Commvault Systems, Inc. (NASDAQ:CVLT) Shares Acquired by Ellsworth Advisors LLC

Ellsworth Advisors LLC lifted its position in Commvault Systems, Inc. (NASDAQ:CVLT) by 4.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,454 shares of the software maker’s stock after acquiring an additional 202 shares during the period. Ellsworth Advisors LLC’s holdings in Commvault Systems were worth $672,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CVLT. Xponance Inc. boosted its stake in shares of Commvault Systems by 1.3% in the second quarter. Xponance Inc. now owns 6,371 shares of the software maker’s stock worth $775,000 after buying an additional 79 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Commvault Systems by 13.7% during the fourth quarter. GAMMA Investing LLC now owns 1,006 shares of the software maker’s stock worth $152,000 after buying an additional 121 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in Commvault Systems by 5.4% in the second quarter. Commonwealth Equity Services LLC now owns 2,701 shares of the software maker’s stock valued at $328,000 after buying an additional 139 shares in the last quarter. Lindenwold Advisors INC boosted its stake in shares of Commvault Systems by 2.4% during the 3rd quarter. Lindenwold Advisors INC now owns 7,028 shares of the software maker’s stock worth $1,081,000 after acquiring an additional 164 shares in the last quarter. Finally, Signaturefd LLC grew its position in shares of Commvault Systems by 43.9% during the 3rd quarter. Signaturefd LLC now owns 590 shares of the software maker’s stock valued at $91,000 after acquiring an additional 180 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

CVLT has been the subject of a number of recent analyst reports. StockNews.com cut Commvault Systems from a “strong-buy” rating to a “buy” rating in a research report on Thursday. KeyCorp initiated coverage on Commvault Systems in a research note on Thursday. They issued an “overweight” rating and a $192.00 price target on the stock. Cantor Fitzgerald assumed coverage on Commvault Systems in a research note on Friday. They issued a “neutral” rating and a $159.00 price objective for the company. Guggenheim lowered shares of Commvault Systems from a “buy” rating to a “neutral” rating in a report on Tuesday, October 15th. Finally, Royal Bank of Canada raised their price target 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. Five analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $154.56.

Insider Buying and Selling at Commvault Systems

In other news, 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 sale, the chief executive officer now owns 459,969 shares of the company’s stock, valued at approximately $76,032,875.70. This represents a 2.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Allison Pickens sold 1,232 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $172.50, for a total value of $212,520.00. Following the sale, the director now owns 5,899 shares in the company, valued at approximately $1,017,577.50. This trade represents a 17.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,530 shares of company stock worth $2,244,755 over the last three months. Insiders own 1.00% of the company’s stock.

Commvault Systems Price Performance

Shares of NASDAQ CVLT opened at $161.28 on Monday. Commvault Systems, Inc. has a 1 year low of $77.56 and a 1 year high of $178.72. The company has a market capitalization of $7.05 billion, a P/E ratio of 40.83 and a beta of 0.65. The company has a 50 day simple moving average of $164.92 and a 200-day simple moving average of $152.08.

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

About Commvault Systems

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.