Commvault Systems, Inc. (NASDAQ:CVLT) Shares Acquired by Creative Planning

Creative Planning lifted its holdings in Commvault Systems, Inc. (NASDAQ:CVLT) by 67.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,321 shares of the software maker’s stock after buying an additional 2,954 shares during the period. Creative Planning’s holdings in Commvault Systems were worth $890,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the business. Xponance Inc. boosted its holdings in shares of Commvault Systems by 1.3% during the 2nd quarter. Xponance Inc. now owns 6,371 shares of the software maker’s stock worth $775,000 after purchasing an additional 79 shares during the last quarter. EFG Asset Management North America Corp. grew its holdings in Commvault Systems by 0.5% in the 2nd quarter. EFG Asset Management North America Corp. now owns 21,699 shares of the software maker’s stock valued at $2,637,000 after buying an additional 103 shares in the last quarter. Natixis Advisors LLC grew its holdings in Commvault Systems by 1.0% in the 2nd quarter. Natixis Advisors LLC now owns 13,693 shares of the software maker’s stock valued at $1,665,000 after buying an additional 138 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Commvault Systems by 5.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 2,701 shares of the software maker’s stock worth $328,000 after acquiring an additional 139 shares during the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of Commvault Systems by 5.9% during the 2nd quarter. Parallel Advisors LLC now owns 2,749 shares of the software maker’s stock worth $334,000 after acquiring an additional 153 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Insider Activity at Commvault Systems

In other Commvault Systems news, Director Allison Pickens sold 1,232 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $153.89, for a total transaction of $189,592.48. Following the sale, the director now directly owns 7,131 shares in the company, valued at $1,097,389.59. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Gary Merrill sold 17,388 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $150.76, for a total transaction of $2,621,414.88. Following the completion of the transaction, the insider now directly owns 94,530 shares of the company’s stock, valued at $14,251,342.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Allison Pickens sold 1,232 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $1,097,389.59. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CVLT shares. Piper Sandler raised their price objective on shares of Commvault Systems from $107.00 to $123.00 and gave the stock a “neutral” rating in a research report on Monday, July 15th. Royal Bank of Canada lifted their price target on shares of Commvault Systems from $121.00 to $152.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 31st. StockNews.com lowered Commvault Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 31st. Guggenheim reaffirmed a “buy” rating and issued a $122.00 price target on shares of Commvault Systems in a research note on Tuesday, June 25th. Finally, KeyCorp raised their price objective on Commvault Systems from $140.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $140.00.

Commvault Systems Stock Up 1.2 %

CVLT opened at $162.70 on Friday. The firm has a market cap of $7.12 billion, a P/E ratio of 43.27 and a beta of 0.60. Commvault Systems, Inc. has a 52 week low of $63.70 and a 52 week high of $162.99. The business has a fifty day simple moving average of $149.88 and a 200-day simple moving average of $125.19.

Commvault Systems (NASDAQ:CVLT) last announced its earnings results on Tuesday, July 30th. The software maker reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.12. The company had revenue of $224.67 million during the quarter, compared to analysts’ expectations of $215.54 million. Commvault Systems had a return on equity of 32.16% and a net margin of 20.19%. Commvault Systems’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period last year, the business posted $0.29 EPS. Sell-side analysts expect that Commvault Systems, Inc. will post 1.66 earnings per share for the current year.

Commvault Systems Company 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.