Vanguard Personalized Indexing Management LLC Acquires 420 Shares of Commvault Systems, Inc. (NASDAQ:CVLT)

Vanguard Personalized Indexing Management LLC raised its holdings in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 11.8% in the second quarter, HoldingsChannel reports. The firm owned 3,984 shares of the software maker’s stock after buying an additional 420 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Commvault Systems were worth $484,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CVLT. Norges Bank purchased a new position in shares of Commvault Systems during the fourth quarter valued at approximately $24,134,000. UBS Group AG raised its holdings in Commvault Systems by 71.3% in the 4th quarter. UBS Group AG now owns 77,424 shares of the software maker’s stock worth $6,182,000 after purchasing an additional 32,217 shares in the last quarter. US Bancorp DE lifted its position in shares of Commvault Systems by 5.8% in the 4th quarter. US Bancorp DE now owns 10,063 shares of the software maker’s stock worth $804,000 after purchasing an additional 556 shares during the period. Quantedge Capital Pte Ltd boosted its stake in shares of Commvault Systems by 0.6% during the 4th quarter. Quantedge Capital Pte Ltd now owns 53,800 shares of the software maker’s stock valued at $4,296,000 after purchasing an additional 300 shares in the last quarter. Finally, Circumference Group LLC purchased a new position in shares of Commvault Systems during the fourth quarter valued at about $2,843,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Commvault Systems Trading Up 0.4 %

Commvault Systems stock opened at $152.42 on Friday. Commvault Systems, Inc. has a 12 month low of $63.70 and a 12 month high of $157.13. The company has a market capitalization of $6.67 billion, a price-to-earnings ratio of 40.54 and a beta of 0.60. The business’s fifty day simple moving average is $145.32 and its two-hundred day simple moving average is $121.33.

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

Insider Transactions at Commvault Systems

In related news, insider Gary Merrill sold 17,388 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the insider now owns 94,530 shares of the company’s stock, valued at $14,251,342.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other 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 transaction of $2,621,414.88. Following the transaction, the insider now directly owns 94,530 shares of the company’s stock, valued at $14,251,342.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Allison Pickens sold 1,232 shares of the 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 in the company, valued at $1,097,389.59. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.