UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $20.48 Million Stock Position in Commvault Systems, Inc. (NASDAQ:CVLT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 20.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 135,710 shares of the software maker's stock after purchasing an additional 23,176 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.31% of Commvault Systems worth $20,480,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Quarry LP increased its position in shares of Commvault Systems by 888.2% during the 4th quarter. Quarry LP now owns 168 shares of the software maker's stock worth $25,000 after purchasing an additional 151 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its position in shares of Commvault Systems by 409.0% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 341 shares of the software maker's stock worth $51,000 after purchasing an additional 274 shares in the last quarter. TFC Financial Management Inc. increased its position in shares of Commvault Systems by 294.1% during the 4th quarter. TFC Financial Management Inc. now owns 402 shares of the software maker's stock worth $61,000 after purchasing an additional 300 shares in the last quarter. GeoWealth Management LLC bought a new stake in Commvault Systems during the 4th quarter worth about $101,000. Finally, Blue Trust Inc. grew its holdings in Commvault Systems by 37,400.0% during the 4th quarter. Blue Trust Inc. now owns 750 shares of the software maker's stock worth $113,000 after acquiring an additional 748 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company's stock.

Commvault Systems Price Performance

Shares of NASDAQ CVLT traded up $5.49 during mid-day trading on Friday, hitting $182.86. The company's stock had a trading volume of 950,030 shares, compared to its average volume of 425,026. The stock has a market cap of $8.07 billion, a price-to-earnings ratio of 47.99 and a beta of 0.71. Commvault Systems, Inc. has a one year low of $107.12 and a one year high of $190.11. The company's fifty day simple moving average is $164.48 and its 200-day simple moving average is $165.11.

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CVLT shares. Wall Street Zen raised shares of Commvault Systems from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. DA Davidson increased their price objective on shares of Commvault Systems from $185.00 to $200.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Wells Fargo & Company increased their price objective on shares of Commvault Systems from $180.00 to $190.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Piper Sandler decreased their price objective on shares of Commvault Systems from $154.00 to $147.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Finally, Royal Bank of Canada increased their price objective on shares of Commvault Systems from $175.00 to $185.00 and gave the stock a "sector perform" rating in a report on Wednesday, April 30th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $175.25.

Insider Activity

In related news, insider Gary Merrill sold 1,748 shares of Commvault Systems 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 transaction, the insider now owns 89,923 shares of the company's stock, valued at $15,728,431.93. This trade represents a 1.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Nicola Adamo sold 1,500 shares of Commvault Systems stock in a transaction that occurred 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 transaction, 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 4,957 shares of company stock valued at $859,428. 1.00% of the stock is currently owned by insiders.

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.