4,721 Shares in Commvault Systems, Inc. (NASDAQ:CVLT) Acquired by Angeles Wealth Management LLC

Angeles Wealth Management LLC bought a new stake in shares of Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,721 shares of the software maker's stock, valued at approximately $726,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Champlain Investment Partners LLC grew its holdings in shares of Commvault Systems by 58.5% during the 1st quarter. Champlain Investment Partners LLC now owns 825,236 shares of the software maker's stock worth $83,704,000 after acquiring an additional 304,459 shares during the period. Acadian Asset Management LLC lifted its position in Commvault Systems by 16.3% during the first quarter. Acadian Asset Management LLC now owns 1,596,635 shares of the software maker's stock valued at $161,914,000 after buying an additional 223,347 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Commvault Systems by 33.5% during the 2nd quarter. AQR Capital Management LLC now owns 648,858 shares of the software maker's stock valued at $78,882,000 after buying an additional 162,722 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Commvault Systems by 7.5% in the 2nd quarter. Renaissance Technologies LLC now owns 1,813,487 shares of the software maker's stock worth $220,466,000 after buying an additional 126,800 shares during the period. Finally, Congress Asset Management Co. increased its stake in shares of Commvault Systems by 29.4% in the 3rd quarter. Congress Asset Management Co. now owns 492,162 shares of the software maker's stock worth $75,719,000 after acquiring an additional 111,715 shares in the last quarter. Institutional investors own 93.50% of the company's stock.

Insider Activity

In related news, Director Allison Pickens sold 1,232 shares of Commvault Systems stock in a transaction on Friday, August 30th. The stock was 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 owns 7,131 shares of the company's stock, valued at $1,097,389.59. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Commvault Systems 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 value of $2,621,414.88. Following the transaction, the insider now directly owns 94,530 shares in the company, valued at approximately $14,251,342.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Allison Pickens sold 1,232 shares of the business's stock in a transaction on Friday, August 30th. The shares were sold at an average price of $153.89, for a total transaction of $189,592.48. Following the sale, the director now directly owns 7,131 shares of the company's stock, valued at approximately $1,097,389.59. 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 Price Performance

NASDAQ CVLT traded down $0.50 during trading hours on Friday, hitting $155.69. The company's stock had a trading volume of 437,408 shares, compared to its average volume of 448,649. The company has a market cap of $6.81 billion, a P/E ratio of 39.42 and a beta of 0.59. The company's 50 day simple moving average is $149.93 and its two-hundred day simple moving average is $131.07. Commvault Systems, Inc. has a 12 month low of $65.43 and a 12 month high of $171.26.

Commvault Systems (NASDAQ:CVLT - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $233.28 million during the quarter, compared to analyst estimates of $220.76 million. Commvault Systems had a net margin of 19.75% and a return on equity of 31.62%. 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 business posted $0.30 earnings per share. As a group, research analysts predict that Commvault Systems, Inc. will post 1.68 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on CVLT. KeyCorp raised their target price on shares of Commvault Systems from $140.00 to $170.00 and gave the company an "overweight" rating in a research note on Wednesday, July 31st. StockNews.com downgraded Commvault Systems from a "strong-buy" rating to a "buy" rating in a report on Friday. Royal Bank of Canada increased their target price on Commvault Systems from $164.00 to $182.00 and gave the stock a "sector perform" rating in a research note on Wednesday. DA Davidson lifted their price target on Commvault Systems from $170.00 to $175.00 and gave the stock a "buy" rating in a research report on Friday, September 6th. Finally, Guggenheim cut shares of Commvault Systems from a "buy" rating to a "neutral" rating in a research note on Tuesday, October 15th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $144.29.

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.