Ellsworth Advisors LLC Has $672,000 Stock Position in Commvault Systems, Inc. (NASDAQ:CVLT)

Ellsworth Advisors LLC grew its stake in Commvault Systems, Inc. (NASDAQ:CVLT) by 4.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,454 shares of the software maker’s stock after purchasing an additional 202 shares during the quarter. Ellsworth Advisors LLC’s holdings in Commvault Systems were worth $672,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of CVLT. Commonwealth Equity Services LLC lifted its position in shares of Commvault Systems by 5.4% during the second 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. American Century Companies Inc. increased its holdings in Commvault Systems by 3.1% during the 2nd quarter. American Century Companies Inc. now owns 25,499 shares of the software maker’s stock worth $3,100,000 after acquiring an additional 772 shares during the period. Envestnet Asset Management Inc. lifted its stake in Commvault Systems by 30.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 57,198 shares of the software maker’s stock worth $6,954,000 after purchasing an additional 13,472 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Commvault Systems by 0.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 523,474 shares of the software maker’s stock valued at $63,637,000 after purchasing an additional 2,633 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its position in shares of Commvault Systems by 11.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 3,984 shares of the software maker’s stock valued at $484,000 after purchasing an additional 420 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Commvault Systems Trading Down 0.3 %

Shares of NASDAQ CVLT opened at $161.28 on Monday. Commvault Systems, Inc. has a 12-month low of $77.56 and a 12-month high of $178.72. The firm has a market capitalization of $7.05 billion, a price-to-earnings ratio of 40.83 and a beta of 0.65. The firm has a 50 day moving average of $164.92 and a 200 day moving average of $152.08.

Commvault Systems (NASDAQ:CVLT) last issued its quarterly earnings results on Tuesday, October 29th. The software maker reported $0.83 earnings per share for the quarter, beating 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 net margin of 19.75% and a return on equity of 31.62%. The company’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.30 earnings per share. Sell-side analysts predict that Commvault Systems, Inc. will post 1.66 EPS for the current year.

Insiders Place Their Bets

In related news, Director Allison Pickens sold 1,232 shares of Commvault Systems stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $172.50, for a total transaction of $212,520.00. Following the transaction, the director now directly owns 5,899 shares of the company’s stock, valued at $1,017,577.50. This trade represents a 17.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Sanjay Mirchandani sold 10,775 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $165.30, for a total value of $1,781,107.50. Following the sale, the chief executive officer now directly owns 459,969 shares in the company, valued at $76,032,875.70. This trade represents a 2.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,530 shares of company stock valued at $2,244,755 in the last quarter. 1.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CVLT shares. Royal Bank of Canada lifted their price objective on Commvault Systems from $164.00 to $182.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Oppenheimer initiated coverage on shares of Commvault Systems in a report on Wednesday, November 13th. They issued an “outperform” rating and a $200.00 price objective for the company. KeyCorp assumed coverage on shares of Commvault Systems in a research note on Thursday. They issued an “overweight” rating and a $192.00 price target for the company. Guggenheim downgraded Commvault Systems from a “buy” rating to a “neutral” rating in a report on Tuesday, October 15th. Finally, Cantor Fitzgerald assumed coverage on Commvault Systems in a research note on Friday. They issued a “neutral” rating and a $159.00 target price for the company. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Commvault Systems has a consensus rating of “Moderate Buy” and a consensus target price of $154.56.

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.