Wealth Enhancement Advisory Services LLC Has $616,000 Stock Holdings in Commvault Systems, Inc. (NASDAQ:CVLT)

Wealth Enhancement Advisory Services LLC grew its position in Commvault Systems, Inc. (NASDAQ:CVLT) by 26.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,082 shares of the software maker’s stock after acquiring an additional 856 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Commvault Systems were worth $616,000 as of its most recent filing with the SEC.

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

Commvault Systems Price Performance

Shares of CVLT stock opened at $188.29 on Thursday. The company has a market capitalization of $8.31 billion, a price-to-earnings ratio of 49.42 and a beta of 0.75. Commvault Systems, Inc. has a one year low of $113.83 and a one year high of $191.76. The company’s fifty day moving average price is $168.93 and its 200-day moving average price is $166.11.

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

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Commvault Systems from a “hold” rating to a “buy” rating in a research report on Thursday, May 1st. Piper Sandler lowered their price objective on shares of Commvault Systems from $154.00 to $147.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Oppenheimer increased their price target on shares of Commvault Systems from $180.00 to $200.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. Royal Bank of Canada increased their price target on shares of Commvault Systems from $175.00 to $185.00 and gave the company a “sector perform” rating in a report on Wednesday, April 30th. Finally, KeyCorp dropped their target price on shares of Commvault Systems from $195.00 to $185.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $175.25.

Insiders Place Their Bets

In other news, insider Gary Merrill sold 1,748 shares of the company’s stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $174.91, for a total value of $305,742.68. Following the completion of the sale, the insider now owns 89,923 shares of the company’s stock, valued at approximately $15,728,431.93. This represents a 1.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sanjay Mirchandani sold 1,709 shares of the business’s stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total transaction of $299,075.00. Following the transaction, the chief executive officer now owns 469,648 shares of the company’s stock, valued at approximately $82,188,400. This trade represents a 0.36% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,957 shares of company stock valued at $859,428 in the last three months. Corporate insiders own 1.00% of the company’s stock.

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.