Bessemer Group Inc. Purchases 4,791 Shares of CommVault Systems, Inc. (NASDAQ:CVLT)

Bessemer Group Inc. increased its stake in CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) by 3,548.9% during the first quarter, according to its most recent filing with the SEC. The fund owned 4,926 shares of the software maker's stock after buying an additional 4,791 shares during the quarter. Bessemer Group Inc.'s holdings in CommVault Systems were worth $778,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Yorktown Management & Research Co Inc bought a new stake in CommVault Systems in the first quarter worth about $260,000. Virtu Financial LLC raised its holdings in shares of CommVault Systems by 63.9% in the 4th quarter. Virtu Financial LLC now owns 8,243 shares of the software maker's stock worth $1,244,000 after purchasing an additional 3,214 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of CommVault Systems by 0.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 632,870 shares of the software maker's stock worth $95,506,000 after purchasing an additional 4,957 shares during the period. Harbor Capital Advisors Inc. lifted its stake in CommVault Systems by 40,181.8% in the first quarter. Harbor Capital Advisors Inc. now owns 8,862 shares of the software maker's stock valued at $1,398,000 after purchasing an additional 8,840 shares during the last quarter. Finally, Wedge Capital Management L L P NC grew its holdings in CommVault Systems by 1,936.0% during the first quarter. Wedge Capital Management L L P NC now owns 360,355 shares of the software maker's stock valued at $56,850,000 after purchasing an additional 342,656 shares during the period. Institutional investors own 93.50% of the company's stock.

CommVault Systems Price Performance

Shares of NASDAQ:CVLT traded up $3.76 on Thursday, hitting $174.25. The company's stock had a trading volume of 216,514 shares, compared to its average volume of 432,860. CommVault Systems, Inc. has a 1 year low of $118.69 and a 1 year high of $192.01. The company has a market capitalization 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 $177.18 and a 200 day simple moving average of $166.57.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last announced its earnings results on Tuesday, April 29th. The software maker reported $1.03 earnings per share 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 the consensus estimate of $262.52 million. CommVault Systems had a net margin of 7.64% and a return on equity of 32.31%. CommVault Systems's quarterly revenue was up 23.2% on a year-over-year basis. During the same period last year, the firm posted $0.79 earnings per share. On average, equities research analysts expect that CommVault Systems, Inc. will post 1.65 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Sanjay Mirchandani sold 1,709 shares of the business's stock in a transaction that occurred on 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 $82,188,400. The trade was a 0.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through 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 transaction of $254,610.00. Following the transaction, the director owned 16,178 shares in the company, valued at $2,746,053.72. The trade was a 8.49% 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. 1.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on CVLT shares. Wells Fargo & Company upped their price target on CommVault Systems from $180.00 to $190.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Wall Street Zen raised CommVault Systems from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. DA Davidson lifted their target price on CommVault Systems from $185.00 to $200.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Guggenheim reiterated a "neutral" rating on shares of CommVault Systems in a research report on Wednesday, April 23rd. Finally, KeyCorp cut their price objective on shares of CommVault Systems from $195.00 to $185.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $182.86.

About CommVault Systems

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.