Bosun Asset Management LLC Has $1.14 Million Position in Commvault Systems, Inc. (NASDAQ:CVLT)

Bosun Asset Management LLC lifted its position in shares of Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 39.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,583 shares of the software maker's stock after purchasing an additional 2,160 shares during the quarter. Bosun Asset Management LLC's holdings in Commvault Systems were worth $1,144,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in CVLT. Benjamin Edwards Inc. lifted its holdings in Commvault Systems by 3.3% during the fourth quarter. Benjamin Edwards Inc. now owns 1,803 shares of the software maker's stock valued at $272,000 after purchasing an additional 58 shares in the last quarter. AXA S.A. bought a new position in shares of Commvault Systems in the fourth quarter worth about $2,697,000. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Commvault Systems by 105.3% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 203,704 shares of the software maker's stock worth $30,741,000 after buying an additional 104,489 shares during the period. Freestone Grove Partners LP bought a new position in shares of Commvault Systems during the fourth quarter valued at approximately $232,000. Finally, Voleon Capital Management LP purchased a new position in Commvault Systems in the fourth quarter valued at about $873,000. Institutional investors own 93.50% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. KeyCorp dropped their price target on Commvault Systems from $195.00 to $185.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Oppenheimer boosted their price objective on Commvault Systems from $180.00 to $200.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Cantor Fitzgerald increased their target price on shares of Commvault Systems from $159.00 to $173.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. StockNews.com raised Commvault Systems from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Finally, Wells Fargo & Company upped their price target on Commvault Systems from $180.00 to $190.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $175.25.

Commvault Systems Stock Down 2.4 %

CVLT traded down $4.19 during trading on Friday, reaching $170.60. The stock had a trading volume of 394,583 shares, compared to its average volume of 416,504. The stock has a 50 day moving average of $159.00 and a two-hundred day moving average of $163.28. Commvault Systems, Inc. has a 1-year low of $105.76 and a 1-year high of $190.11. The firm has a market capitalization of $7.53 billion, a price-to-earnings ratio of 44.78 and a beta of 0.71.

Commvault Systems (NASDAQ:CVLT - Get Free Report) last announced its earnings results on Tuesday, April 29th. The software maker reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.10. Commvault Systems had a net margin of 18.14% and a return on equity of 28.69%. The company had revenue of $275.04 million for the quarter, compared to the consensus estimate of $262.52 million. During the same period in the previous year, the business earned $0.79 EPS. The company's revenue was up 23.2% on a year-over-year basis. On average, research analysts forecast that Commvault Systems, Inc. will post 1.65 EPS for the current fiscal year.

Insider Buying and Selling at Commvault Systems

In other news, CEO Sanjay Mirchandani sold 12,318 shares of the firm's 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 completion of the sale, the chief executive officer now directly owns 427,231 shares in the company, valued at approximately $79,447,876.76. This trade represents a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Nicola Adamo sold 1,500 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $169.74, for a total value of $254,610.00. Following the sale, the director now directly owns 16,178 shares of the company's stock, valued at $2,746,053.72. This represents a 8.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,105 shares of company stock worth $3,159,737 over the last ninety days. Company insiders own 1.00% of the company's stock.

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.