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

GAMMA Investing LLC increased its position in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 13.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,006 shares of the software maker’s stock after buying an additional 121 shares during the period. GAMMA Investing LLC’s holdings in Commvault Systems were worth $152,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Xponance Inc. increased its stake in Commvault Systems by 1.3% in the second quarter. Xponance Inc. now owns 6,371 shares of the software maker’s stock valued at $775,000 after purchasing an additional 79 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in Commvault Systems by 5.4% in the second quarter. Commonwealth Equity Services LLC now owns 2,701 shares of the software maker’s stock valued at $328,000 after acquiring an additional 139 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Commvault Systems by 5.9% in the 2nd quarter. Parallel Advisors LLC now owns 2,749 shares of the software maker’s stock valued at $334,000 after purchasing an additional 153 shares during the period. Lindenwold Advisors INC grew its stake in Commvault Systems by 2.4% during the 3rd quarter. Lindenwold Advisors INC now owns 7,028 shares of the software maker’s stock worth $1,081,000 after buying an additional 164 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in Commvault Systems by 43.9% in the third quarter. Signaturefd LLC now owns 590 shares of the software maker’s stock valued at $91,000 after buying an additional 180 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Insider Activity at Commvault Systems

In other Commvault Systems news, CEO Sanjay Mirchandani sold 10,775 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $165.30, for a total transaction of $1,781,107.50. Following the sale, the chief executive officer now directly owns 459,969 shares in the company, valued at approximately $76,032,875.70. The trade was a 2.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gary Merrill sold 1,523 shares of the 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 completion of the transaction, the insider now owns 93,007 shares of the company’s stock, valued at $15,335,924.23. This represents a 1.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,530 shares of company stock worth $2,244,755 over the last three months. 1.00% of the stock is currently owned by corporate insiders.

Commvault Systems Stock Up 3.1 %

Shares of NASDAQ:CVLT opened at $157.80 on Friday. Commvault Systems, Inc. has a fifty-two week low of $74.47 and a fifty-two week high of $178.72. The firm’s 50-day simple moving average is $165.54 and its 200-day simple moving average is $150.04. The company has a market cap of $6.90 billion, a price-to-earnings ratio of 39.95 and a beta of 0.65.

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

Wall Street Analysts Forecast Growth

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

About Commvault Systems

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.