Janney Montgomery Scott LLC Buys Shares of 1,538 CommVault Systems, Inc. (NASDAQ:CVLT)

Janney Montgomery Scott LLC bought a new position in CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 1,538 shares of the software maker's stock, valued at approximately $243,000.

A number of other institutional investors also recently bought and sold shares of CVLT. Quarry LP raised its holdings in CommVault Systems by 888.2% during the fourth quarter. Quarry LP now owns 168 shares of the software maker's stock valued at $25,000 after acquiring an additional 151 shares during the period. Whipplewood Advisors LLC raised its holdings in CommVault Systems by 584.0% during the first quarter. Whipplewood Advisors LLC now owns 171 shares of the software maker's stock valued at $27,000 after acquiring an additional 146 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in CommVault Systems by 208.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 185 shares of the software maker's stock valued at $29,000 after acquiring an additional 125 shares during the period. NBC Securities Inc. bought a new stake in CommVault Systems during the first quarter valued at about $43,000. Finally, Versant Capital Management Inc raised its holdings in CommVault Systems by 183.7% during the first quarter. Versant Capital Management Inc now owns 295 shares of the software maker's stock valued at $47,000 after acquiring an additional 191 shares during the period. 93.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

CVLT has been the topic of a number of recent analyst reports. Oppenheimer raised their price target on CommVault Systems from $180.00 to $200.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Piper Sandler decreased their price target on CommVault Systems from $154.00 to $147.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company raised their price target on CommVault Systems from $180.00 to $190.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. DA Davidson lifted their target price on CommVault Systems from $185.00 to $200.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Finally, Wall Street Zen raised CommVault Systems from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, CommVault Systems currently has an average rating of "Moderate Buy" and a consensus target price of $182.86.

Insider Buying and Selling

In related news, CEO Sanjay Mirchandani sold 1,709 shares of CommVault Systems stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total value of $299,075.00. Following the completion of the transaction, the chief executive officer owned 469,648 shares in the company, valued at approximately $82,188,400. This trade represents a 0.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Gary Merrill sold 1,748 shares of CommVault Systems stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $174.91, for a total value of $305,742.68. Following the completion of the transaction, the insider owned 89,923 shares of the company's stock, valued at approximately $15,728,431.93. This represents a 1.91% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,957 shares of company stock worth $859,428. Corporate insiders own 1.00% of the company's stock.

CommVault Systems Price Performance

Shares of CVLT stock traded down $1.48 during trading hours on Monday, hitting $173.07. The stock had a trading volume of 267,264 shares, compared to its average volume of 433,345. CommVault Systems, Inc. has a one year low of $118.69 and a one year high of $192.01. The stock's 50-day moving average price is $177.72 and its two-hundred day moving average price is $166.86. The stock has a market capitalization of $7.71 billion, a price-to-earnings ratio of 102.41 and a beta of 0.73.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The software maker reported $1.03 EPS for the quarter, topping the consensus estimate of $0.93 by $0.10. The company had revenue of $275.04 million during the quarter, compared to analyst estimates of $262.52 million. CommVault Systems had a return on equity of 32.31% and a net margin of 7.64%. The firm's revenue was up 23.2% on a year-over-year basis. During the same quarter last year, the business posted $0.79 earnings per share. As a group, equities research analysts predict that CommVault Systems, Inc. will post 1.65 earnings per share for the current fiscal year.

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.