ProShare Advisors LLC Increases Position in Commvault Systems, Inc. (NASDAQ:CVLT)

ProShare Advisors LLC grew its position in shares of Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 31.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,278 shares of the software maker's stock after acquiring an additional 3,940 shares during the quarter. ProShare Advisors LLC's holdings in Commvault Systems were worth $2,457,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CVLT. Diversify Wealth Management LLC increased 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 buying an additional 653 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Commvault Systems by 0.3% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 116,772 shares of the software maker's stock valued at $17,622,000 after purchasing an additional 300 shares during the period. Simon Quick Advisors LLC grew its holdings 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. Nisa Investment Advisors LLC increased its position in Commvault Systems by 3.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,960 shares of the software maker's stock worth $296,000 after buying an additional 66 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in Commvault Systems by 38,400.0% in the fourth quarter. Blue Trust Inc. now owns 770 shares of the software maker's stock valued at $118,000 after buying an additional 768 shares during the period. 93.50% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Nicola Adamo sold 1,500 shares of Commvault Systems 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 in the company, valued at $2,746,053.72. The trade was a 8.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. DA Davidson increased their price target on Commvault Systems from $185.00 to $200.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. KeyCorp decreased their price target on shares of Commvault Systems from $195.00 to $185.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Wells Fargo & Company raised their price objective on shares of Commvault Systems from $180.00 to $190.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Oppenheimer boosted their price objective on Commvault Systems from $180.00 to $200.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Finally, Guggenheim reiterated a "neutral" rating on shares of Commvault Systems in a research note on Wednesday, April 23rd. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $175.25.

Commvault Systems Trading Down 0.6%

NASDAQ CVLT traded down $0.97 during trading on Monday, hitting $174.43. 265,548 shares of the company's stock were exchanged, compared to its average volume of 421,345. The company has a market cap of $7.70 billion, a PE ratio of 45.78 and a beta of 0.71. The stock's 50 day moving average price is $163.32 and its two-hundred day moving average price is $164.91. Commvault Systems, Inc. has a fifty-two week low of $105.76 and a fifty-two week high of $190.11.

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

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.