Simon Quick Advisors LLC Purchases 419 Shares of Commvault Systems, Inc. (NASDAQ:CVLT)

Simon Quick Advisors LLC grew its position in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 20.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,445 shares of the software maker’s stock after buying an additional 419 shares during the period. Simon Quick Advisors LLC’s holdings in Commvault Systems were worth $369,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in Commvault Systems by 25.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 586,795 shares of the software maker’s stock valued at $90,278,000 after purchasing an additional 120,779 shares during the last quarter. Summit Partners Public Asset Management LLC bought a new stake in shares of Commvault Systems in the third quarter valued at approximately $67,722,000. Vontobel Holding Ltd. purchased a new stake in shares of Commvault Systems during the 3rd quarter valued at approximately $1,126,000. Point72 Hong Kong Ltd boosted its holdings in Commvault Systems by 37.9% in the 3rd quarter. Point72 Hong Kong Ltd now owns 23,421 shares of the software maker’s stock worth $3,603,000 after buying an additional 6,433 shares during the period. Finally, Raymond James & Associates grew its stake in Commvault Systems by 58.1% in the 3rd quarter. Raymond James & Associates now owns 15,410 shares of the software maker’s stock valued at $2,371,000 after buying an additional 5,661 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Commvault Systems Stock Performance

CVLT stock opened at $160.94 on Friday. The company has a market capitalization of $7.04 billion, a PE ratio of 40.74 and a beta of 0.65. Commvault Systems, Inc. has a one year low of $79.39 and a one year high of $178.72. The company’s 50 day moving average price is $164.30 and its two-hundred day moving average price is $152.69.

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 analysts’ consensus estimates of $0.76 by $0.07. The company had revenue of $233.28 million for the quarter, compared to the consensus estimate of $220.76 million. Commvault Systems had a return on equity of 31.62% and a net margin of 19.75%. Commvault Systems’s revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.30 EPS. On average, research analysts predict that Commvault Systems, Inc. will post 1.65 EPS for the current year.

Analyst Ratings Changes

Several research firms have issued reports on CVLT. Oppenheimer initiated coverage on Commvault Systems in a research report on Wednesday, November 13th. They set an “outperform” rating and a $200.00 target price on the stock. StockNews.com cut Commvault Systems from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 16th. Cantor Fitzgerald assumed coverage on Commvault Systems in a report on Friday, January 17th. They set a “neutral” rating and a $159.00 target price for the company. KeyCorp started coverage on shares of Commvault Systems in a report on Thursday, January 16th. They issued an “overweight” rating and a $192.00 price target on the stock. Finally, Royal Bank of Canada boosted their price objective on shares of Commvault Systems from $164.00 to $182.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Five analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $154.56.

Insider Transactions at Commvault Systems

In related news, Director Allison Pickens sold 1,232 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $172.50, for a total value of $212,520.00. Following the completion of the transaction, the director now directly owns 5,899 shares of the company’s stock, valued at $1,017,577.50. This represents a 17.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Sanjay Mirchandani sold 10,775 shares of Commvault Systems stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $165.30, for a total value of $1,781,107.50. Following the sale, the chief executive officer now directly owns 459,969 shares in the company, valued at approximately $76,032,875.70. The trade was a 2.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,530 shares of company stock valued at $2,244,755. Company 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.