CommVault Systems, Inc. (NASDAQ:CVLT) Holdings Raised by Deutsche Bank AG

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 increased its holdings in shares of CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) by 40.3% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 111,348 shares of the software maker's stock after purchasing an additional 31,968 shares during the quarter. Deutsche Bank AG owned 0.25% of CommVault Systems worth $17,566,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CVLT. Northern Trust Corp boosted its stake in shares of CommVault Systems by 9.8% during the 4th quarter. Northern Trust Corp now owns 651,973 shares of the software maker's stock valued at $98,389,000 after buying an additional 58,239 shares during the last quarter. Congress Asset Management Co. boosted its stake in CommVault Systems by 7.7% during the 1st quarter. Congress Asset Management Co. now owns 560,442 shares of the software maker's stock valued at $88,415,000 after acquiring an additional 40,064 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in CommVault Systems by 14.6% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 517,273 shares of the software maker's stock valued at $78,062,000 after acquiring an additional 65,822 shares during the last quarter. Driehaus Capital Management LLC lifted its position in shares of CommVault Systems by 20.8% during the fourth quarter. Driehaus Capital Management LLC now owns 512,251 shares of the software maker's stock worth $77,304,000 after purchasing an additional 88,232 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of CommVault Systems by 21.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 492,045 shares of the software maker's stock worth $74,255,000 after purchasing an additional 86,736 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company's stock.

CommVault Systems Trading Down 1.8%

CommVault Systems stock traded down $3.33 during mid-day trading on Friday, reaching $180.02. The company's stock had a trading volume of 326,962 shares, compared to its average volume of 576,104. The firm has a market cap of $8.00 billion, a price-to-earnings ratio of 100.01 and a beta of 0.70. The business has a 50 day moving average price of $177.81 and a 200-day moving average price of $170.66. CommVault Systems, Inc. has a twelve month low of $128.07 and a twelve month high of $200.68.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last posted its earnings results on Tuesday, July 29th. The software maker reported $1.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.04. The company had revenue of $281.98 million for the quarter, compared to analysts' expectations of $267.83 million. CommVault Systems had a return on equity of 30.83% and a net margin of 7.70%. CommVault Systems's revenue was up 26% compared to the same quarter last year. On average, equities analysts expect that CommVault Systems, Inc. will post 1.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CVLT. Wells Fargo & Company boosted their price objective on CommVault Systems from $190.00 to $220.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Royal Bank Of Canada lifted their target price on CommVault Systems from $185.00 to $217.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 30th. Oppenheimer raised 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. KeyCorp lifted their price objective on shares of CommVault Systems from $195.00 to $225.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Finally, DA Davidson lifted their price objective on shares of CommVault Systems from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $205.63.

Insiders Place Their Bets

In other CommVault Systems news, CEO Sanjay Mirchandani sold 1,709 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was 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 in the company, valued at approximately $82,188,400. This trade represents a 0.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Gary Merrill sold 1,748 shares of the firm's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $174.91, for a total value of $305,742.68. Following the completion of the sale, the insider owned 89,923 shares in the company, valued at $15,728,431.93. The trade was a 1.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.