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

Mackenzie Financial Corp lowered its position in CommVault Systems, Inc. (NASDAQ:CVLT) by 84.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,553 shares of the software maker’s stock after selling 204,770 shares during the quarter. Mackenzie Financial Corp owned about 0.09% of CommVault Systems worth $5,924,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. increased its stake in shares of CommVault Systems by 101.3% in the first quarter. SBI Securities Co. Ltd. now owns 159 shares of the software maker’s stock valued at $25,000 after purchasing an additional 80 shares during the period. Quarry LP increased its stake in shares of CommVault Systems by 888.2% in the fourth quarter. Quarry LP now owns 168 shares of the software maker’s stock valued at $25,000 after purchasing an additional 151 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in shares of CommVault Systems in the first quarter valued at approximately $27,000. Whipplewood Advisors LLC increased its stake in shares of CommVault Systems by 584.0% in the first quarter. Whipplewood Advisors LLC now owns 171 shares of the software maker’s stock valued at $27,000 after purchasing an additional 146 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of CommVault Systems by 208.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 185 shares of the software maker’s stock valued at $29,000 after purchasing an additional 125 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

Insider Activity at CommVault Systems

In other CommVault Systems news, CEO Sanjay Mirchandani sold 1,709 shares of CommVault Systems stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total value of $299,075.00. Following the transaction, the chief executive officer owned 469,648 shares in the company, valued at approximately $82,188,400. The trade was a 0.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Gary Merrill sold 1,748 shares of CommVault Systems stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $174.91, for a total transaction of $305,742.68. Following the completion of the transaction, the insider owned 89,923 shares in the company, valued at approximately $15,728,431.93. This trade represents a 1.91% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

CommVault Systems Stock Performance

CommVault Systems stock opened at $179.73 on Friday. The firm has a market cap of $8.00 billion, a price-to-earnings ratio of 99.85 and a beta of 0.73. CommVault Systems, Inc. has a 1 year low of $127.35 and a 1 year high of $200.68. The firm’s 50 day moving average price is $177.02 and its two-hundred day moving average price is $168.97.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings results on Tuesday, April 29th. The software maker reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.10. The firm had revenue of $275.04 million for the quarter, compared to analyst estimates of $262.52 million. CommVault Systems had a net margin of 7.70% and a return on equity of 30.83%. The firm’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.79 earnings per share. As a group, equities analysts predict that CommVault Systems, Inc. will post 1.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CVLT shares. Guggenheim set a $220.00 price objective on shares of CommVault Systems in a research note on Tuesday. Oppenheimer raised their price objective on shares of CommVault Systems from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. KeyCorp raised their price objective on shares of CommVault Systems from $195.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday. Wall Street Zen upgraded shares of CommVault Systems from a “hold” rating to a “buy” rating in a research note on Thursday, May 1st. Finally, Wells Fargo & Company raised their price objective on shares of CommVault Systems from $190.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $205.63.

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.