Versor Investments LP Boosts Stake in Commvault Systems, Inc. (NASDAQ:CVLT)

Versor Investments LP increased its position in Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 168.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,730 shares of the software maker's stock after purchasing an additional 3,594 shares during the period. Versor Investments LP's holdings in Commvault Systems were worth $882,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Swiss National Bank lifted its stake in shares of Commvault Systems by 5.1% in the first quarter. Swiss National Bank now owns 86,400 shares of the software maker's stock valued at $8,764,000 after buying an additional 4,200 shares in the last quarter. Sei Investments Co. boosted its stake in Commvault Systems by 0.4% during the 1st quarter. Sei Investments Co. now owns 89,427 shares of the software maker's stock valued at $9,071,000 after purchasing an additional 323 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Commvault Systems by 11.5% in the first quarter. Russell Investments Group Ltd. now owns 128,268 shares of the software maker's stock worth $12,996,000 after purchasing an additional 13,207 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of Commvault Systems by 9.3% in the first quarter. ProShare Advisors LLC now owns 13,327 shares of the software maker's stock valued at $1,352,000 after purchasing an additional 1,133 shares in the last quarter. Finally, Entropy Technologies LP purchased a new position in shares of Commvault Systems during the first quarter valued at approximately $535,000. Institutional investors and hedge funds own 93.50% of the company's stock.

Commvault Systems Trading Up 4.1 %

Shares of NASDAQ:CVLT traded up $6.89 during mid-day trading on Wednesday, reaching $176.57. The company had a trading volume of 741,599 shares, compared to its average volume of 358,426. Commvault Systems, Inc. has a one year low of $68.02 and a one year high of $177.58. The company's 50-day moving average price is $152.65 and its 200-day moving average price is $134.89. The firm has a market cap of $7.72 billion, a price-to-earnings ratio of 44.70 and a beta of 0.59.

Commvault Systems (NASDAQ:CVLT - Get Free Report) last issued its earnings results on Tuesday, October 29th. The software maker reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.07. The firm had revenue of $233.28 million for the quarter, compared to analyst estimates 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 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. On average, research analysts anticipate that Commvault Systems, Inc. will post 1.65 EPS for the current fiscal year.

Insider Buying and Selling at Commvault Systems

In other 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 transaction, the insider now owns 94,530 shares in the company, valued at $14,251,342.80. This trade 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. In other Commvault Systems news, Director Allison Pickens sold 1,232 shares of the firm's stock in a transaction dated 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 transaction, the director now owns 7,131 shares in the company, valued at $1,097,389.59. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gary Merrill sold 17,388 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $150.76, for a total transaction of $2,621,414.88. Following the completion of the sale, the insider now directly owns 94,530 shares in the company, valued at approximately $14,251,342.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.