Commvault Systems, Inc. (NASDAQ:CVLT) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 13.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,006 shares of the software maker’s stock after buying an additional 121 shares during the quarter. GAMMA Investing LLC’s holdings in Commvault Systems were worth $152,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. National Bank of Canada FI acquired a new position in shares of Commvault Systems in the second quarter worth $30,000. Capital Performance Advisors LLP acquired a new position in Commvault Systems in the 3rd quarter valued at about $33,000. Point72 DIFC Ltd acquired a new position in Commvault Systems in the 3rd quarter valued at about $71,000. Signaturefd LLC lifted its holdings in Commvault Systems by 43.9% in the 3rd quarter. Signaturefd LLC now owns 590 shares of the software maker’s stock valued at $91,000 after purchasing an additional 180 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Commvault Systems during the 2nd quarter worth about $101,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Insider Activity

In other news, Director Allison Pickens sold 1,232 shares of Commvault Systems 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 sale, the director now owns 5,899 shares in the company, valued at $1,017,577.50. This trade represents a 17.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Gary Merrill sold 1,523 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $164.89, for a total transaction of $251,127.47. Following the completion of the transaction, the insider now owns 93,007 shares of the company’s stock, valued at $15,335,924.23. This trade represents a 1.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,530 shares of company stock valued at $2,244,755. Company insiders own 1.00% of the company’s stock.

Commvault Systems Trading Up 3.1 %

CVLT stock opened at $157.80 on Friday. The company has a market cap of $6.90 billion, a PE ratio of 39.95 and a beta of 0.65. The stock has a 50-day moving average price of $165.54 and a two-hundred day moving average price of $150.04. Commvault Systems, Inc. has a 12-month low of $74.47 and a 12-month high of $178.72.

Commvault Systems (NASDAQ:CVLT) last posted its quarterly earnings results on Tuesday, October 29th. The software maker reported $0.83 EPS for the quarter, beating the consensus estimate of $0.76 by $0.07. The firm had revenue of $233.28 million for the quarter, compared to analyst estimates of $220.76 million. Commvault Systems had a net margin of 19.75% and a return on equity of 31.62%. Commvault Systems’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.30 earnings per share. Equities analysts forecast that Commvault Systems, Inc. will post 1.66 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.