Asset Management One Co. Ltd. Invests $1.23 Million in CommVault Systems, Inc. (NASDAQ:CVLT)

Asset Management One Co. Ltd. acquired a new stake in shares of CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 7,788 shares of the software maker's stock, valued at approximately $1,229,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quarry LP raised its stake in shares of CommVault Systems by 888.2% during the 4th quarter. Quarry LP now owns 168 shares of the software maker's stock valued at $25,000 after buying an additional 151 shares during the last quarter. Whipplewood Advisors LLC raised its stake in shares of CommVault Systems by 584.0% during the 1st quarter. Whipplewood Advisors LLC now owns 171 shares of the software maker's stock valued at $27,000 after buying an additional 146 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of CommVault Systems by 208.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 185 shares of the software maker's stock valued at $29,000 after buying an additional 125 shares during the last quarter. NBC Securities Inc. purchased a new position in shares of CommVault Systems during the 1st quarter valued at about $43,000. Finally, Versant Capital Management Inc raised its stake in shares of CommVault Systems by 183.7% during the 1st quarter. Versant Capital Management Inc now owns 295 shares of the software maker's stock valued at $47,000 after buying an additional 191 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Wells Fargo & Company lifted their price objective on CommVault Systems from $180.00 to $190.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Royal Bank Of Canada lifted their price objective on CommVault Systems from $175.00 to $185.00 and gave the company a "sector perform" rating in a research note on Wednesday, April 30th. Oppenheimer lifted their price objective on CommVault Systems from $180.00 to $200.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Guggenheim restated a "neutral" rating on shares of CommVault Systems in a research report on Wednesday, April 23rd. Finally, KeyCorp dropped their target price on CommVault Systems from $195.00 to $185.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $182.86.

Insider Buying and Selling

In related news, 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 sale, the insider directly owned 89,923 shares in the company, valued at approximately $15,728,431.93. The trade was a 1.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 sale, the chief executive officer owned 469,648 shares in the company, valued at approximately $82,188,400. The trade was a 0.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,957 shares of company stock worth $859,428. Insiders own 1.00% of the company's stock.

CommVault Systems Stock Up 2.2%

Shares of NASDAQ:CVLT traded up $3.76 during trading on Friday, reaching $174.25. 216,515 shares of the company's stock traded hands, compared to its average volume of 433,903. CommVault Systems, Inc. has a fifty-two week low of $118.69 and a fifty-two week high of $192.01. The firm has a market cap of $7.76 billion, a PE ratio of 103.11 and a beta of 0.73. The company has a 50-day simple moving average of $177.57 and a 200-day simple moving average of $166.65.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The software maker reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.10. CommVault Systems had a return on equity of 32.31% and a net margin of 7.64%. The company had revenue of $275.04 million for the quarter, compared to analysts' expectations of $262.52 million. During the same period in the previous year, the firm posted $0.79 EPS. CommVault Systems's revenue was up 23.2% compared to the same quarter last year. On average, equities research analysts forecast that CommVault Systems, Inc. will post 1.65 EPS for the current 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.