Bokf Na Has $764,000 Stake in Commvault Systems, Inc. (NASDAQ:CVLT)

Bokf Na increased its holdings in Commvault Systems, Inc. (NASDAQ:CVLT) by 101.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,287 shares of the software maker’s stock after buying an additional 3,168 shares during the period. Bokf Na’s holdings in Commvault Systems were worth $764,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. National Bank of Canada FI acquired a new stake in shares of Commvault Systems in the second quarter valued at approximately $30,000. Hexagon Capital Partners LLC raised its position in shares of Commvault Systems by 124.8% in the second quarter. Hexagon Capital Partners LLC now owns 353 shares of the software maker’s stock valued at $43,000 after buying an additional 196 shares in the last quarter. Signaturefd LLC raised its position in shares of Commvault Systems by 70.8% in the second quarter. Signaturefd LLC now owns 410 shares of the software maker’s stock valued at $50,000 after buying an additional 170 shares in the last quarter. Strategic Financial Concepts LLC bought a new position in Commvault Systems in the second quarter valued at approximately $56,000. Finally, GAMMA Investing LLC increased its stake in Commvault Systems by 140.5% in the second quarter. GAMMA Investing LLC now owns 529 shares of the software maker’s stock valued at $64,000 after acquiring an additional 309 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Piper Sandler lifted their price objective on shares of Commvault Systems from $107.00 to $123.00 and gave the company a “neutral” rating in a research note on Monday, July 15th. StockNews.com cut shares of Commvault Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 31st. Royal Bank of Canada lifted their price objective on shares of Commvault Systems from $121.00 to $152.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 31st. KeyCorp lifted 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. Finally, Guggenheim reissued a “buy” rating and issued a $122.00 price objective on shares of Commvault Systems in a research note on Tuesday, June 25th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Commvault Systems presently has an average rating of “Moderate Buy” and an average price target of $140.00.

Commvault Systems Stock Performance

NASDAQ CVLT opened at $147.81 on Monday. The firm’s fifty day moving average price is $140.02 and its two-hundred day moving average price is $118.26. The stock has a market cap of $6.47 billion, a PE ratio of 39.31 and a beta of 0.60. Commvault Systems, Inc. has a fifty-two week low of $63.70 and a fifty-two week high of $157.13.

Commvault Systems (NASDAQ:CVLT) last posted 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. The firm 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%. The company’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 earnings per share. As a group, sell-side analysts predict that Commvault Systems, Inc. will post 1.66 earnings per share for the current fiscal year.

Insider Buying and Selling

In related 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 value of $189,592.48. Following the sale, the director now owns 7,131 shares of the company’s stock, valued at $1,097,389.59. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related 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 value of $2,621,414.88. Following the transaction, the insider now owns 94,530 shares in the company, valued at $14,251,342.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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 completion of the transaction, the director now 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.

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.