Commvault Systems, Inc. (NASDAQ:CVLT) Shares Acquired by Townsquare Capital LLC

Townsquare Capital LLC grew its stake in Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 95.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,765 shares of the software maker's stock after acquiring an additional 18,402 shares during the quarter. Townsquare Capital LLC owned about 0.09% of Commvault Systems worth $5,810,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. AQR Capital Management LLC grew its position in Commvault Systems by 33.5% in the second quarter. AQR Capital Management LLC now owns 648,858 shares of the software maker's stock worth $78,882,000 after acquiring an additional 162,722 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Commvault Systems by 7.5% during the 2nd quarter. Renaissance Technologies LLC now owns 1,813,487 shares of the software maker's stock worth $220,466,000 after purchasing an additional 126,800 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Commvault Systems by 25.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 586,795 shares of the software maker's stock worth $90,278,000 after purchasing an additional 120,779 shares during the last quarter. Congress Asset Management Co. raised its holdings in Commvault Systems by 29.4% in the 3rd quarter. Congress Asset Management Co. now owns 492,162 shares of the software maker's stock valued at $75,719,000 after buying an additional 111,715 shares during the period. Finally, FMR LLC lifted its position in Commvault Systems by 26.1% in the third quarter. FMR LLC now owns 466,315 shares of the software maker's stock valued at $71,743,000 after buying an additional 96,525 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company's stock.

Wall Street Analysts Forecast Growth

CVLT has been the subject of a number of recent analyst reports. StockNews.com cut shares of Commvault Systems from a "strong-buy" rating to a "buy" rating in a research report on Friday, November 1st. Oppenheimer initiated coverage on Commvault Systems in a research note on Wednesday, November 13th. They set an "outperform" rating and a $200.00 price target on the stock. Royal Bank of Canada lifted their price objective on Commvault Systems from $164.00 to $182.00 and gave the company a "sector perform" rating in a research note on Wednesday, October 30th. DA Davidson increased their target price on Commvault Systems from $170.00 to $175.00 and gave the stock a "buy" rating in a research note on Friday, September 6th. Finally, Guggenheim downgraded Commvault Systems from a "buy" rating to a "neutral" rating in a research report on Tuesday, October 15th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $151.25.

Commvault Systems Trading Down 0.0 %

CVLT traded down $0.04 on Friday, hitting $171.59. 144,938 shares of the company were exchanged, compared to its average volume of 357,616. The firm has a 50-day moving average price of $158.09 and a two-hundred day moving average price of $139.65. Commvault Systems, Inc. has a twelve month low of $72.76 and a twelve month high of $178.72. The company has a market cap of $7.50 billion, a price-to-earnings ratio of 43.44 and a beta of 0.59.

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

Insiders Place Their Bets

In other Commvault Systems news, CEO Sanjay Mirchandani sold 10,775 shares of the firm's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $165.30, for a total value of $1,781,107.50. Following the completion of the sale, the chief executive officer now owns 459,969 shares of the company's stock, valued at approximately $76,032,875.70. This trade represents a 2.29 % 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 company's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $164.89, for a total transaction of $251,127.47. Following the transaction, the insider now directly owns 93,007 shares in the company, valued at approximately $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. 1.00% of the stock is currently owned by corporate insiders.

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.