Diversify Wealth Management LLC Has $621,000 Stock Position in Commvault Systems, Inc. (NASDAQ:CVLT)

Diversify Wealth Management LLC grew its position in Commvault Systems, Inc. (NASDAQ:CVLT) by 19.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,033 shares of the software maker’s stock after buying an additional 653 shares during the quarter. Diversify Wealth Management LLC’s holdings in Commvault Systems were worth $621,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Commonwealth Equity Services LLC raised its position in Commvault Systems by 5.4% during the second quarter. Commonwealth Equity Services LLC now owns 2,701 shares of the software maker’s stock valued at $328,000 after acquiring an additional 139 shares in the last quarter. American Century Companies Inc. increased its position in Commvault Systems by 3.1% during the second 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. boosted its stake in Commvault Systems by 30.8% during the second quarter. Envestnet Asset Management Inc. now owns 57,198 shares of the software maker’s stock worth $6,954,000 after buying an additional 13,472 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Commvault Systems by 0.5% during the second quarter. Dimensional Fund Advisors LP now owns 523,474 shares of the software maker’s stock worth $63,637,000 after buying an additional 2,633 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in Commvault Systems by 11.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 3,984 shares of the software maker’s stock worth $484,000 after buying an additional 420 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. KeyCorp assumed coverage on shares of Commvault Systems in a research note on Thursday, January 16th. They issued an “overweight” rating and a $192.00 target price on the stock. Guggenheim cut Commvault Systems from a “buy” rating to a “neutral” rating in a report on Tuesday, October 15th. Oppenheimer assumed coverage on Commvault Systems in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $200.00 price target for the company. StockNews.com lowered Commvault Systems from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 16th. Finally, Cantor Fitzgerald assumed coverage on Commvault Systems in a research report on Friday, January 17th. They issued a “neutral” rating and a $159.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $154.56.

Commvault Systems Price Performance

Shares of CVLT stock opened at $164.01 on Wednesday. Commvault Systems, Inc. has a one year low of $79.39 and a one year high of $178.72. The business’s 50 day simple moving average is $164.69 and its 200 day simple moving average is $152.33. The stock has a market capitalization of $7.17 billion, a PE ratio of 41.52 and a beta of 0.65.

Commvault Systems (NASDAQ:CVLT) last issued its earnings results on Tuesday, October 29th. The software maker reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.07. The company had revenue of $233.28 million for the quarter, compared to analyst estimates of $220.76 million. Commvault Systems had a return on equity of 31.62% and a net margin of 19.75%. Commvault Systems’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 earnings per share. As a group, research analysts expect that Commvault Systems, Inc. will post 1.65 earnings per share for the current year.

Insider Transactions at Commvault Systems

In other news, Director Allison Pickens sold 1,232 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $172.50, for a total transaction of $212,520.00. Following the completion of the transaction, the director now owns 5,899 shares in the company, valued at approximately $1,017,577.50. This represents a 17.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gary Merrill sold 1,523 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $164.89, for a total value of $251,127.47. Following the sale, the insider now directly owns 93,007 shares in the company, valued at $15,335,924.23. This trade represents a 1.61 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,530 shares of company stock worth $2,244,755. 1.00% of the stock is owned by company insiders.

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.