New Age Alpha Advisors LLC Buys 1,901 Shares of CommVault Systems, Inc. (NASDAQ:CVLT)

Key Points

• New Age Alpha Advisors LLC increased its holdings in CommVault Systems, Inc. by 20.7%, acquiring 1,901 shares to reach a total of 11,090 shares valued at approximately $1.75 million.
• The stock price of CommVault opened at $185.77, with a one-year low of $128.07 and a high of $200.68, reflecting significant market activity and a market capitalization of $8.26 billion.
• Several analysts have revised their price targets for CommVault, with estimates ranging from $170.00 to $225.00, indicating a generally positive outlook and an average rating of "Moderate Buy".

New Age Alpha Advisors LLC boosted its holdings in shares of CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) by 20.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 11,090 shares of the software maker's stock after acquiring an additional 1,901 shares during the period. New Age Alpha Advisors LLC's holdings in CommVault Systems were worth $1,750,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Benjamin Edwards Inc. grew its holdings in shares of CommVault Systems by 3.3% in the 4th quarter. Benjamin Edwards Inc. now owns 1,803 shares of the software maker's stock valued at $272,000 after buying an additional 58 shares during the period. Hancock Whitney Corp lifted its position in CommVault Systems by 1.0% in the 4th quarter. Hancock Whitney Corp now owns 5,781 shares of the software maker's stock valued at $872,000 after acquiring an additional 60 shares in the last quarter. NorthCrest Asset Manangement LLC lifted its position in CommVault Systems by 1.3% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 5,753 shares of the software maker's stock valued at $908,000 after acquiring an additional 72 shares in the last quarter. SBI Securities Co. Ltd. lifted its position in 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 acquiring an additional 80 shares in the last quarter. Finally, Johnson Investment Counsel Inc. lifted its position in CommVault Systems by 6.7% in the 1st quarter. Johnson Investment Counsel Inc. now owns 1,451 shares of the software maker's stock valued at $229,000 after acquiring an additional 91 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company's stock.

CommVault Systems Price Performance

Shares of NASDAQ:CVLT opened at $185.77 on Friday. The company's 50-day moving average price is $177.70 and its two-hundred day moving average price is $169.62. CommVault Systems, Inc. has a one year low of $128.07 and a one year high of $200.68. The stock has a market capitalization of $8.26 billion, a PE ratio of 103.21 and a beta of 0.70.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CVLT shares. Piper Sandler boosted their price objective on shares of CommVault Systems from $168.00 to $170.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. KeyCorp boosted their price objective on shares of CommVault Systems from $195.00 to $225.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. DA Davidson boosted their price objective on shares of CommVault Systems from $200.00 to $220.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Wells Fargo & Company boosted their price objective on shares of CommVault Systems from $190.00 to $220.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. Finally, Guggenheim set a $220.00 price objective on shares of CommVault Systems in a research report on Tuesday, July 29th. Three investment 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 company presently has an average rating of "Moderate Buy" and an average price target of $205.63.

Insider Activity

In other CommVault Systems news, CEO Sanjay Mirchandani sold 1,709 shares of the business's stock in a transaction dated 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 directly owned 469,648 shares of the company's stock, valued at $82,188,400. The trade was a 0.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Gary Merrill sold 1,748 shares of the business's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $174.91, for a total transaction of $305,742.68. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.00% of the company's stock.

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.

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