Axa S.A. Makes New Investment in Commvault Systems, Inc. (NASDAQ:CVLT)

AXA S.A. acquired a new position in shares of Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 17,874 shares of the software maker's stock, valued at approximately $2,697,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Tidal Investments LLC acquired a new position in shares of Commvault Systems during the 3rd quarter worth $279,000. GAMMA Investing LLC raised its position in Commvault Systems by 13.7% during the fourth quarter. GAMMA Investing LLC now owns 1,006 shares of the software maker's stock worth $152,000 after acquiring an additional 121 shares during the last quarter. Oak Ridge Investments LLC purchased a new stake in shares of Commvault Systems in the fourth quarter valued at about $2,561,000. Ellsworth Advisors LLC grew its position in shares of Commvault Systems by 4.8% in the fourth quarter. Ellsworth Advisors LLC now owns 4,454 shares of the software maker's stock valued at $672,000 after purchasing an additional 202 shares during the last quarter. Finally, Diversify Wealth Management LLC increased its stake in shares of Commvault Systems by 19.3% during the 4th quarter. Diversify Wealth Management LLC now owns 4,033 shares of the software maker's stock worth $621,000 after purchasing an additional 653 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Sanjay Mirchandani sold 12,318 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $185.96, for a total value of $2,290,655.28. Following the completion of the sale, the chief executive officer now owns 427,231 shares in the company, valued at approximately $79,447,876.76. This trade represents a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gary Merrill sold 3,287 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $186.94, for a total value of $614,471.78. Following the transaction, the insider now directly owns 87,316 shares in the company, valued at $16,322,853.04. This trade represents a 3.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,105 shares of company stock worth $3,159,737 over the last ninety days. 1.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

CVLT has been the topic of a number of analyst reports. Piper Sandler lowered their target price on Commvault Systems from $154.00 to $147.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Guggenheim reiterated a "neutral" rating on shares of Commvault Systems in a research report on Wednesday, April 23rd. Cantor Fitzgerald upped their target price on shares of Commvault Systems from $159.00 to $173.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. William Blair raised shares of Commvault Systems from a "market perform" rating to an "outperform" rating in a research report on Thursday, January 30th. Finally, StockNews.com upgraded shares of Commvault Systems from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $175.25.

Commvault Systems Stock Down 2.4 %

Shares of CVLT stock traded down $4.19 on Friday, reaching $170.60. 394,583 shares of the stock were exchanged, compared to its average volume of 416,504. The stock has a market cap of $7.53 billion, a P/E ratio of 44.78 and a beta of 0.71. The firm has a 50 day moving average of $159.00 and a two-hundred day moving average of $163.28. Commvault Systems, Inc. has a 1-year low of $105.76 and a 1-year high of $190.11.

Commvault Systems (NASDAQ:CVLT - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The software maker reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.10. Commvault Systems had a return on equity of 28.69% and a net margin of 18.14%. The company had revenue of $275.04 million for the quarter, compared to the consensus estimate of $262.52 million. During the same period last year, the business posted $0.79 EPS. The company's quarterly revenue was up 23.2% compared to the same quarter last year. On average, equities research analysts predict that Commvault Systems, Inc. will post 1.65 EPS for the current fiscal year.

About Commvault Systems

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.