Fort Washington Investment Advisors Inc. OH Has $17.62 Million Position in Commvault Systems, Inc. (NASDAQ:CVLT)

Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 0.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 116,772 shares of the software maker’s stock after purchasing an additional 300 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Commvault Systems were worth $17,622,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new position in shares of Commvault Systems in the third quarter valued at about $33,000. Point72 DIFC Ltd bought a new stake in shares of Commvault Systems during the 3rd quarter worth about $71,000. Signaturefd LLC grew its stake in Commvault Systems by 43.9% in the 3rd quarter. Signaturefd LLC now owns 590 shares of the software maker’s stock valued at $91,000 after buying an additional 180 shares during the last quarter. TD Private Client Wealth LLC bought a new position in Commvault Systems in the 3rd quarter valued at about $105,000. Finally, Centaurus Financial Inc. acquired a new stake in Commvault Systems during the third quarter worth approximately $126,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Insider Buying and Selling

In related news, insider Gary Merrill sold 1,523 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $164.89, for a total transaction of $251,127.47. Following the completion of the transaction, the insider now directly owns 93,007 shares in the company, valued at $15,335,924.23. This represents a 1.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Allison Pickens sold 1,232 shares of the firm’s 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 completion of the sale, the director now owns 5,899 shares in the company, valued at $1,017,577.50. This represents a 17.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,530 shares of company stock worth $2,244,755 in the last ninety days. 1.00% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. 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. KeyCorp started coverage on shares of Commvault Systems in a research report on Thursday, January 16th. They issued an “overweight” rating and a $192.00 target price for the company. Royal Bank of Canada upped their price target on shares of Commvault Systems from $164.00 to $182.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Guggenheim cut shares of Commvault Systems from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 15th. Finally, Cantor Fitzgerald started coverage on shares of Commvault Systems in a research report on Friday, January 17th. They set a “neutral” rating and a $159.00 target price on the stock. Five analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Commvault Systems presently has an average rating of “Moderate Buy” and a consensus target price of $154.56.

Commvault Systems Stock Down 0.7 %

CVLT stock opened at $162.80 on Thursday. The company’s 50-day moving average price is $164.57 and its two-hundred day moving average price is $152.62. The firm has a market cap of $7.12 billion, a P/E ratio of 41.22 and a beta of 0.65. Commvault Systems, Inc. has a 12 month low of $79.39 and a 12 month high of $178.72.

Commvault Systems (NASDAQ:CVLT) last announced its quarterly earnings data on Tuesday, October 29th. The software maker reported $0.83 EPS for the quarter, beating the consensus estimate of $0.76 by $0.07. The business had revenue of $233.28 million during 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 was up 16.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.30 earnings per share. Equities analysts predict that Commvault Systems, Inc. will post 1.65 EPS for the current year.

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.