1,650 Shares in CommVault Systems, Inc. (NASDAQ:CVLT) Purchased by Yorktown Management & Research Co Inc

Yorktown Management & Research Co Inc bought a new position in shares of CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,650 shares of the software maker's stock, valued at approximately $260,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Asset Management One Co. Ltd. purchased a new position in shares of CommVault Systems during the 1st quarter valued at $1,229,000. Oppenheimer & Co. Inc. boosted its stake in CommVault Systems by 10.9% during the first quarter. Oppenheimer & Co. Inc. now owns 2,697 shares of the software maker's stock valued at $425,000 after buying an additional 264 shares during the period. Retirement Systems of Alabama grew its position in CommVault Systems by 0.7% during the first quarter. Retirement Systems of Alabama now owns 53,551 shares of the software maker's stock worth $8,448,000 after buying an additional 384 shares in the last quarter. Blue Trust Inc. increased its stake in CommVault Systems by 71.2% in the 1st quarter. Blue Trust Inc. now owns 1,284 shares of the software maker's stock worth $203,000 after acquiring an additional 534 shares during the last quarter. Finally, Johnson Investment Counsel Inc. increased its stake in CommVault Systems by 6.7% in the 1st quarter. Johnson Investment Counsel Inc. now owns 1,451 shares of the software maker's stock worth $229,000 after acquiring an additional 91 shares during the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Oppenheimer lifted their price target on CommVault Systems from $180.00 to $200.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Piper Sandler dropped their target price on shares of CommVault Systems from $154.00 to $147.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company boosted their price target on shares of CommVault Systems from $180.00 to $190.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. KeyCorp lowered their price objective on shares of CommVault Systems from $195.00 to $185.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Finally, Wall Street Zen raised shares of CommVault Systems from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, CommVault Systems has a consensus rating of "Moderate Buy" and an average target price of $175.25.

Insider Transactions at CommVault Systems

In other CommVault Systems news, insider Gary Merrill sold 1,748 shares of CommVault Systems stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $174.91, for a total value of $305,742.68. Following the transaction, the insider now directly owns 89,923 shares of the company's stock, valued at $15,728,431.93. The trade was a 1.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Nicola Adamo sold 1,500 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $169.74, for a total value of $254,610.00. Following the sale, the director now directly owns 16,178 shares of the company's stock, valued at approximately $2,746,053.72. This trade represents a 8.49% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,957 shares of company stock worth $859,428. Company insiders own 1.00% of the company's stock.

CommVault Systems Trading Up 1.7%

Shares of CVLT stock traded up $2.92 during trading hours on Wednesday, hitting $173.42. 589,184 shares of the company's stock were exchanged, compared to its average volume of 429,935. The company has a market capitalization of $7.65 billion, a PE ratio of 102.62 and a beta of 0.75. CommVault Systems, Inc. has a 12-month low of $118.07 and a 12-month high of $192.01. The business's 50 day simple moving average is $174.76 and its 200-day simple moving average is $166.53.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last issued its earnings results 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 net margin of 7.64% and a return on equity of 32.31%. The company had revenue of $275.04 million for the quarter, compared to analysts' expectations of $262.52 million. During the same quarter last year, the company earned $0.79 EPS. The firm's revenue was up 23.2% compared to the same quarter last year. Equities analysts anticipate 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.