Vident Advisory LLC Raises Stake in Commvault Systems, Inc. (NASDAQ:CVLT)

Vident Advisory LLC raised its holdings in shares of Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 14.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,016 shares of the software maker's stock after purchasing an additional 3,446 shares during the period. Vident Advisory LLC owned 0.06% of Commvault Systems worth $4,077,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Virtu Financial LLC increased its holdings in shares of Commvault Systems by 63.9% in the fourth quarter. Virtu Financial LLC now owns 8,243 shares of the software maker's stock worth $1,244,000 after acquiring an additional 3,214 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Commvault Systems by 0.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 632,870 shares of the software maker's stock valued at $95,506,000 after buying an additional 4,957 shares in the last quarter. Banco Santander S.A. acquired a new position in shares of Commvault Systems in the fourth quarter valued at approximately $833,000. New Age Alpha Advisors LLC bought a new stake in shares of Commvault Systems during the fourth quarter worth $1,387,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Commvault Systems during the fourth quarter worth $367,000. Institutional investors and hedge funds own 93.50% of the company's stock.

Commvault Systems Stock Down 0.6%

CVLT traded down $0.97 on Monday, hitting $174.43. The company's stock had a trading volume of 265,548 shares, compared to its average volume of 421,345. Commvault Systems, Inc. has a 12 month low of $105.76 and a 12 month high of $190.11. The company's 50 day simple moving average is $163.32 and its 200-day simple moving average is $164.91. The firm has a market cap of $7.70 billion, a P/E ratio of 45.78 and a beta of 0.71.

Commvault Systems (NASDAQ:CVLT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The software maker reported $1.03 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $275.04 million during the quarter, compared to the consensus estimate of $262.52 million. During the same quarter last year, the company posted $0.79 EPS. The company's revenue for the quarter was up 23.2% on a year-over-year basis. Equities analysts predict that Commvault Systems, Inc. will post 1.65 earnings per share for the current fiscal year.

Insider Buying and Selling at Commvault Systems

In other news, Director Nicola Adamo sold 1,500 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $169.74, for a total transaction of $254,610.00. Following the completion of the transaction, the director now directly owns 16,178 shares of the company's stock, valued at $2,746,053.72. The trade was a 8.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CVLT. Wall Street Zen raised Commvault Systems from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Oppenheimer increased their price objective on Commvault Systems from $180.00 to $200.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Royal Bank of Canada boosted their target price 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. KeyCorp dropped 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 report on Thursday, April 17th. Finally, Wells Fargo & Company lifted their price objective on shares of Commvault Systems from $180.00 to $190.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Commvault Systems presently has an average rating of "Moderate Buy" and a consensus target price of $175.25.

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.