Ellsworth Advisors LLC Acquires 181 Shares of Commvault Systems, Inc. (NASDAQ:CVLT)

Ellsworth Advisors LLC raised its holdings in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 4.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,252 shares of the software maker’s stock after purchasing an additional 181 shares during the period. Ellsworth Advisors LLC’s holdings in Commvault Systems were worth $654,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Xponance Inc. lifted its stake in shares of Commvault Systems by 1.3% in the 2nd quarter. Xponance Inc. now owns 6,371 shares of the software maker’s stock valued at $775,000 after purchasing an additional 79 shares during the period. EFG Asset Management North America Corp. boosted its holdings in shares of Commvault Systems by 0.5% during the 2nd quarter. EFG Asset Management North America Corp. now owns 21,699 shares of the software maker’s stock valued at $2,637,000 after buying an additional 103 shares in the last quarter. Natixis Advisors LLC grew its position in shares of Commvault Systems by 1.0% in the 2nd quarter. Natixis Advisors LLC now owns 13,693 shares of the software maker’s stock worth $1,665,000 after buying an additional 138 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of Commvault Systems by 5.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 2,701 shares of the software maker’s stock worth $328,000 after acquiring an additional 139 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in Commvault Systems by 5.9% during the 2nd quarter. Parallel Advisors LLC now owns 2,749 shares of the software maker’s stock valued at $334,000 after acquiring an additional 153 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Insider Buying and Selling at Commvault Systems

In other news, insider Gary Merrill sold 17,388 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $150.76, for a total value of $2,621,414.88. Following the transaction, the insider now directly owns 94,530 shares in the company, valued at $14,251,342.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, Director Allison Pickens sold 1,232 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $153.89, for a total value of $189,592.48. Following the transaction, the director now owns 7,131 shares in the company, valued at $1,097,389.59. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Gary Merrill sold 17,388 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $150.76, for a total transaction of $2,621,414.88. Following the completion of the transaction, the insider now directly owns 94,530 shares in the company, valued at approximately $14,251,342.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Commvault Systems Stock Performance

NASDAQ CVLT opened at $140.87 on Friday. Commvault Systems, Inc. has a one year low of $63.70 and a one year high of $165.73. The stock has a 50-day moving average of $150.86 and a 200 day moving average of $127.28. The company has a market capitalization of $6.17 billion, a price-to-earnings ratio of 37.47 and a beta of 0.60.

Commvault Systems (NASDAQ:CVLT) last announced its quarterly earnings results on Tuesday, July 30th. The software maker reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.12. The firm had revenue of $224.67 million during the quarter, compared to analyst estimates of $215.54 million. Commvault Systems had a net margin of 20.19% and a return on equity of 32.16%. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.29 earnings per share. On average, equities analysts predict that Commvault Systems, Inc. will post 1.66 earnings per share for the current fiscal year.

Analyst Ratings Changes

CVLT has been the topic of a number of recent research reports. Guggenheim cut shares of Commvault Systems from a “buy” rating to a “neutral” rating in a report on Tuesday. Royal Bank of Canada lifted their price objective on Commvault Systems from $121.00 to $152.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 31st. Piper Sandler increased their target price on Commvault Systems from $107.00 to $123.00 and gave the stock a “neutral” rating in a research note on Monday, July 15th. StockNews.com lowered Commvault Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 31st. Finally, DA Davidson increased their price objective on shares of Commvault Systems from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $140.00.

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.