Aquatic Capital Management LLC Increases Stock Position in Commvault Systems, Inc. (NASDAQ:CVLT)

Aquatic Capital Management LLC increased its position in Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 48.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 27,822 shares of the software maker's stock after buying an additional 9,122 shares during the period. Aquatic Capital Management LLC owned about 0.06% of Commvault Systems worth $4,199,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CVLT. Vanguard Group Inc. lifted its holdings in shares of Commvault Systems by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 5,636,559 shares of the software maker's stock valued at $850,613,000 after acquiring an additional 54,562 shares during the last quarter. Renaissance Technologies LLC increased its position in Commvault Systems by 1.3% during the 4th quarter. Renaissance Technologies LLC now owns 1,909,185 shares of the software maker's stock valued at $288,115,000 after buying an additional 24,900 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Commvault Systems by 57.7% in the fourth quarter. Invesco Ltd. now owns 1,660,108 shares of the software maker's stock valued at $250,527,000 after purchasing an additional 607,643 shares during the period. Geode Capital Management LLC grew its holdings in Commvault Systems by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 1,288,068 shares of the software maker's stock worth $194,681,000 after acquiring an additional 43,088 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in Commvault Systems by 604.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 647,525 shares of the software maker's stock worth $98,479,000 after purchasing an additional 555,656 shares in the last quarter. Institutional investors own 93.50% of the company's stock.

Analysts Set New Price Targets

CVLT has been the topic of several recent analyst reports. Piper Sandler decreased their price target on Commvault Systems from $154.00 to $147.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Guggenheim reaffirmed a "neutral" rating on shares of Commvault Systems in a report on Wednesday, April 23rd. Cantor Fitzgerald increased their target price on shares of Commvault Systems from $159.00 to $173.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. StockNews.com upgraded Commvault Systems from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. Finally, William Blair raised shares of Commvault Systems from a "market perform" rating to an "outperform" rating in a research note on Thursday, January 30th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $166.67.

Commvault Systems Stock Performance

Commvault Systems stock traded down $1.60 during mid-day trading on Wednesday, reaching $167.13. The company's stock had a trading volume of 646,350 shares, compared to its average volume of 413,964. The company has a market capitalization of $7.35 billion, a price-to-earnings ratio of 43.87 and a beta of 0.68. Commvault Systems, Inc. has a 12 month low of $101.54 and a 12 month high of $190.11. The business's 50 day simple moving average is $158.56 and its 200 day simple moving average is $161.72.

Commvault Systems (NASDAQ:CVLT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The software maker reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.10. The firm had revenue of $275.04 million for the quarter, compared to analyst estimates of $262.52 million. Commvault Systems had a return on equity of 28.69% and a net margin of 18.14%. The company's revenue was up 23.2% on a year-over-year basis. During the same quarter last year, the company earned $0.79 EPS. As a group, sell-side analysts expect that Commvault Systems, Inc. will post 1.65 EPS for the current year.

Insider Transactions at Commvault Systems

In related news, insider Gary Merrill sold 3,287 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $186.94, for a total value of $614,471.78. Following the completion of the sale, the insider now directly owns 87,316 shares of the company's stock, valued at approximately $16,322,853.04. This represents a 3.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Sanjay Mirchandani sold 12,318 shares of Commvault Systems stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $185.96, for a total value of $2,290,655.28. Following the sale, the chief executive officer now owns 427,231 shares in the company, valued at $79,447,876.76. The trade was a 2.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.