Deutsche Bank AG Boosts Holdings in CommVault Systems, Inc. $CVLT

Key Points

• Deutsche Bank AG increased its holdings in CommVault Systems by 40.3%, now owning approximately 0.25% of the company valued at $17.57 million.
• Multiple hedge funds have made significant increases in their positions in CommVault Systems, with some boosting their stakes by over 800% during recent quarters.
• CommVault's latest earnings report revealed an earnings per share (EPS) of $1.01, surpassing estimates, and demonstrating a 26% year-over-year revenue growth to $281.98 million.

Deutsche Bank AG boosted its holdings in shares of CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) by 40.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,348 shares of the software maker's stock after acquiring an additional 31,968 shares during the period. Deutsche Bank AG owned 0.25% of CommVault Systems worth $17,566,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares 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. SBI Securities Co. Ltd. boosted its holdings in CommVault Systems by 101.3% in the 1st quarter. SBI Securities Co. Ltd. now owns 159 shares of the software maker's stock valued at $25,000 after purchasing an additional 80 shares during the last quarter. Whipplewood Advisors LLC boosted its holdings in CommVault Systems by 584.0% in the 1st quarter. Whipplewood Advisors LLC now owns 171 shares of the software maker's stock valued at $27,000 after purchasing an additional 146 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new position in CommVault Systems in the 1st quarter valued at about $27,000. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in CommVault Systems by 208.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 185 shares of the software maker's stock valued at $29,000 after purchasing an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company's stock.

CommVault Systems Trading Down 1.2%

CVLT traded down $2.14 during trading hours on Monday, hitting $177.89. 139,912 shares of the company's stock were exchanged, compared to its average volume of 494,260. CommVault Systems, Inc. has a 12-month low of $128.07 and a 12-month high of $200.68. The firm has a 50 day moving average of $177.81 and a 200 day moving average of $170.92. The firm has a market cap of $7.91 billion, a P/E ratio of 98.79 and a beta of 0.70.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The software maker reported $1.01 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.04. CommVault Systems had a net margin of 7.70% and a return on equity of 30.83%. The company had revenue of $281.98 million for the quarter, compared to the consensus estimate of $267.83 million. CommVault Systems's quarterly revenue was up 26% on a year-over-year basis. As a group, research analysts expect that CommVault Systems, Inc. will post 1.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CVLT has been the topic of several recent analyst reports. Wall Street Zen lowered shares of CommVault Systems from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Oppenheimer upped their price objective on shares of CommVault Systems from $180.00 to $200.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Wells Fargo & Company upped their price objective on shares of CommVault Systems from $190.00 to $220.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Piper Sandler upped their price objective on shares of CommVault Systems from $168.00 to $170.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Finally, Guggenheim set a $220.00 price objective on shares of CommVault Systems in a report on Tuesday, July 29th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, CommVault Systems currently has an average rating of "Moderate Buy" and a consensus target price of $205.63.

Insider Buying and Selling

In other CommVault Systems news, CEO Sanjay Mirchandani sold 1,709 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total value of $299,075.00. Following the sale, the chief executive officer directly owned 469,648 shares of the company's stock, valued at approximately $82,188,400. This represents a 0.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Gary Merrill sold 1,748 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $174.91, for a total transaction of $305,742.68. Following the completion of the sale, the insider directly owned 89,923 shares in the company, valued at approximately $15,728,431.93. This represents a 1.91% 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 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.