Versor Investments LP Has $882,000 Position in Commvault Systems, Inc. (NASDAQ:CVLT)

Versor Investments LP increased its holdings in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 168.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,730 shares of the software maker’s stock after buying an additional 3,594 shares during the period. Versor Investments LP’s holdings in Commvault Systems were worth $882,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CVLT. Xponance Inc. increased its position in shares of Commvault Systems by 1.3% during 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 period. EFG Asset Management North America Corp. grew its holdings in Commvault Systems by 0.5% during 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 acquiring an additional 103 shares during the period. Natixis Advisors LLC lifted its stake in shares of Commvault Systems by 1.0% in 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 period. Commonwealth Equity Services LLC lifted its stake in shares of Commvault Systems by 5.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 2,701 shares of the software maker’s stock valued at $328,000 after purchasing an additional 139 shares during the period. Finally, Parallel Advisors LLC boosted its position in shares of Commvault Systems by 5.9% during the 2nd quarter. Parallel Advisors LLC now owns 2,749 shares of the software maker’s stock valued at $334,000 after purchasing an additional 153 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Commvault Systems Stock Performance

Shares of CVLT stock opened at $169.68 on Wednesday. The company has a market capitalization of $7.42 billion, a PE ratio of 42.96 and a beta of 0.59. Commvault Systems, Inc. has a 52-week low of $68.02 and a 52-week high of $175.00. The business’s fifty day moving average is $151.68 and its 200 day moving average is $134.09.

Commvault Systems (NASDAQ:CVLT) last released its quarterly earnings results on Tuesday, October 29th. The software maker reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.07. The firm had revenue of $233.28 million for the quarter, compared to analysts’ expectations of $220.76 million. Commvault Systems had a return on equity of 31.62% and a net margin of 19.75%. The company’s revenue was up 16.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.30 EPS. On average, sell-side analysts forecast that Commvault Systems, Inc. will post 1.65 EPS for the current fiscal year.

Analysts Set New Price Targets

CVLT has been the subject of several research analyst reports. KeyCorp lifted their price target on shares of Commvault Systems from $140.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Royal Bank of Canada upped their target price on shares of Commvault Systems from $164.00 to $182.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. DA Davidson upped their price objective on shares of Commvault Systems from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Guggenheim lowered shares of Commvault Systems from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 15th. Finally, StockNews.com lowered Commvault Systems from a “strong-buy” rating to a “buy” rating in a report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Commvault Systems currently has a consensus rating of “Moderate Buy” and an average target price of $144.29.

Insiders Place Their Bets

In other news, Director Allison Pickens sold 1,232 shares of Commvault Systems stock in a transaction on Friday, August 30th. The shares were 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 directly owns 7,131 shares of the company’s stock, valued at approximately $1,097,389.59. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Allison Pickens sold 1,232 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $153.89, for a total value of $189,592.48. Following the completion of the sale, the director now directly owns 7,131 shares in the company, valued at approximately $1,097,389.59. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Gary Merrill sold 17,388 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $150.76, for a total transaction of $2,621,414.88. Following the completion of the sale, the insider now directly owns 94,530 shares of the company’s stock, valued at $14,251,342.80. This represents a 0.00 % 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.

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.