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

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

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Oak Ridge Investments LLC purchased a new position in Commvault Systems in the 4th quarter valued at approximately $2,561,000. Ellsworth Advisors LLC lifted its position in shares of Commvault Systems by 4.8% in the 4th quarter. Ellsworth Advisors LLC now owns 4,454 shares of the software maker's stock worth $672,000 after buying an additional 202 shares during the last quarter. Diversify Wealth Management LLC raised its holdings in Commvault Systems by 19.3% during the fourth quarter. Diversify Wealth Management LLC now owns 4,033 shares of the software maker's stock worth $621,000 after purchasing an additional 653 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its holdings in shares of Commvault Systems by 0.3% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 116,772 shares of the software maker's stock valued at $17,622,000 after buying an additional 300 shares in the last quarter. Finally, Simon Quick Advisors LLC boosted its position in Commvault Systems by 20.7% during the fourth quarter. Simon Quick Advisors LLC now owns 2,445 shares of the software maker's stock worth $369,000 after purchasing an additional 419 shares during the period. Institutional investors own 93.50% of the company's stock.

Insider Activity

In other Commvault Systems news, Director Nicola Adamo sold 1,500 shares of the company's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $169.74, for a total value of $254,610.00. Following the transaction, the director now owns 16,178 shares of the company's stock, valued at approximately $2,746,053.72. This represents a 8.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $2,290,655.28. Following the completion of the sale, the chief executive officer now owns 427,231 shares in the company, valued at $79,447,876.76. This represents a 2.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,105 shares of company stock valued at $3,159,737. 1.00% of the stock is currently owned by insiders.

Commvault Systems Trading Up 0.1%

CVLT traded up $0.11 on Monday, reaching $178.15. The company had a trading volume of 446,767 shares, compared to its average volume of 418,722. The company has a market capitalization of $7.86 billion, a P/E ratio of 46.76 and a beta of 0.71. Commvault Systems, Inc. has a one year low of $105.76 and a one year high of $190.11. The company has a fifty day moving average of $161.33 and a 200-day moving average of $164.39.

Commvault Systems (NASDAQ:CVLT - Get Free Report) last posted its earnings results on Tuesday, April 29th. The software maker reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.10. The business 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% compared to the same quarter last year. During the same period in the prior year, the business earned $0.79 EPS. Research analysts predict that Commvault Systems, Inc. will post 1.65 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CVLT shares. William Blair upgraded Commvault Systems from a "market perform" rating to an "outperform" rating in a research note on Thursday, January 30th. Royal Bank of Canada lifted their target price on Commvault Systems from $175.00 to $185.00 and gave the stock a "sector perform" rating in a report on Wednesday, April 30th. Guggenheim restated a "neutral" rating on shares of Commvault Systems in a report on Wednesday, April 23rd. Oppenheimer raised their price objective on Commvault Systems from $180.00 to $200.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Finally, KeyCorp decreased 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. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average 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.