American Century Companies Inc. Acquires 772 Shares of Commvault Systems, Inc. (NASDAQ:CVLT)

American Century Companies Inc. boosted its holdings in Commvault Systems, Inc. (NASDAQ:CVLT) by 3.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,499 shares of the software maker’s stock after purchasing an additional 772 shares during the quarter. American Century Companies Inc. owned approximately 0.06% of Commvault Systems worth $3,100,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Commvault Systems during the 4th quarter worth approximately $24,134,000. UBS Group AG raised its holdings in shares of Commvault Systems by 71.3% during the 4th quarter. UBS Group AG now owns 77,424 shares of the software maker’s stock worth $6,182,000 after acquiring an additional 32,217 shares in the last quarter. US Bancorp DE raised its holdings 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 worth $804,000 after acquiring an additional 556 shares in the last quarter. Quantedge Capital Pte Ltd raised its holdings 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 worth $4,296,000 after acquiring an additional 300 shares in the last quarter. Finally, Circumference Group LLC purchased a new stake in shares of Commvault Systems during the 4th quarter worth approximately $2,843,000. 93.50% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Commvault Systems Stock Down 0.4 %

CVLT stock opened at $151.82 on Friday. The business’s fifty day simple moving average is $145.32 and its two-hundred day simple moving average is $121.33. Commvault Systems, Inc. has a twelve month low of $63.70 and a twelve month high of $157.13. The firm has a market cap of $6.64 billion, a price-to-earnings ratio of 40.38 and a beta of 0.60.

Commvault Systems (NASDAQ:CVLT) last released its earnings results 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 business had revenue of $224.67 million for the quarter, compared to analyst estimates of $215.54 million. During the same quarter last year, the firm posted $0.29 earnings per share. The business’s revenue was up 13.4% compared to the same quarter last year. Research analysts expect that Commvault Systems, Inc. will post 1.66 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. StockNews.com cut Commvault Systems from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 31st. Guggenheim restated a “buy” rating and set a $122.00 price target on shares of Commvault Systems in a report on Tuesday, June 25th. Royal Bank of Canada increased their price target on Commvault Systems from $121.00 to $152.00 and gave the company a “sector perform” rating in a report on Wednesday, July 31st. KeyCorp increased their price target on Commvault Systems from $140.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Finally, DA Davidson increased 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 investment 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 company presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.00.

Commvault Systems 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.