% in the third quarter. Pacer Advisors Inc. now owns 1,970 shares of the software maker’s stock valued at $104,000 after acquiring an additional 1,940 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC bought a new position in shares of Commvault Systems in the second quarter valued at approximately $203,000. 88.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CVLT has been the subject of several research reports. Piper Sandler reduced their price objective on Commvault Systems from $70.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, January 11th. StockNews.com raised Commvault Systems from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 1st. Finally, Guggenheim assumed coverage on Commvault Systems in a report on Thursday, January 26th. They issued a “buy” rating and a $86.00 price objective for the company. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $70.20.

Commvault Systems Stock Performance

Shares of CVLT opened at $59.21 on Monday. The business has a 50-day moving average of $61.37 and a 200 day moving average of $59.89. Commvault Systems, Inc. has a fifty-two week low of $50.26 and a fifty-two week high of $69.16. The firm has a market cap of $2.64 billion, a P/E ratio of 174.15, a price-to-earnings-growth ratio of 7.37 and a beta of 0.57.

Insider Buying and Selling

In other Commvault Systems news, Director Allison Pickens sold 500 shares of Commvault Systems stock in a transaction dated Friday, February 10th. The stock was sold at an average price of $63.80, for a total transaction of $31,900.00. Following the completion of the transaction, the director now owns 8,029 shares of the company’s stock, valued at approximately $512,250.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Commvault Systems news, Director Allison Pickens sold 500 shares of Commvault Systems stock in a transaction dated Friday, February 10th. The stock was sold at an average price of $63.80, for a total transaction of $31,900.00. Following the completion of the transaction, the director now owns 8,029 shares of the company’s stock, valued at approximately $512,250.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Blasio Riccardo Di sold 8,912 shares of Commvault Systems stock in a transaction dated Friday, February 24th. The shares were sold at an average price of $59.14, for a total value of $527,055.68. Following the transaction, the executive now directly owns 77,427 shares of the company’s stock, valued at approximately $4,579,032.78. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,713 shares of company stock valued at $578,027. 1.00% of the stock is owned by insiders.

Commvault Systems Company Profile

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Commvault Systems, Inc engages in the provision of data protection and information management software applications and related services. Its products include Data Protection and insights, Storage, and Metallic BaaS. The firm also offers professional, managed, support, and training services. The company was founded in 1996 and is headquartered in Tinton Falls, NJ.