Nebula Research & Development LLC Raises Stock Holdings in Commvault Systems, Inc. (NASDAQ:CVLT)

Nebula Research & Development LLC boosted its position in shares of Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 226.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,230 shares of the software maker's stock after buying an additional 9,875 shares during the period. Nebula Research & Development LLC's holdings in Commvault Systems were worth $2,147,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CVLT. TFC Financial Management Inc. increased 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 last quarter. GeoWealth Management LLC bought a new position in shares of Commvault Systems in the 4th quarter valued at $101,000. Blue Trust Inc. increased its stake 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 purchasing an additional 748 shares during the last quarter. Meeder Asset Management Inc. bought a new position in shares of Commvault Systems in the 4th quarter valued at $127,000. Finally, GAMMA Investing LLC increased its stake in shares of Commvault Systems by 13.7% in the 4th quarter. GAMMA Investing LLC now owns 1,006 shares of the software maker's stock valued at $152,000 after purchasing an additional 121 shares during the last quarter. 93.50% of the stock is owned by institutional investors.

Insider Activity at Commvault Systems

In other news, CEO Sanjay Mirchandani sold 12,318 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $185.96, for a total transaction of $2,290,655.28. Following the completion of the transaction, the chief executive officer now owns 427,231 shares of the company's stock, valued at approximately $79,447,876.76. The trade was a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gary Merrill sold 3,287 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $186.94, for a total value of $614,471.78. Following the transaction, the insider now directly owns 87,316 shares of the company's stock, valued at $16,322,853.04. The trade was a 3.63 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Commvault Systems Price Performance

Shares of NASDAQ CVLT traded down $1.63 during mid-day trading on Wednesday, reaching $167.10. 236,111 shares of the company's stock were exchanged, compared to its average volume of 413,577. The firm has a market capitalization of $7.35 billion, a price-to-earnings ratio of 43.86 and a beta of 0.68. Commvault Systems, Inc. has a 52 week low of $100.40 and a 52 week high of $190.11. The firm has a 50-day moving average price of $158.56 and a two-hundred day moving average price of $161.72.

Commvault Systems (NASDAQ:CVLT - Get Free Report) last released its earnings results 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 analysts' expectations of $262.52 million. During the same period in the previous year, the business posted $0.79 EPS. The business's revenue for the quarter was up 23.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Commvault Systems, Inc. will post 1.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CVLT has been the topic of a number of research reports. KeyCorp reduced their price objective on Commvault Systems from $195.00 to $185.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Guggenheim reissued a "neutral" rating on shares of Commvault Systems in a research note on Wednesday, April 23rd. DA Davidson boosted their price objective on Commvault Systems from $185.00 to $200.00 and gave the company a "buy" rating in a research note on Tuesday. StockNews.com raised Commvault Systems from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. Finally, Piper Sandler dropped their price target on Commvault Systems from $154.00 to $147.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Five equities 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, Commvault Systems has a consensus rating of "Moderate Buy" and an average target price of $166.67.

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.