Tealwood Asset Management Inc. Sells 80 Shares of Commvault Systems, Inc. (NASDAQ:CVLT)

Tealwood Asset Management Inc. reduced its stake in Commvault Systems, Inc. (NASDAQ:CVLT) by 0.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 11,244 shares of the software maker’s stock after selling 80 shares during the period. Tealwood Asset Management Inc.’s holdings in Commvault Systems were worth $1,697,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CVLT. National Bank of Canada FI purchased a new stake in shares of Commvault Systems in the 2nd quarter worth about $30,000. Capital Performance Advisors LLP bought a new stake in Commvault Systems during the third quarter worth about $33,000. Point72 DIFC Ltd purchased a new stake in Commvault Systems in the third quarter worth about $71,000. Signaturefd LLC increased its stake in shares of Commvault Systems by 43.9% during the third quarter. Signaturefd LLC now owns 590 shares of the software maker’s stock valued at $91,000 after purchasing an additional 180 shares in the last quarter. Finally, TD Private Client Wealth LLC purchased a new position in shares of Commvault Systems during the third quarter valued at approximately $105,000. 93.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CVLT has been the topic of a number of recent research reports. Royal Bank of Canada increased their target price on Commvault Systems from $164.00 to $182.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. StockNews.com downgraded shares of Commvault Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 8th. Guggenheim cut shares of Commvault Systems from a “buy” rating to a “neutral” rating in a report on Tuesday, October 15th. Finally, Oppenheimer initiated coverage on shares of Commvault Systems in a report on Wednesday, November 13th. They set an “outperform” rating and a $200.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $151.25.

Insider Activity at Commvault Systems

In related news, insider Gary Merrill sold 1,523 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $164.89, for a total transaction of $251,127.47. Following the sale, the insider now owns 93,007 shares of the company’s stock, valued at $15,335,924.23. This trade represents a 1.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Allison Pickens sold 1,232 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $172.50, for a total transaction of $212,520.00. Following the completion of the sale, the director now owns 5,899 shares in the company, valued at $1,017,577.50. This represents a 17.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,530 shares of company stock worth $2,244,755 in the last 90 days. 1.00% of the stock is owned by corporate insiders.

Commvault Systems Price Performance

Shares of NASDAQ CVLT opened at $156.11 on Tuesday. Commvault Systems, Inc. has a 1-year low of $77.31 and a 1-year high of $178.72. The business’s 50 day moving average is $165.52 and its two-hundred day moving average is $151.02. The stock has a market capitalization of $6.83 billion, a P/E ratio of 39.52 and a beta of 0.61.

Commvault Systems (NASDAQ:CVLT) last released its earnings results on Tuesday, October 29th. The software maker reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.07. Commvault Systems had a net margin of 19.75% and a return on equity of 31.62%. The firm had revenue of $233.28 million during the quarter, compared to analyst estimates of $220.76 million. During the same quarter last year, the business earned $0.30 EPS. The business’s revenue was up 16.1% on a year-over-year basis. As a group, equities research analysts anticipate that Commvault Systems, Inc. will post 1.66 earnings per share for the current fiscal year.

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.