Savant Capital LLC Purchases 465 Shares of Commvault Systems, Inc. (NASDAQ:CVLT)

Savant Capital LLC raised its stake in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 12.9% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 4,060 shares of the software maker’s stock after purchasing an additional 465 shares during the period. Savant Capital LLC’s holdings in Commvault Systems were worth $494,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC boosted its stake in 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 purchasing an additional 10,863 shares during the last quarter. Ontario Teachers Pension Plan Board boosted 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 last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Commvault Systems during the 1st quarter valued at about $595,000. BOKF NA boosted its stake in Commvault Systems by 55.3% during the 1st quarter. BOKF NA now owns 3,119 shares of the software maker’s stock valued at $313,000 after purchasing an additional 1,110 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Commvault Systems during the 4th quarter valued at about $3,092,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Commvault Systems Trading Up 1.0 %

NASDAQ:CVLT opened at $146.92 on Friday. The stock has a market capitalization of $6.43 billion, a PE ratio of 39.07 and a beta of 0.60. The firm’s 50 day moving average is $139.11 and its 200 day moving average is $117.36. 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 quarterly earnings results on Tuesday, July 30th. The software maker reported $0.85 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.29 EPS. Research analysts predict that Commvault Systems, Inc. will post 1.66 earnings per share for the current year.

Insider Buying and Selling

In other Commvault Systems news, insider Gary Merrill sold 17,388 shares of the business’s stock in a transaction 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 sale, the insider now owns 94,530 shares of the company’s stock, valued at approximately $14,251,342.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Commvault Systems news, insider Gary Merrill sold 17,388 shares of the business’s stock in a transaction 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 sale, the insider now owns 94,530 shares of the company’s stock, valued at approximately $14,251,342.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 in the company, valued at approximately $1,097,389.59. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Royal Bank of Canada lifted their price target on Commvault Systems from $121.00 to $152.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 31st. Guggenheim restated a “buy” rating and issued a $122.00 target price on shares of Commvault Systems in a research note on Tuesday, June 25th. KeyCorp boosted their target price on Commvault Systems from $140.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. StockNews.com downgraded Commvault Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 31st. Finally, DA Davidson boosted their target price on Commvault Systems from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently 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.