Diversified Trust Co Purchases New Holdings in CommVault Systems, Inc. (NASDAQ:CVLT)

Diversified Trust Co purchased a new stake in shares of CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,321 shares of the software maker's stock, valued at approximately $524,000.

Other institutional investors have also bought and sold shares of the company. Quarry LP boosted its holdings in shares of CommVault Systems by 888.2% in the 4th quarter. Quarry LP now owns 168 shares of the software maker's stock worth $25,000 after purchasing an additional 151 shares during the period. Whipplewood Advisors LLC lifted its holdings 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 worth $27,000 after buying an additional 146 shares during the period. MassMutual Private Wealth & Trust FSB increased its position 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 valued at $29,000 after purchasing an additional 125 shares during the period. NBC Securities Inc. purchased a new stake in CommVault Systems during the first quarter worth $43,000. Finally, Versant Capital Management Inc boosted its position in CommVault Systems by 183.7% during 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. Hedge funds and other institutional investors own 93.50% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Wall Street Zen raised CommVault Systems from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Oppenheimer boosted their price target on CommVault Systems from $180.00 to $200.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Guggenheim restated a "neutral" rating on shares of CommVault Systems in a report on Wednesday, April 23rd. Royal Bank Of Canada upped their target price on CommVault Systems from $175.00 to $185.00 and gave the company a "sector perform" rating in a research report on Wednesday, April 30th. Finally, KeyCorp lowered their price target 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. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $182.86.

CommVault Systems Trading Up 2.2%

Shares of CVLT stock traded up $3.76 during trading hours on Friday, hitting $174.25. The company's stock had a trading volume of 216,515 shares, compared to its average volume of 433,903. The stock has a market cap of $7.76 billion, a PE ratio of 103.11 and a beta of 0.73. CommVault Systems, Inc. has a 12-month low of $118.69 and a 12-month high of $192.01. The company has a 50 day moving average of $177.57 and a 200 day moving average of $166.65.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last posted 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 company had revenue of $275.04 million during 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%. The firm's quarterly revenue was up 23.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.79 earnings per share. As a group, analysts anticipate that CommVault Systems, Inc. will post 1.65 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Nicola Adamo sold 1,500 shares of the stock in a transaction 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 sale, the director directly owned 16,178 shares of the company's stock, valued at approximately $2,746,053.72. This represents a 8.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Sanjay Mirchandani sold 1,709 shares of the firm's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total transaction of $299,075.00. Following the sale, 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. Insiders sold a total of 4,957 shares of company stock valued at $859,428 in the last quarter. 1.00% of the stock is currently owned by company insiders.

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.