2,134 Shares in Commvault Systems, Inc. (NASDAQ:CVLT) Bought by AlphaMark Advisors LLC

AlphaMark Advisors LLC purchased a new stake in shares of Commvault Systems, Inc. (NASDAQ:CVLT) during the third quarter, HoldingsChannel reports. The fund purchased 2,134 shares of the software maker’s stock, valued at approximately $328,000.

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

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of research firms have weighed in on CVLT. DA Davidson boosted 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. StockNews.com lowered shares of Commvault Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 31st. Guggenheim lowered Commvault Systems from a “buy” rating to a “neutral” rating in a research report on Tuesday. KeyCorp increased their price target on Commvault Systems from $140.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Finally, Royal Bank of Canada boosted their price objective on Commvault Systems from $121.00 to $152.00 and gave the company a “sector perform” rating in a report on Wednesday, July 31st. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Commvault Systems has an average rating of “Moderate Buy” and a consensus target price of $140.00.

Commvault Systems Stock Performance

Shares of NASDAQ CVLT opened at $140.87 on Friday. Commvault Systems, Inc. has a 52-week low of $63.70 and a 52-week high of $165.73. The firm has a market capitalization of $6.17 billion, a price-to-earnings ratio of 37.47 and a beta of 0.60. The stock has a 50 day moving average price of $150.86 and a 200 day moving average price of $127.28.

Commvault Systems (NASDAQ:CVLT) last issued its earnings results on Tuesday, July 30th. The software maker reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.12. The business had revenue of $224.67 million during the quarter, compared to analysts’ expectations of $215.54 million. Commvault Systems had a return on equity of 32.16% and a net margin of 20.19%. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.29 EPS. Analysts forecast that Commvault Systems, Inc. will post 1.66 earnings per share 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.