Janus Henderson Group PLC Has $3.03 Million Position in Commvault Systems, Inc. (NASDAQ:CVLT)

Janus Henderson Group PLC increased its holdings in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 5.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,066 shares of the software maker’s stock after purchasing an additional 1,000 shares during the period. Janus Henderson Group PLC’s holdings in Commvault Systems were worth $3,026,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of CVLT. Virtu Financial LLC raised its stake in shares of Commvault Systems by 63.9% in the 4th quarter. Virtu Financial LLC now owns 8,243 shares of the software maker’s stock valued at $1,244,000 after purchasing an additional 3,214 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Commvault Systems by 0.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 632,870 shares of the software maker’s stock valued at $95,506,000 after buying an additional 4,957 shares during the last quarter. Banco Santander S.A. bought a new stake in Commvault Systems in the 4th quarter valued at approximately $833,000. New Age Alpha Advisors LLC acquired a new position in Commvault Systems during the 4th quarter worth approximately $1,387,000. Finally, Oppenheimer & Co. Inc. bought a new position in shares of Commvault Systems during the 4th quarter worth approximately $367,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Commvault Systems Trading Up 0.8%

NASDAQ:CVLT opened at $179.51 on Wednesday. The stock has a 50 day simple moving average of $161.83 and a 200 day simple moving average of $164.61. The stock has a market cap of $7.92 billion, a P/E 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.

Commvault Systems (NASDAQ:CVLT) last posted its earnings results on Tuesday, April 29th. The software maker reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.10. Commvault Systems had a return on equity of 28.69% and a net margin of 18.14%. The company had revenue of $275.04 million during the quarter, compared to the consensus estimate of $262.52 million. During the same quarter last year, the firm earned $0.79 earnings per share. The company’s revenue was up 23.2% on a year-over-year basis. As a group, sell-side analysts forecast that Commvault Systems, Inc. will post 1.65 EPS for the current year.

Insider Buying and Selling at Commvault Systems

In related 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 value of $254,610.00. Following the transaction, the director now owns 16,178 shares in the company, valued at approximately $2,746,053.72. This trade represents a 8.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. William Blair upgraded Commvault Systems from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 30th. KeyCorp cut their price target on shares of Commvault Systems from $195.00 to $185.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Piper Sandler lowered their price objective on shares of Commvault Systems from $154.00 to $147.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. StockNews.com upgraded shares of Commvault Systems from a “hold” rating to a “buy” rating in a research note on Thursday, May 1st. Finally, Guggenheim reissued a “neutral” rating on shares of Commvault Systems in a research report on Wednesday, April 23rd. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Commvault Systems has an average rating of “Moderate Buy” and a consensus target price of $175.25.

Commvault Systems 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.