Commvault Systems, Inc. (NASDAQ:CVLT) Shares Purchased by Townsquare Capital LLC

Townsquare Capital LLC raised its holdings in Commvault Systems, Inc. (NASDAQ:CVLT) by 95.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,765 shares of the software maker’s stock after acquiring an additional 18,402 shares during the quarter. Townsquare Capital LLC owned 0.09% of Commvault Systems worth $5,810,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in CVLT. Bayesian Capital Management LP acquired a new stake in Commvault Systems during the first quarter valued at approximately $351,000. Comerica Bank raised its position in shares of Commvault Systems by 23.7% during the first quarter. Comerica Bank now owns 22,028 shares of the software maker’s stock worth $2,234,000 after purchasing an additional 4,224 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Commvault Systems by 140.5% during the second quarter. GAMMA Investing LLC now owns 529 shares of the software maker’s stock valued at $64,000 after purchasing an additional 309 shares during the last quarter. OLD National Bancorp IN acquired a new position in shares of Commvault Systems in the 2nd quarter valued at $275,000. Finally, SG Americas Securities LLC increased its stake in Commvault Systems by 504.6% in the 2nd quarter. SG Americas Securities LLC now owns 13,016 shares of the software maker’s stock worth $1,582,000 after purchasing an additional 10,863 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Commvault Systems Trading Down 3.4 %

CVLT opened at $171.63 on Friday. The stock has a fifty day moving average price of $158.09 and a 200 day moving average price of $139.65. Commvault Systems, Inc. has a 1 year low of $72.20 and a 1 year high of $178.72. The stock has a market cap of $7.51 billion, a price-to-earnings ratio of 43.45 and a beta of 0.59.

Commvault Systems (NASDAQ:CVLT) last announced its quarterly earnings results on Tuesday, October 29th. The software maker reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.07. Commvault Systems had a return on equity of 31.62% and a net margin of 19.75%. The business had revenue of $233.28 million during the quarter, compared to analyst estimates of $220.76 million. During the same period in the previous year, the company earned $0.30 EPS. The firm’s revenue was up 16.1% on a year-over-year basis. As a group, sell-side analysts forecast that Commvault Systems, Inc. will post 1.66 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on CVLT. DA Davidson upped their price objective on shares of Commvault Systems from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Royal Bank of Canada raised their price objective on shares of Commvault Systems from $164.00 to $182.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. StockNews.com downgraded shares of Commvault Systems from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 1st. Guggenheim cut Commvault Systems from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 15th. Finally, Oppenheimer initiated coverage on Commvault Systems in a report on Wednesday, November 13th. They set an “outperform” rating and a $200.00 price target on the stock. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $151.25.

Insider Buying and Selling at Commvault Systems

In related news, insider Gary Merrill sold 1,523 shares of Commvault Systems stock in a transaction on Monday, November 18th. The shares were sold at an average price of $164.89, for a total value of $251,127.47. Following the completion of the sale, the insider now owns 93,007 shares of the company’s stock, valued at approximately $15,335,924.23. The trade was a 1.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sanjay Mirchandani sold 10,775 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $165.30, for a total transaction of $1,781,107.50. Following the completion of the sale, the chief executive officer now owns 459,969 shares of the company’s stock, valued at $76,032,875.70. This represents a 2.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

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.