Gotham Asset Management LLC Makes New Investment in Commvault Systems, Inc. (NASDAQ:CVLT)

Gotham Asset Management LLC purchased a new stake in Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,194 shares of the software maker's stock, valued at approximately $331,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CVLT. Quarry LP raised its stake in shares of 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 period. TFC Financial Management Inc. raised its stake in shares of 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 purchasing an additional 300 shares during the period. GeoWealth Management LLC acquired a new stake in shares of Commvault Systems in the 4th quarter valued at about $101,000. Blue Trust Inc. grew its holdings in shares of Commvault Systems by 37,400.0% in the 4th quarter. Blue Trust Inc. now owns 750 shares of the software maker's stock valued at $113,000 after acquiring an additional 748 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new position in shares of Commvault Systems in the 4th quarter valued at about $127,000. Institutional investors and hedge funds own 93.50% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CVLT shares. Guggenheim restated a "neutral" rating on shares of Commvault Systems in a report on Wednesday, April 23rd. Piper Sandler decreased their price objective on Commvault Systems from $154.00 to $147.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Royal Bank of Canada raised their price objective on Commvault Systems from $175.00 to $185.00 and gave the company a "sector perform" rating in a report on Wednesday, April 30th. William Blair upgraded Commvault Systems from a "market perform" rating to an "outperform" rating in a report on Thursday, January 30th. Finally, Wells Fargo & Company raised their price objective on Commvault Systems from $180.00 to $190.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $175.25.

Commvault Systems Stock Performance

NASDAQ:CVLT traded down $0.97 during mid-day trading on Friday, hitting $174.43. The stock had a trading volume of 265,548 shares, compared to its average volume of 420,398. Commvault Systems, Inc. has a twelve month low of $105.76 and a twelve month high of $190.11. The stock has a market cap of $7.70 billion, a price-to-earnings ratio of 45.78 and a beta of 0.71. The company's 50 day simple moving average is $163.05 and its 200 day simple moving average is $164.90.

Commvault Systems (NASDAQ:CVLT - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The software maker reported $1.03 earnings per share (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 the consensus estimate of $262.52 million. Commvault Systems had a net margin of 18.14% and a return on equity of 28.69%. The business's revenue for the quarter was up 23.2% compared to the same quarter last year. During the same period last year, the business posted $0.79 earnings per share. As a group, equities analysts forecast that Commvault Systems, Inc. will post 1.65 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Nicola Adamo sold 1,500 shares of Commvault Systems stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $169.74, for a total value of $254,610.00. Following the completion of the sale, the director now directly owns 16,178 shares in the company, valued at approximately $2,746,053.72. The trade was 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 link. Company insiders own 1.00% of the company's stock.

Commvault Systems 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.