Commvault Systems, Inc. (NASDAQ:CVLT) Stake Cut by FCF Advisors LLC

FCF Advisors LLC reduced its holdings in Commvault Systems, Inc. (NASDAQ:CVLT) by 13.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,804 shares of the software maker’s stock after selling 3,145 shares during the period. FCF Advisors LLC’s holdings in Commvault Systems were worth $3,047,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Seven Eight Capital LP acquired a new stake in shares of Commvault Systems during the 4th quarter valued at about $583,000. Virtu Financial LLC acquired a new stake in shares of Commvault Systems during the 4th quarter valued at about $389,000. Vanguard Group Inc. lifted its holdings in shares of Commvault Systems by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 5,488,370 shares of the software maker’s stock valued at $438,246,000 after buying an additional 61,556 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Commvault Systems during the 4th quarter valued at about $3,092,000. Finally, Los Angeles Capital Management LLC lifted its holdings in shares of Commvault Systems by 59.0% during the 1st quarter. Los Angeles Capital Management LLC now owns 22,102 shares of the software maker’s stock valued at $2,242,000 after buying an additional 8,202 shares during the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Commvault Systems Stock Up 4.7 %

NASDAQ CVLT traded up $7.19 during trading on Tuesday, hitting $159.88. The company’s stock had a trading volume of 214,055 shares, compared to its average volume of 341,950. The firm has a 50 day moving average price of $149.30 and a 200 day moving average price of $124.28. The firm has a market cap of $7.00 billion, a P/E ratio of 42.35 and a beta of 0.60. Commvault Systems, Inc. has a 52 week low of $63.70 and a 52 week high of $162.38.

Commvault Systems (NASDAQ:CVLT) last announced its quarterly earnings data on Tuesday, July 30th. The software maker reported $0.85 earnings per share 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 company had revenue of $224.67 million for the quarter, compared to analyst estimates of $215.54 million. During the same quarter last year, the firm earned $0.29 EPS. Commvault Systems’s revenue for the quarter was up 13.4% compared to the same quarter last year. On average, equities analysts expect that Commvault Systems, Inc. will post 1.66 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. KeyCorp lifted their price target on Commvault Systems from $140.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. DA Davidson raised their price objective on Commvault Systems from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Guggenheim reissued a “buy” rating and issued a $122.00 price objective on shares of Commvault Systems in a research note on Tuesday, June 25th. StockNews.com downgraded Commvault Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 31st. Finally, Royal Bank of Canada raised their price objective on Commvault Systems from $121.00 to $152.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $140.00.

Insider Transactions at Commvault Systems

In other news, Director Allison Pickens sold 1,232 shares of Commvault Systems stock in a transaction that occurred 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 sale, the director now 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, 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 sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gary Merrill sold 17,388 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $150.76, for a total value of $2,621,414.88. Following the completion of the sale, the insider now directly owns 94,530 shares in the company, valued at approximately $14,251,342.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

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.