Natixis Advisors LLC Boosts Holdings in Commvault Systems, Inc. (NASDAQ:CVLT)

Natixis Advisors LLC boosted its stake in Commvault Systems, Inc. (NASDAQ:CVLT) by 1.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,693 shares of the software maker’s stock after purchasing an additional 138 shares during the period. Natixis Advisors LLC’s holdings in Commvault Systems were worth $1,665,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CVLT. Hexagon Capital Partners LLC raised its stake in Commvault Systems by 124.8% in the second quarter. Hexagon Capital Partners LLC now owns 353 shares of the software maker’s stock worth $43,000 after buying an additional 196 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Commvault Systems by 70.8% in the second quarter. Signaturefd LLC now owns 410 shares of the software maker’s stock worth $50,000 after buying an additional 170 shares during the last quarter. GAMMA Investing LLC raised its holdings in Commvault Systems by 140.5% in the 2nd quarter. GAMMA Investing LLC now owns 529 shares of the software maker’s stock worth $64,000 after purchasing an additional 309 shares during the period. DT Investment Partners LLC purchased a new stake in Commvault Systems in the 2nd quarter worth approximately $69,000. Finally, Daiwa Securities Group Inc. boosted its holdings in Commvault Systems by 700.0% in the 1st quarter. Daiwa Securities Group Inc. now owns 800 shares of the software maker’s stock worth $81,000 after buying an additional 700 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Commvault Systems Stock Up 0.4 %

Shares of CVLT opened at $143.39 on Wednesday. The company has a 50 day moving average of $138.35 and a two-hundred day moving average of $116.82. Commvault Systems, Inc. has a twelve month low of $63.70 and a twelve month high of $157.13. The company has a market cap of $6.27 billion, a price-to-earnings ratio of 38.14 and a beta of 0.60.

Commvault Systems (NASDAQ:CVLT) last posted its quarterly earnings data on Tuesday, July 30th. The software maker reported $0.85 earnings per share for the quarter, topping 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 firm had revenue of $224.67 million during the quarter, compared to analysts’ expectations of $215.54 million. During the same quarter last year, the firm earned $0.29 EPS. The business’s quarterly revenue was up 13.4% on a year-over-year basis. On average, sell-side analysts expect that Commvault Systems, Inc. will post 1.66 EPS for the current year.

Insiders Place Their Bets

In related 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 value of $189,592.48. Following the completion of the transaction, the director now directly owns 7,131 shares of the company’s stock, valued at approximately $1,097,389.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Allison Pickens sold 1,232 shares of the business’s stock in a transaction 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 of the company’s stock, valued at $1,097,389.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Gary Merrill sold 17,388 shares of the firm’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 owns 94,530 shares of the company’s stock, valued at approximately $14,251,342.80. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.