Lindenwold Advisors INC Increases Stock Position in Commvault Systems, Inc. (NASDAQ:CVLT)

Lindenwold Advisors INC increased its position in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 2.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 7,028 shares of the software maker’s stock after buying an additional 164 shares during the period. Lindenwold Advisors INC’s holdings in Commvault Systems were worth $1,081,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new stake in shares of Commvault Systems during the third quarter worth about $33,000. National Bank of Canada FI acquired a new position in shares of Commvault Systems in the 2nd quarter valued at approximately $30,000. Hexagon Capital Partners LLC boosted its stake in shares of Commvault Systems by 124.8% during the 2nd quarter. Hexagon Capital Partners LLC now owns 353 shares of the software maker’s stock valued at $43,000 after buying an additional 196 shares during the last quarter. Signaturefd LLC grew its position in shares of Commvault Systems by 70.8% during the second quarter. Signaturefd LLC now owns 410 shares of the software maker’s stock worth $50,000 after buying an additional 170 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Commvault Systems by 140.5% in the second quarter. GAMMA Investing LLC now owns 529 shares of the software maker’s stock worth $64,000 after buying an additional 309 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Insiders Place Their Bets

In other news, Director Allison Pickens sold 1,232 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 7,131 shares of the company’s stock, valued at approximately $1,097,389.59. This trade represents a 14.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gary Merrill sold 17,388 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was 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 of the company’s stock, valued at $14,251,342.80. The trade was a 15.54 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Commvault Systems Trading Down 1.4 %

NASDAQ:CVLT opened at $166.12 on Tuesday. The firm has a market capitalization of $7.26 billion, a PE ratio of 42.06 and a beta of 0.59. Commvault Systems, Inc. has a 52 week low of $69.10 and a 52 week high of $178.29. The stock has a 50 day moving average of $153.68 and a 200-day moving average of $136.09.

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 analysts’ consensus estimates of $0.76 by $0.07. The firm had revenue of $233.28 million during 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% on a year-over-year basis. During the same period in the prior year, the business earned $0.30 EPS. As a group, analysts predict that Commvault Systems, Inc. will post 1.66 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CVLT shares. Royal Bank of Canada raised their price objective on shares of Commvault Systems from $164.00 to $182.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. DA Davidson lifted their price target on Commvault Systems from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. StockNews.com cut Commvault Systems from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 1st. KeyCorp lifted their target price on Commvault Systems from $140.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Finally, Guggenheim lowered Commvault Systems from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 15th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $151.25.

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.