Gotham Asset Management LLC Takes Position in Commvault Systems, Inc. (NASDAQ:CVLT)

Gotham Asset Management LLC purchased a new stake in Commvault Systems, Inc. (NASDAQ:CVLT) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 2,194 shares of the software maker’s stock, valued at approximately $331,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Quarry LP grew its stake in Commvault Systems by 888.2% during the 4th quarter. Quarry LP now owns 168 shares of the software maker’s stock worth $25,000 after buying an additional 151 shares during the last quarter. TFC Financial Management Inc. grew its stake in Commvault Systems by 294.1% during the 4th quarter. TFC Financial Management Inc. now owns 402 shares of the software maker’s stock worth $61,000 after buying an additional 300 shares during the last quarter. GeoWealth Management LLC purchased a new position in Commvault Systems during the 4th quarter worth $101,000. Blue Trust Inc. grew its stake in Commvault Systems by 37,400.0% during the 4th quarter. Blue Trust Inc. now owns 750 shares of the software maker’s stock worth $113,000 after buying an additional 748 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in Commvault Systems during the 4th quarter worth $127,000. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Nicola Adamo sold 1,500 shares of the firm’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $169.74, for a total transaction of $254,610.00. Following the completion of the transaction, the director now directly owns 16,178 shares in the company, valued at $2,746,053.72. This trade represents a 8.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.00% of the stock is currently owned by company insiders.

Commvault Systems Price Performance

CVLT stock opened at $179.51 on Wednesday. The firm has a market capitalization of $7.92 billion, a PE ratio of 47.12 and a beta of 0.71. Commvault Systems, Inc. has a 1 year low of $105.76 and a 1 year high of $190.11. The business has a 50 day simple moving average of $161.83 and a 200-day simple moving average of $164.61.

Commvault Systems (NASDAQ:CVLT) last issued its quarterly earnings data on Tuesday, April 29th. The software maker reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.10. The company had revenue of $275.04 million during the quarter, compared to analyst estimates of $262.52 million. Commvault Systems had a return on equity of 28.69% and a net margin of 18.14%. The firm’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.79 earnings per share. On average, equities research analysts expect that Commvault Systems, Inc. will post 1.65 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CVLT. Piper Sandler dropped their price target on Commvault Systems from $154.00 to $147.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. KeyCorp dropped their price target on Commvault Systems from $195.00 to $185.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. StockNews.com upgraded Commvault Systems from a “hold” rating to a “buy” rating in a research note on Thursday, May 1st. Guggenheim restated a “neutral” rating on shares of Commvault Systems in a research note on Wednesday, April 23rd. Finally, Cantor Fitzgerald upped their target price on Commvault Systems from $159.00 to $173.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $175.25.

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.