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Banque Pictet & Cie SA Purchases Shares of 3,289 CommVault Systems, Inc. (NASDAQ:CVLT)

CommVault Systems logo with Computer and Technology background

Banque Pictet & Cie SA bought a new stake in shares of CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 3,289 shares of the software maker's stock, valued at approximately $519,000.

Other large investors also recently added to or reduced their stakes in the company. Quarry LP raised its position in shares of CommVault Systems by 888.2% in the 4th 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 increased its stake in CommVault Systems by 584.0% in the first quarter. Whipplewood Advisors LLC now owns 171 shares of the software maker's stock valued at $27,000 after purchasing an additional 146 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in CommVault Systems by 208.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 185 shares of the software maker's stock valued at $29,000 after purchasing an additional 125 shares in the last quarter. NBC Securities Inc. bought a new stake in CommVault Systems in the first quarter valued at approximately $43,000. Finally, Versant Capital Management Inc increased its stake in CommVault Systems by 183.7% in the first quarter. Versant Capital Management Inc now owns 295 shares of the software maker's stock valued at $47,000 after purchasing an additional 191 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

CommVault Systems Trading Down 3.0%

Shares of NASDAQ CVLT traded down $5.02 during midday trading on Friday, reaching $165.05. The company's stock had a trading volume of 334,338 shares, compared to its average volume of 434,894. CommVault Systems, Inc. has a fifty-two week low of $119.67 and a fifty-two week high of $192.01. The stock has a market capitalization of $7.35 billion, a price-to-earnings ratio of 97.66 and a beta of 0.73. The stock has a 50 day simple moving average of $177.91 and a 200-day simple moving average of $167.11.

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, beating the consensus estimate of $0.93 by $0.10. The company had revenue of $275.04 million during the quarter, compared to the consensus estimate 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 for the quarter was up 23.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.79 EPS. As a group, equities analysts anticipate that CommVault Systems, Inc. will post 1.65 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CVLT. Oppenheimer increased their target price on CommVault Systems from $180.00 to $200.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Royal Bank Of Canada increased their target price on CommVault Systems from $175.00 to $185.00 and gave the stock a "sector perform" rating in a research note on Wednesday, April 30th. Wall Street Zen raised CommVault Systems from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. DA Davidson increased their target price on CommVault Systems from $185.00 to $200.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Finally, Guggenheim reissued a "neutral" rating on shares of CommVault Systems in a research note on Wednesday, April 23rd. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $182.86.

Read Our Latest Research Report on CVLT

Insider Activity

In other news, insider Gary Merrill sold 1,748 shares of the 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 completion of the sale, 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Sanjay Mirchandani sold 1,709 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were 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 directly owned 469,648 shares of the company's stock, valued at approximately $82,188,400. The trade was a 0.36% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,957 shares of company stock valued at $859,428. 1.00% of the stock is owned by insiders.

CommVault Systems Profile

(Free Report)

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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Institutional Ownership by Quarter for CommVault Systems (NASDAQ:CVLT)

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