Centiva Capital LP Has $1.32 Million Position in Commvault Systems, Inc. (NASDAQ:CVLT)

Centiva Capital LP lifted its position in Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 193.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,567 shares of the software maker's stock after purchasing an additional 5,645 shares during the quarter. Centiva Capital LP's holdings in Commvault Systems were worth $1,318,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CVLT. SG Americas Securities LLC boosted its stake in Commvault Systems by 504.6% in the second quarter. SG Americas Securities LLC now owns 13,016 shares of the software maker's stock worth $1,582,000 after purchasing an additional 10,863 shares in the last quarter. Intech Investment Management LLC bought a new stake in Commvault Systems during the 2nd quarter worth about $2,221,000. Charles Schwab Investment Management Inc. increased its position in Commvault Systems by 25.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 586,795 shares of the software maker's stock valued at $90,278,000 after acquiring an additional 120,779 shares in the last quarter. Summit Partners Public Asset Management LLC bought a new position in Commvault Systems in the 3rd quarter worth approximately $67,722,000. Finally, Ellsworth Advisors LLC acquired a new position in Commvault Systems during the 2nd quarter worth $495,000. 93.50% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Allison Pickens sold 1,232 shares of Commvault Systems stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $172.50, for a total value of $212,520.00. Following the sale, the director now owns 5,899 shares of the company's stock, valued at approximately $1,017,577.50. The trade was a 17.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gary Merrill sold 1,523 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $164.89, for a total value of $251,127.47. Following the completion of the transaction, the insider now owns 93,007 shares of the company's stock, valued at approximately $15,335,924.23. This represents a 1.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,530 shares of company stock valued at $2,244,755 in the last quarter. 1.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. StockNews.com lowered Commvault Systems from a "strong-buy" rating to a "buy" rating in a research report on Friday, November 1st. DA Davidson boosted their price target on shares of Commvault Systems from $170.00 to $175.00 and gave the stock a "buy" rating in a research note on Friday, September 6th. Royal Bank of Canada raised 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 note on Wednesday, October 30th. Guggenheim downgraded Commvault Systems from a "buy" rating to a "neutral" rating in a research note on Tuesday, October 15th. Finally, Oppenheimer assumed coverage on Commvault Systems in a research note on Wednesday, November 13th. They set an "outperform" rating and a $200.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Commvault Systems has a consensus rating of "Moderate Buy" and a consensus target price of $151.25.

Commvault Systems Trading Down 1.4 %

Shares of NASDAQ:CVLT traded down $2.51 during trading on Thursday, hitting $172.24. 276,613 shares of the company's stock traded hands, compared to its average volume of 355,869. The company has a 50-day moving average price of $159.61 and a 200-day moving average price of $141.58. Commvault Systems, Inc. has a 52 week low of $73.33 and a 52 week high of $178.72. The company has a market cap of $7.53 billion, a price-to-earnings ratio of 44.24 and a beta of 0.61.

Commvault Systems (NASDAQ:CVLT - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The software maker reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.07. The company had revenue of $233.28 million during the quarter, compared to the consensus estimate of $220.76 million. Commvault Systems had a net margin of 19.75% and a return on equity of 31.62%. The firm's revenue was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.30 earnings per share. On average, analysts predict that Commvault Systems, Inc. will post 1.66 earnings per share for the current fiscal year.

Commvault Systems Company 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.