Commvault Systems, Inc. (NASDAQ:CVLT) Shares Acquired by Bosun Asset Management LLC

Bosun Asset Management LLC increased its holdings in Commvault Systems, Inc. (NASDAQ:CVLT) by 39.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,583 shares of the software maker’s stock after acquiring an additional 2,160 shares during the quarter. Bosun Asset Management LLC’s holdings in Commvault Systems were worth $1,144,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CVLT. Vanguard Group Inc. raised its holdings in shares of Commvault Systems by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 5,636,559 shares of the software maker’s stock valued at $850,613,000 after buying an additional 54,562 shares during the last quarter. Renaissance Technologies LLC raised its stake in Commvault Systems by 1.3% during the 4th quarter. Renaissance Technologies LLC now owns 1,909,185 shares of the software maker’s stock valued at $288,115,000 after acquiring an additional 24,900 shares during the last quarter. Invesco Ltd. lifted its position in Commvault Systems by 57.7% during the 4th quarter. Invesco Ltd. now owns 1,660,108 shares of the software maker’s stock worth $250,527,000 after acquiring an additional 607,643 shares during the period. Geode Capital Management LLC grew its stake in shares of Commvault Systems by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 1,288,068 shares of the software maker’s stock valued at $194,681,000 after purchasing an additional 43,088 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Commvault Systems by 9.8% in the fourth quarter. Northern Trust Corp now owns 651,973 shares of the software maker’s stock valued at $98,389,000 after purchasing an additional 58,239 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

CVLT has been the subject of several recent research reports. William Blair raised Commvault Systems from a “market perform” rating to an “outperform” rating in a report on Thursday, January 30th. Piper Sandler lowered their target price on shares of Commvault Systems from $154.00 to $147.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Guggenheim reissued a “neutral” rating on shares of Commvault Systems in a report on Wednesday, April 23rd. Royal Bank of Canada lifted their price objective on Commvault Systems from $175.00 to $185.00 and gave the company a “sector perform” rating in a report on Wednesday, April 30th. Finally, DA Davidson increased their target price on Commvault Systems from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, April 29th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $175.25.

Commvault Systems Price Performance

Shares of NASDAQ:CVLT opened at $174.00 on Tuesday. The firm has a market capitalization of $7.66 billion, a price-to-earnings ratio of 45.67 and a beta of 0.71. The business’s 50 day simple moving average is $158.52 and its 200-day simple moving average is $162.42. Commvault Systems, Inc. has a 12 month low of $105.76 and a 12 month high of $190.11.

Commvault Systems (NASDAQ:CVLT) last posted 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 the consensus estimate of $262.52 million. During the same period in the previous year, the business earned $0.79 earnings per share. Commvault Systems’s quarterly revenue was up 23.2% compared to the same quarter last year. On average, equities analysts anticipate that Commvault Systems, Inc. will post 1.65 earnings per share for the current year.

Insider Activity at Commvault Systems

In other news, CEO Sanjay Mirchandani sold 12,318 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $185.96, for a total value of $2,290,655.28. Following the completion of the transaction, the chief executive officer now directly owns 427,231 shares of the company’s stock, valued at $79,447,876.76. The trade was a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Gary Merrill sold 3,287 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $186.94, for a total value of $614,471.78. Following the sale, the insider now directly owns 87,316 shares in the company, valued at approximately $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 owned by corporate insiders.

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.