Deutsche Bank AG Acquires 35,514 Shares of Commvault Systems, Inc. (NASDAQ:CVLT)

Deutsche Bank AG boosted its stake in Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 81.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,380 shares of the software maker's stock after acquiring an additional 35,514 shares during the period. Deutsche Bank AG owned 0.18% of Commvault Systems worth $11,979,000 at the end of the most recent quarter.

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

Insider Activity at Commvault Systems

In related news, Director Nicola Adamo sold 1,500 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $169.74, for a total transaction 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 trade represents a 8.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.00% of the stock is currently owned by insiders.

Commvault Systems Stock Down 1.7%

Shares of CVLT stock traded down $3.09 during trading hours on Wednesday, hitting $176.42. 42,788 shares of the company's stock traded hands, compared to its average volume of 484,227. The stock's fifty day simple moving average is $161.83 and its two-hundred day simple moving average is $164.61. Commvault Systems, Inc. has a 12-month low of $105.76 and a 12-month high of $190.11. The stock has a market cap of $7.78 billion, a price-to-earnings ratio of 46.29 and a beta of 0.71.

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CVLT. William Blair upgraded shares of Commvault Systems from a "market perform" rating to an "outperform" rating in a report on Thursday, January 30th. Royal Bank of Canada increased their price objective on Commvault Systems from $175.00 to $185.00 and gave the stock a "sector perform" rating in a research note on Wednesday, April 30th. DA Davidson upped their price target on Commvault Systems from $185.00 to $200.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Cantor Fitzgerald lifted their price objective on shares of Commvault Systems from $159.00 to $173.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Finally, Guggenheim reissued a "neutral" rating on shares of Commvault Systems in a research report on Wednesday, April 23rd. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Commvault Systems currently has an average rating of "Moderate Buy" and a consensus price target of $175.25.

About Commvault Systems

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.