Commvault Systems, Inc. (NASDAQ:CVLT) Shares Acquired by Bosun Asset Management LLC

Bosun Asset Management LLC increased its position in shares of Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 39.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,583 shares of the software maker's stock after acquiring 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 and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Quarry LP boosted its holdings in Commvault Systems by 888.2% in the 4th quarter. Quarry LP now owns 168 shares of the software maker's stock valued at $25,000 after purchasing an additional 151 shares during the last quarter. TFC Financial Management Inc. lifted its holdings in Commvault Systems by 294.1% in the fourth quarter. TFC Financial Management Inc. now owns 402 shares of the software maker's stock valued at $61,000 after acquiring an additional 300 shares during the last quarter. GeoWealth Management LLC acquired a new position in Commvault Systems in the fourth quarter valued at approximately $101,000. Blue Trust Inc. grew its position in Commvault Systems by 37,400.0% in the fourth quarter. Blue Trust Inc. now owns 750 shares of the software maker's stock worth $113,000 after acquiring an additional 748 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in Commvault Systems during the fourth quarter worth $127,000. Hedge funds and other institutional investors own 93.50% of the company's stock.

Commvault Systems Stock Up 0.8 %

NASDAQ:CVLT opened at $174.00 on Tuesday. Commvault Systems, Inc. has a 52 week low of $105.76 and a 52 week high of $190.11. The company has a fifty day simple moving average of $158.52 and a two-hundred day simple moving average of $162.42. The company has a market cap of $7.66 billion, a price-to-earnings ratio of 45.67 and a beta of 0.71.

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

Insider Buying and Selling

In other Commvault Systems news, CEO Sanjay Mirchandani sold 12,318 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $185.96, for a total transaction of $2,290,655.28. Following the completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Gary Merrill sold 3,287 shares of the firm's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $186.94, for a total transaction of $614,471.78. Following the completion of the sale, the insider now owns 87,316 shares in the company, valued at $16,322,853.04. The trade was a 3.63 % 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.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. StockNews.com upgraded Commvault Systems from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Piper Sandler reduced their price target on shares of Commvault Systems from $154.00 to $147.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. KeyCorp lowered their price objective on shares of Commvault Systems from $195.00 to $185.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Royal Bank of Canada boosted their target price on Commvault Systems from $175.00 to $185.00 and gave the company a "sector perform" rating in a research report on Wednesday, April 30th. Finally, William Blair upgraded Commvault Systems from a "market perform" rating to an "outperform" rating in a research report on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $175.25.

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.

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