International Assets Investment Management LLC Invests $4.14 Million in Commvault Systems, Inc. (NASDAQ:CVLT)

International Assets Investment Management LLC bought a new stake in Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 26,924 shares of the software maker's stock, valued at approximately $4,142,000. International Assets Investment Management LLC owned approximately 0.06% of Commvault Systems 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. National Bank of Canada FI bought a new position in shares of Commvault Systems in the second quarter valued at $30,000. Hexagon Capital Partners LLC increased its stake in shares of Commvault Systems by 124.8% during the 2nd quarter. Hexagon Capital Partners LLC now owns 353 shares of the software maker's stock worth $43,000 after purchasing an additional 196 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Commvault Systems by 70.8% in the 2nd quarter. Signaturefd LLC now owns 410 shares of the software maker's stock valued at $50,000 after purchasing an additional 170 shares during the period. GAMMA Investing LLC lifted its stake in Commvault Systems by 140.5% in the 2nd quarter. GAMMA Investing LLC now owns 529 shares of the software maker's stock valued at $64,000 after purchasing an additional 309 shares during the last quarter. Finally, DT Investment Partners LLC bought a new position in Commvault Systems during the second quarter worth about $69,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Royal Bank of Canada upped 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. StockNews.com downgraded Commvault Systems from a "strong-buy" rating to a "buy" rating in a report on Friday. KeyCorp lifted their price objective on shares of Commvault Systems from $140.00 to $170.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 31st. Guggenheim lowered shares of Commvault Systems from a "buy" rating to a "neutral" rating in a research report on Tuesday, October 15th. Finally, DA Davidson lifted their target price on shares of Commvault Systems from $170.00 to $175.00 and gave the stock a "buy" rating in a report on Friday, September 6th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Commvault Systems currently has a consensus rating of "Moderate Buy" and a consensus target price of $144.29.

Commvault Systems Stock Performance

Shares of CVLT stock traded down $0.50 on Friday, hitting $155.69. The company's stock had a trading volume of 437,408 shares, compared to its average volume of 354,680. Commvault Systems, Inc. has a fifty-two week low of $65.43 and a fifty-two week high of $171.26. The company has a market capitalization of $6.81 billion, a PE ratio of 39.42 and a beta of 0.60. The stock's 50 day moving average is $149.93 and its 200-day moving average is $130.57.

Commvault Systems (NASDAQ:CVLT - Get Free Report) last announced its earnings results on Tuesday, October 29th. The software maker reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.07. Commvault Systems had a net margin of 19.75% and a return on equity of 31.62%. The firm had revenue of $233.28 million for the quarter, compared to analyst estimates of $220.76 million. During the same quarter in the prior year, the business posted $0.30 EPS. The business's revenue was up 16.1% compared to the same quarter last year. On average, research analysts forecast that Commvault Systems, Inc. will post 1.68 earnings per share for the current year.

Insider Buying and Selling at Commvault Systems

In related news, Director Allison Pickens sold 1,232 shares of the company's stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $153.89, for a total transaction of $189,592.48. Following the completion of the sale, the director now owns 7,131 shares of the company's stock, valued at $1,097,389.59. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Commvault Systems news, Director Allison Pickens sold 1,232 shares of the company's stock in a transaction on Friday, August 30th. The stock was sold at an average price of $153.89, for a total transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gary Merrill sold 17,388 shares of Commvault Systems stock in a transaction on 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 transaction, the insider now owns 94,530 shares in the company, valued at approximately $14,251,342.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.00% of the company's stock.

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.