Dimensional Fund Advisors LP Sells 104,932 Shares of Commvault Systems, Inc. (NASDAQ:CVLT)

Dimensional Fund Advisors LP lessened its stake in shares of Commvault Systems, Inc. (NASDAQ:CVLTFree Report) by 16.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 545,416 shares of the software maker’s stock after selling 104,932 shares during the period. Dimensional Fund Advisors LP owned 1.25% of Commvault Systems worth $43,552,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Invesco Ltd. increased its stake in Commvault Systems by 50.9% in the third quarter. Invesco Ltd. now owns 629,282 shares of the software maker’s stock valued at $42,546,000 after acquiring an additional 212,325 shares during the last quarter. Vanguard Group Inc. grew its position in Commvault Systems by 2.7% in the third quarter. Vanguard Group Inc. now owns 5,426,814 shares of the software maker’s stock valued at $366,907,000 after acquiring an additional 144,625 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Commvault Systems by 211.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 84,040 shares of the software maker’s stock valued at $5,682,000 after purchasing an additional 57,084 shares in the last quarter. Quantedge Capital Pte Ltd grew its holdings in shares of Commvault Systems by 791.7% during the 3rd quarter. Quantedge Capital Pte Ltd now owns 53,500 shares of the software maker’s stock valued at $3,617,000 after purchasing an additional 47,500 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in Commvault Systems by 14.9% during the 3rd quarter. AQR Capital Management LLC now owns 345,628 shares of the software maker’s stock worth $23,368,000 after purchasing an additional 44,816 shares in the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Commvault Systems news, CFO Gary Merrill sold 822 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $97.25, for a total transaction of $79,939.50. Following the sale, the chief financial officer now owns 87,945 shares of the company’s stock, valued at $8,552,651.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Commvault Systems news, Director Vivie Lee sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $112.19, for a total value of $280,475.00. Following the transaction, the director now directly owns 13,589 shares of the company’s stock, valued at $1,524,549.91. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Gary Merrill sold 822 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $97.25, for a total value of $79,939.50. Following the transaction, the chief financial officer now owns 87,945 shares in the company, valued at $8,552,651.25. The disclosure for this sale can be found here. Insiders sold 82,132 shares of company stock valued at $8,796,356 over the last quarter. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. KeyCorp raised their target price on shares of Commvault Systems from $109.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Wells Fargo & Company upped their target price on Commvault Systems from $125.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, May 16th. Lake Street Capital lifted their price target on Commvault Systems from $86.00 to $98.00 and gave the company a “hold” rating in a research note on Wednesday, May 1st. DA Davidson upped their price objective on Commvault Systems from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Finally, Royal Bank of Canada lifted their target price on shares of Commvault Systems from $97.00 to $112.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 1st. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $119.40.

View Our Latest Report on CVLT

Commvault Systems Trading Down 2.1 %

Shares of CVLT stock opened at $108.79 on Friday. The stock has a 50-day moving average of $103.21 and a 200-day moving average of $90.73. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of 28.93 and a beta of 0.64. Commvault Systems, Inc. has a 1-year low of $63.70 and a 1-year high of $113.37.

Commvault Systems (NASDAQ:CVLTGet Free Report) last released its earnings results on Tuesday, April 30th. The software maker reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.10. The business had revenue of $223.29 million during the quarter, compared to the consensus estimate of $213.00 million. Commvault Systems had a net margin of 20.13% and a return on equity of 31.27%. Sell-side analysts forecast that Commvault Systems, Inc. will post 1.7 earnings per share for the current year.

Commvault Systems Company Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding CVLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Commvault Systems, Inc. (NASDAQ:CVLTFree Report).

Institutional Ownership by Quarter for Commvault Systems (NASDAQ:CVLT)

Receive News & Ratings for Commvault Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commvault Systems and related companies with MarketBeat.com's FREE daily email newsletter.