CommVault Systems, Inc. (NASDAQ:CVLT) Stock Holdings Increased by Allianz Asset Management GmbH

Allianz Asset Management GmbH grew its holdings in CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) by 25.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 448,860 shares of the software maker's stock after acquiring an additional 91,739 shares during the quarter. Allianz Asset Management GmbH owned 1.02% of CommVault Systems worth $70,812,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Quarry LP boosted its stake in shares of CommVault Systems by 888.2% in the fourth quarter. Quarry LP now owns 168 shares of the software maker's stock worth $25,000 after acquiring an additional 151 shares during the last quarter. SBI Securities Co. Ltd. lifted its stake in shares of CommVault Systems by 101.3% in the 1st quarter. SBI Securities Co. Ltd. now owns 159 shares of the software maker's stock valued at $25,000 after purchasing an additional 80 shares during the last quarter. Whipplewood Advisors LLC lifted its stake in shares of CommVault Systems by 584.0% in the 1st quarter. Whipplewood Advisors LLC now owns 171 shares of the software maker's stock valued at $27,000 after purchasing an additional 146 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new position in CommVault Systems during the 1st quarter worth about $27,000. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in CommVault Systems by 208.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 185 shares of the software maker's stock worth $29,000 after purchasing an additional 125 shares during the period. Institutional investors and hedge funds own 93.50% of the company's stock.

CommVault Systems Stock Up 0.6%

NASDAQ CVLT traded up $1.04 during mid-day trading on Friday, hitting $167.01. The stock had a trading volume of 109,252 shares, compared to its average volume of 479,646. CommVault Systems, Inc. has a 52-week low of $121.78 and a 52-week high of $192.01. The company has a market cap of $7.44 billion, a price-to-earnings ratio of 98.87 and a beta of 0.73. The company has a 50 day simple moving average of $176.54 and a 200 day simple moving average of $167.97.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The software maker reported $1.03 earnings per share for the quarter, beating 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 firm had revenue of $275.04 million during the quarter, compared to the consensus estimate of $262.52 million. During the same period last year, the business posted $0.79 EPS. CommVault Systems's quarterly revenue was up 23.2% on a year-over-year basis. As a group, equities analysts anticipate that CommVault Systems, Inc. will post 1.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Nicola Adamo sold 1,500 shares of CommVault Systems stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $169.74, for a total value of $254,610.00. Following the transaction, the director owned 16,178 shares in the company, valued at approximately $2,746,053.72. This trade represents a 8.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sanjay Mirchandani sold 1,709 shares of the business's 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 transaction, the chief executive officer owned 469,648 shares in the company, valued at approximately $82,188,400. This represents a 0.36% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,957 shares of company stock valued at $859,428. Corporate insiders own 1.00% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on CVLT shares. Wells Fargo & Company increased their price objective on CommVault Systems from $180.00 to $190.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Guggenheim upgraded CommVault Systems from a "neutral" rating to a "buy" rating and set a $210.00 price target on the stock in a research note on Wednesday, July 16th. DA Davidson decreased their price objective on CommVault Systems from $215.00 to $200.00 and set a "buy" rating for the company in a research report on Wednesday, July 16th. KeyCorp decreased their price objective on CommVault Systems from $195.00 to $185.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Finally, Wall Street Zen raised CommVault Systems from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $189.13.

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.