18,269 Shares in Commvault Systems, Inc. (NASDAQ:CVLT) Acquired by Intech Investment Management LLC

Intech Investment Management LLC purchased a new position in Commvault Systems, Inc. (NASDAQ:CVLT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 18,269 shares of the software maker’s stock, valued at approximately $2,221,000.

Several other institutional investors also recently modified their holdings of the stock. SG Americas Securities LLC increased its position in shares of Commvault Systems by 504.6% in the second quarter. SG Americas Securities LLC now owns 13,016 shares of the software maker’s stock worth $1,582,000 after acquiring an additional 10,863 shares in the last quarter. Ontario Teachers Pension Plan Board raised its stake in Commvault Systems by 23.4% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 25,770 shares of the software maker’s stock valued at $2,614,000 after purchasing an additional 4,888 shares during the period. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of Commvault Systems in the first quarter valued at $595,000. BOKF NA boosted its position in shares of Commvault Systems by 55.3% in the first quarter. BOKF NA now owns 3,119 shares of the software maker’s stock worth $313,000 after buying an additional 1,110 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Commvault Systems during the fourth quarter valued at $3,092,000. 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 company’s 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 completion of the sale, the director now owns 7,131 shares of the company’s stock, valued at $1,097,389.59. 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 Commvault Systems 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 transaction, the director now owns 7,131 shares in the company, valued at approximately $1,097,389.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gary Merrill sold 17,388 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $150.76, for a total transaction of $2,621,414.88. Following the sale, the insider now owns 94,530 shares of the company’s stock, valued at $14,251,342.80. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CVLT has been the subject of several research analyst reports. Royal Bank of Canada increased their price objective on Commvault Systems from $121.00 to $152.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 31st. StockNews.com downgraded shares of Commvault Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 31st. Piper Sandler increased their target price 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. Guggenheim restated a “buy” rating and set a $122.00 price target on shares of Commvault Systems in a report on Tuesday, June 25th. Finally, DA Davidson upped their price target on shares of Commvault Systems from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.00.

Commvault Systems Stock Up 2.2 %

Shares of CVLT opened at $155.51 on Tuesday. The firm has a market cap of $6.81 billion, a price-to-earnings ratio of 41.36 and a beta of 0.60. The company’s fifty day moving average is $143.55 and its 200-day moving average is $120.52. Commvault Systems, Inc. has a 12 month low of $63.70 and a 12 month high of $157.13.

Commvault Systems (NASDAQ:CVLT) last posted its earnings results on Tuesday, July 30th. The software maker reported $0.85 EPS for the quarter, topping the consensus estimate of $0.73 by $0.12. Commvault Systems had a net margin of 20.19% and a return on equity of 32.16%. The firm had revenue of $224.67 million for the quarter, compared to the consensus estimate of $215.54 million. During the same period in the prior year, the business posted $0.29 earnings per share. The business’s quarterly revenue was up 13.4% on a year-over-year basis. As a group, research analysts predict that Commvault Systems, Inc. will post 1.66 earnings per share 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.