2 weeks Ago By ABMN Staff
Dimensional Fund Advisors LP raised its position in Commvault Systems, Inc. ( NASDAQ:CVLT – Free Report ) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 523,474 shares of the software maker’s stock after purchasing an additional 2,633 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Commvault Systems were worth $63,637,000 at the end of the most recent quarter. Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CVLT.
Envestnet Asset Management Inc. boosted its position in Commvault Systems by 30.8% during the second quarter.
Envestnet Asset Management Inc. now owns 57,198 shares of the software maker’s stock worth $6,954,000 after purchasing an additional 13,472 shares during the period. Parallel Advisors LLC lifted its holdings in shares of Commvault Systems by 5.
9% during the 2nd quarter. Parallel Advisors LLC now owns 2,749 shares of the software maker’s stock worth $334,000 after acquiring an additional 153 shares during the period. Federated Hermes Inc.
boosted its holdings in Commvault Systems by 13.5% during the second quarter. Federated Hermes Inc.
now owns 103,834 shares of the software maker’s stock valued at $12,623,000 after purchasing an additional 12,329 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of Commvault Systems during the second quarter valued at $101,000.
Finally, BOKF NA boosted its position in Commvault Systems by 101.6% in the second quarter. BOKF NA now owns 6,287 shares of the software maker’s stock valued at $764,000 after buying an additional 3,168 shares in the last quarter.
Institutional investors own 93.50% of the company’s stock. Insiders Place Their Bets In other Commvault Systems news, insider Gary Merrill sold 17,388 shares of Commvault Systems stock in a transaction dated 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 completion of the sale, the insider now owns 94,530 shares in the company, valued at approximately $14,251,342.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website .
In related news, insider Gary Merrill sold 17,388 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $14,251,342.80.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink . Also, Director Allison Pickens sold 1,232 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $153.
89, for a total value of $189,592.48. Following the completion of the sale, the director now directly owns 7,131 shares in the company, valued at $1,097,389.
59. The disclosure for this sale can be found here . Company insiders own 1.
00% of the company’s stock. Commvault Systems Trading Down 0.4 % Commvault Systems ( NASDAQ:CVLT – Get Free Report ) last announced its quarterly earnings results on Tuesday, July 30th.
The software maker reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.
12. The business had revenue of $224.67 million during the quarter, compared to the consensus estimate of $215.
54 million. Commvault Systems had a return on equity of 32.16% and a net margin of 20.
19%. The company’s quarterly revenue was up 13.4% on a year-over-year basis.
During the same quarter last year, the firm posted $0.29 EPS. As a group, research analysts forecast that Commvault Systems, Inc.
will post 1.66 earnings per share for the current year. Analyst Ratings Changes A number of analysts have recently weighed in on CVLT shares.
DA Davidson raised their target price on Commvault Systems from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, September 6th.
Royal Bank of Canada lifted their price target on shares of Commvault Systems from $121.00 to $152.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 31st.
Piper Sandler raised their target price on Commvault Systems from $107.00 to $123.00 and gave the stock a “neutral” rating in a report on Monday, July 15th.
KeyCorp lifted their target price on Commvault Systems from $140.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st.
Finally, StockNews.com lowered shares of Commvault Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock.
Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $140.00. Check Out Our Latest Stock Report on Commvault Systems About Commvault Systems ( Free Report ) 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. Read More Want to see what other hedge funds are holding CVLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Commvault Systems, Inc.
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