Olympiad Research LP Acquires 813 Shares of Commvault Systems, Inc. (NASDAQ:CVLT)

Olympiad Research LP boosted its position in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 36.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 3,019 shares of the software maker’s stock after buying an additional 813 shares during the quarter. Olympiad Research LP’s holdings in Commvault Systems were worth $464,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Xponance Inc. boosted its holdings in Commvault Systems by 1.3% during the second quarter. Xponance Inc. now owns 6,371 shares of the software maker’s stock valued at $775,000 after purchasing an additional 79 shares in the last quarter. EFG Asset Management North America Corp. boosted its holdings in shares of Commvault Systems by 0.5% in 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 in the last quarter. Natixis Advisors LLC boosted its holdings 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 worth $1,665,000 after acquiring an additional 138 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings 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 worth $328,000 after acquiring an additional 139 shares in the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of Commvault Systems by 5.9% in the 2nd quarter. Parallel Advisors LLC now owns 2,749 shares of the software maker’s stock worth $334,000 after acquiring an additional 153 shares in the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Commvault Systems Trading Up 7.8 %

Shares of Commvault Systems stock opened at $171.84 on Thursday. The company has a market capitalization of $7.51 billion, a PE ratio of 43.50 and a beta of 0.59. Commvault Systems, Inc. has a 12 month low of $67.88 and a 12 month high of $172.83. The stock’s fifty day simple moving average is $150.63 and its 200 day simple moving average is $132.25.

Commvault Systems (NASDAQ:CVLT) last issued its quarterly earnings data on Tuesday, October 29th. The software maker reported $0.83 EPS for the quarter, topping the consensus estimate of $0.76 by $0.07. The business had revenue of $233.28 million for the quarter, compared to the consensus estimate of $220.76 million. Commvault Systems had a return on equity of 31.62% and a net margin of 19.75%. The firm’s revenue was up 16.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.30 EPS. Analysts predict that Commvault Systems, Inc. will post 1.68 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Commvault Systems news, Director Allison Pickens sold 1,232 shares of Commvault Systems stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $153.89, for a total value of $189,592.48. Following the sale, the director now owns 7,131 shares of the company’s stock, valued at $1,097,389.59. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Commvault Systems news, insider Gary Merrill sold 17,388 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were 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 in the company, valued at $14,251,342.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Allison Pickens sold 1,232 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $153.89, for a total transaction of $189,592.48. Following the sale, the director now owns 7,131 shares of the company’s stock, valued at $1,097,389.59. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

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.