Commonwealth Equity Services LLC Purchases 139 Shares of Commvault Systems, Inc. (NASDAQ:CVLT)

Commonwealth Equity Services LLC boosted its stake in Commvault Systems, Inc. (NASDAQ:CVLT) by 5.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,701 shares of the software maker’s stock after acquiring an additional 139 shares during the period. Commonwealth Equity Services LLC’s holdings in Commvault Systems were worth $328,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the stock. Vanguard Personalized Indexing Management LLC bought a new stake in Commvault Systems during the 4th quarter valued at about $280,000. Norges Bank bought a new position in Commvault Systems during the fourth quarter valued at approximately $24,134,000. UBS Group AG grew its holdings in shares of Commvault Systems by 71.3% in the fourth quarter. UBS Group AG now owns 77,424 shares of the software maker’s stock valued at $6,182,000 after purchasing an additional 32,217 shares in the last quarter. Trexquant Investment LP increased its holdings in shares of Commvault Systems by 105.3% in the 4th quarter. Trexquant Investment LP now owns 17,426 shares of the software maker’s stock worth $1,391,000 after buying an additional 8,936 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of Commvault Systems by 5.8% during the 4th quarter. US Bancorp DE now owns 10,063 shares of the software maker’s stock valued at $804,000 after buying an additional 556 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Insider Buying and Selling

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

Analyst Ratings Changes

Several research analysts have issued reports on CVLT shares. Royal Bank of Canada boosted their target price on Commvault Systems from $121.00 to $152.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 31st. DA Davidson increased their price target on Commvault Systems from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. StockNews.com lowered Commvault Systems from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 31st. Piper Sandler lifted their target price on Commvault Systems from $107.00 to $123.00 and gave the company a “neutral” rating in a research note on Monday, July 15th. Finally, KeyCorp boosted their price objective on shares of Commvault Systems from $140.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $140.00.

Commvault Systems Stock Up 2.2 %

Shares of CVLT stock opened at $155.51 on Tuesday. Commvault Systems, Inc. has a 52 week low of $63.70 and a 52 week high of $157.13. The stock has a market capitalization of $6.81 billion, a PE ratio of 41.36 and a beta of 0.60. The firm has a 50 day moving average of $143.55 and a two-hundred day moving average of $120.52.

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

About Commvault Systems

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.