Emerald Mutual Fund Advisers Trust Has $5.65 Million Position in CommVault Systems, Inc. (NASDAQ:CVLT)

Emerald Mutual Fund Advisers Trust boosted its stake in CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) by 9.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,812 shares of the software maker's stock after purchasing an additional 3,174 shares during the period. Emerald Mutual Fund Advisers Trust owned approximately 0.08% of CommVault Systems worth $5,650,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Quarry LP grew its stake in 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 purchasing an additional 151 shares in the last quarter. Whipplewood Advisors LLC grew its position in shares of CommVault Systems by 584.0% during the first quarter. Whipplewood Advisors LLC now owns 171 shares of the software maker's stock worth $27,000 after buying an additional 146 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of CommVault Systems by 208.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 185 shares of the software maker's stock worth $29,000 after buying an additional 125 shares in the last quarter. NBC Securities Inc. bought a new stake in shares of CommVault Systems in the first quarter worth $43,000. Finally, Versant Capital Management Inc raised its holdings 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 acquiring an additional 191 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company's stock.

CommVault Systems Price Performance

CommVault Systems stock traded down $5.02 during trading hours on Friday, hitting $165.05. The company had a trading volume of 334,338 shares, compared to its average volume of 434,894. The firm's fifty day moving average is $177.91 and its 200-day moving average is $167.18. The firm has a market capitalization of $7.35 billion, a P/E ratio of 97.66 and a beta of 0.73. CommVault Systems, Inc. has a fifty-two week low of $119.67 and a fifty-two week high of $192.01.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $275.04 million during the quarter, compared to analysts' expectations of $262.52 million. CommVault Systems had a return on equity of 32.31% and a net margin of 7.64%. The firm's quarterly revenue was up 23.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.79 EPS. Analysts anticipate that CommVault Systems, Inc. will post 1.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Wall Street Zen upgraded CommVault Systems from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. DA Davidson boosted their price target on shares of CommVault Systems from $185.00 to $200.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Guggenheim restated a "neutral" rating on shares of CommVault Systems in a research report on Wednesday, April 23rd. Piper Sandler cut their price objective on shares of CommVault Systems from $154.00 to $147.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Finally, Wells Fargo & Company upped their target price on shares of CommVault Systems from $180.00 to $190.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Four 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 stock has a consensus rating of "Moderate Buy" and an average price target of $182.86.

Insider Activity at CommVault Systems

In other news, Director Nicola Adamo sold 1,500 shares of the firm's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $169.74, for a total value of $254,610.00. Following the sale, 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 SEC, which is accessible through this hyperlink. Also, insider Gary Merrill sold 1,748 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $174.91, for a total transaction of $305,742.68. Following the transaction, the insider directly owned 89,923 shares in the company, valued at $15,728,431.93. This trade represents a 1.91% decrease in their position. 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 owned by 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.