Tealwood Asset Management Inc. Has $1.70 Million Stock Position in Commvault Systems, Inc. (NASDAQ:CVLT)

Tealwood Asset Management Inc. lessened its holdings in Commvault Systems, Inc. (NASDAQ:CVLT) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,244 shares of the software maker’s stock after selling 80 shares during the quarter. Tealwood Asset Management Inc.’s holdings in Commvault Systems were worth $1,697,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Commonwealth Equity Services LLC increased its stake 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 worth $328,000 after acquiring an additional 139 shares during the period. National Bank of Canada FI bought a new position in shares of Commvault Systems in the second quarter worth $30,000. Headlands Technologies LLC raised its stake in Commvault Systems by 1,678.8% in the second quarter. Headlands Technologies LLC now owns 925 shares of the software maker’s stock valued at $112,000 after purchasing an additional 873 shares in the last quarter. American Century Companies Inc. lifted its position in Commvault Systems by 3.1% during the second quarter. American Century Companies Inc. now owns 25,499 shares of the software maker’s stock worth $3,100,000 after purchasing an additional 772 shares during the period. Finally, Johnson Investment Counsel Inc. acquired a new stake in Commvault Systems during the second quarter worth about $231,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CVLT has been the topic of several analyst reports. Royal Bank of Canada lifted 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. Guggenheim lowered Commvault Systems from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 15th. Oppenheimer started coverage on Commvault Systems in a report on Wednesday, November 13th. They set an “outperform” rating and a $200.00 price target for the company. Finally, StockNews.com lowered Commvault Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 8th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Commvault Systems currently has an average rating of “Moderate Buy” and a consensus target price of $151.25.

Insider Transactions at Commvault Systems

In related news, Director Allison Pickens sold 1,232 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $172.50, for a total value of $212,520.00. Following the sale, the director now directly owns 5,899 shares of the company’s stock, valued at $1,017,577.50. This trade represents a 17.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Gary Merrill sold 1,523 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $164.89, for a total transaction of $251,127.47. Following the sale, the insider now owns 93,007 shares in the company, valued at approximately $15,335,924.23. This trade represents a 1.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,530 shares of company stock valued at $2,244,755 over the last three months. Company insiders own 1.00% of the company’s stock.

Commvault Systems Trading Up 1.4 %

Shares of CVLT opened at $156.11 on Tuesday. The stock has a 50 day moving average of $165.52 and a 200 day moving average of $151.02. The company has a market capitalization of $6.83 billion, a price-to-earnings ratio of 39.52 and a beta of 0.61. Commvault Systems, Inc. has a 12 month low of $77.31 and a 12 month high of $178.72.

Commvault Systems (NASDAQ:CVLT) last announced its quarterly earnings data 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. Commvault Systems had a return on equity of 31.62% and a net margin of 19.75%. The business had revenue of $233.28 million during the quarter, compared to analyst estimates of $220.76 million. During the same period in the prior year, the company earned $0.30 earnings per share. Commvault Systems’s revenue was up 16.1% compared to the same quarter last year. As a group, equities research analysts predict 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.