1,853 Shares in Commvault Systems, Inc. (NASDAQ:CVLT) Bought by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC bought a new stake in Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,853 shares of the software maker's stock, valued at approximately $280,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CVLT. Quarry LP grew its stake in Commvault Systems by 888.2% during the fourth quarter. Quarry LP now owns 168 shares of the software maker's stock worth $25,000 after buying an additional 151 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its position in Commvault Systems by 409.0% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 341 shares of the software maker's stock worth $51,000 after purchasing an additional 274 shares during the period. TFC Financial Management Inc. raised its position in Commvault Systems by 294.1% in the fourth quarter. TFC Financial Management Inc. now owns 402 shares of the software maker's stock valued at $61,000 after purchasing an additional 300 shares during the period. GeoWealth Management LLC purchased a new position in Commvault Systems in the fourth quarter valued at about $101,000. Finally, Blue Trust Inc. lifted its stake in shares of Commvault Systems by 37,400.0% during the fourth quarter. Blue Trust Inc. now owns 750 shares of the software maker's stock worth $113,000 after purchasing an additional 748 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company's stock.

Commvault Systems Price Performance

CVLT opened at $178.15 on Tuesday. Commvault Systems, Inc. has a 12-month low of $105.76 and a 12-month high of $190.11. The stock has a market capitalization of $7.86 billion, a PE ratio of 46.76 and a beta of 0.71. The firm's fifty day moving average price is $161.83 and its 200 day moving average price is $164.61.

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

Insider Transactions at Commvault Systems

In related news, Director Nicola Adamo sold 1,500 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $169.74, for a total transaction of $254,610.00. Following the transaction, the director now directly owns 16,178 shares in the company, valued at $2,746,053.72. This trade represents a 8.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Gary Merrill sold 3,287 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $186.94, for a total transaction of $614,471.78. Following the sale, the insider now owns 87,316 shares of the company's stock, valued at approximately $16,322,853.04. The trade was a 3.63% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,105 shares of company stock worth $3,159,737. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CVLT shares. Oppenheimer raised their target price on Commvault Systems from $180.00 to $200.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. DA Davidson lifted their price objective on shares of Commvault Systems from $185.00 to $200.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Cantor Fitzgerald boosted their target price on shares of Commvault Systems from $159.00 to $173.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. KeyCorp lowered their price target on shares of Commvault Systems from $195.00 to $185.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Finally, Royal Bank of Canada boosted their price objective on shares of Commvault Systems from $175.00 to $185.00 and gave the stock a "sector perform" rating in a report on Wednesday, April 30th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $175.25.

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.

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