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

Fort Washington Investment Advisors Inc. OH raised its stake in Commvault Systems, Inc. (NASDAQ:CVLT) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 116,772 shares of the software maker’s stock after buying an additional 300 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 0.27% of Commvault Systems worth $17,622,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of CVLT. Capital Performance Advisors LLP bought a new position in Commvault Systems during the 3rd quarter worth approximately $33,000. Point72 DIFC Ltd acquired a new stake in Commvault Systems in the third quarter worth $71,000. Signaturefd LLC boosted its position in shares of Commvault Systems by 43.9% during the third quarter. Signaturefd LLC now owns 590 shares of the software maker’s stock worth $91,000 after purchasing an additional 180 shares in the last quarter. TD Private Client Wealth LLC acquired a new position in shares of Commvault Systems in the 3rd quarter valued at $105,000. Finally, Centaurus Financial Inc. bought a new stake in shares of Commvault Systems in the 3rd quarter valued at $126,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Commvault Systems

In other Commvault Systems news, insider Gary Merrill sold 1,523 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 93,007 shares of the company’s stock, valued at approximately $15,335,924.23. This represents a 1.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Allison Pickens sold 1,232 shares of the stock in a transaction 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 of the company’s stock, valued at approximately $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 over the last ninety days. 1.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CVLT has been the topic of several recent analyst reports. Oppenheimer began coverage on Commvault Systems in a report on Wednesday, November 13th. They set an “outperform” rating and a $200.00 target price on the stock. 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 report on Wednesday, October 30th. Cantor Fitzgerald began coverage on Commvault Systems in a research note on Friday, January 17th. They set a “neutral” rating and a $159.00 target price for the company. StockNews.com lowered shares of Commvault Systems from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 16th. Finally, Guggenheim downgraded shares of Commvault Systems from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 15th. Five research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Commvault Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.56.

Commvault Systems Stock Down 0.7 %

Shares of CVLT stock opened at $162.80 on Thursday. The firm has a market cap of $7.12 billion, a PE 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. The company’s fifty day simple moving average is $164.57 and its 200-day simple moving average is $152.62.

Commvault Systems (NASDAQ:CVLT) last posted 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 company 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 quarterly revenue was up 16.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.30 EPS. On average, equities analysts predict that Commvault Systems, Inc. will post 1.65 earnings per share for the current fiscal 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.