3,292 Shares in Commvault Systems, Inc. (NASDAQ:CVLT) Bought by Cerity Partners LLC

Cerity Partners LLC purchased a new stake in shares of Commvault Systems, Inc. (NASDAQ:CVLT) during the third quarter, Holdings Channel reports. The firm purchased 3,292 shares of the software maker’s stock, valued at approximately $506,000.

Other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its holdings in shares of Commvault Systems by 504.6% during the 2nd quarter. SG Americas Securities LLC now owns 13,016 shares of the software maker’s stock valued at $1,582,000 after buying an additional 10,863 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of Commvault Systems during the second quarter worth approximately $2,221,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Commvault Systems by 25.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 586,795 shares of the software maker’s stock worth $90,278,000 after acquiring an additional 120,779 shares during the last quarter. Ellsworth Advisors LLC purchased a new stake in shares of Commvault Systems in the 2nd quarter valued at $495,000. Finally, Vontobel Holding Ltd. bought a new position in shares of Commvault Systems during the 3rd quarter valued at $1,126,000. Institutional investors own 93.50% of the company’s stock.

Commvault Systems Stock Up 2.0 %

Shares of Commvault Systems stock opened at $175.75 on Friday. The business has a 50 day moving average of $160.48 and a 200 day moving average of $142.47. Commvault Systems, Inc. has a 52 week low of $73.33 and a 52 week high of $178.72. The company has a market cap of $7.69 billion, a PE ratio of 44.49 and a beta of 0.61.

Commvault Systems (NASDAQ:CVLT) last issued its quarterly earnings data on Tuesday, October 29th. The software maker reported $0.83 EPS for the quarter, topping the consensus estimate of $0.76 by $0.07. Commvault Systems had a net margin of 19.75% and a return on equity of 31.62%. The business had revenue of $233.28 million during the quarter, compared to analyst estimates of $220.76 million. During the same period in the prior year, the business earned $0.30 EPS. The company’s revenue for the quarter was up 16.1% on a year-over-year basis. On average, research analysts anticipate that Commvault Systems, Inc. will post 1.66 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CVLT shares. DA Davidson boosted 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. Royal Bank of Canada lifted their price objective on Commvault Systems from $164.00 to $182.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. StockNews.com cut Commvault Systems from a “strong-buy” rating to a “buy” rating in a report on Friday, November 1st. Oppenheimer began coverage on Commvault Systems in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $200.00 price target on the stock. Finally, Guggenheim lowered Commvault Systems from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 15th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Commvault Systems presently has an average rating of “Moderate Buy” and a consensus price target of $151.25.

Insiders Place Their Bets

In related news, insider Gary Merrill sold 1,523 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $164.89, for a total transaction of $251,127.47. Following the sale, the insider now owns 93,007 shares of the company’s stock, valued at $15,335,924.23. The trade was a 1.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Allison Pickens sold 1,232 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $172.50, for a total transaction of $212,520.00. Following the transaction, the director now directly owns 5,899 shares of the company’s stock, valued at $1,017,577.50. This represents a 17.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,530 shares of company stock worth $2,244,755 over the last three months. Company insiders own 1.00% of the company’s stock.

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.