SG Americas Securities LLC Purchases Shares of 8,381 CommVault Systems, Inc. (NASDAQ:CVLT)

SG Americas Securities LLC acquired a new position in shares of CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,381 shares of the software maker's stock, valued at approximately $1,322,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP boosted its stake in shares of CommVault Systems by 888.2% in 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 during the last quarter. Whipplewood Advisors LLC boosted its holdings in 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 during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of 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 buying an additional 125 shares during the period. NBC Securities Inc. bought a new stake in shares of CommVault Systems in the 1st quarter valued at about $43,000. Finally, Versant Capital Management Inc raised its position in shares of CommVault Systems by 183.7% in the 1st 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 during the period. 93.50% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at CommVault Systems

In other CommVault Systems news, Director Nicola Adamo sold 1,500 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $169.74, for a total value of $254,610.00. Following the sale, the director now owns 16,178 shares of the company's stock, valued at $2,746,053.72. This trade represents a 8.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Sanjay Mirchandani sold 1,709 shares of CommVault Systems stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total transaction of $299,075.00. Following the sale, the chief executive officer now directly owns 469,648 shares of the company's stock, valued at $82,188,400. This represents a 0.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,957 shares of company stock valued at $859,428 over the last three months. Corporate insiders own 1.00% of the company's stock.

CommVault Systems Trading Down 5.4%

NASDAQ:CVLT traded down $9.65 on Friday, reaching $170.52. 539,999 shares of the stock traded hands, compared to its average volume of 426,983. CommVault Systems, Inc. has a 1-year low of $117.81 and a 1-year high of $192.01. The company's 50 day moving average is $173.27 and its 200-day moving average is $166.57. The firm has a market capitalization of $7.52 billion, a price-to-earnings ratio of 100.23 and a beta of 0.75.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $262.52 million. CommVault Systems had a return on equity of 32.31% and a net margin of 7.64%. The firm's revenue was up 23.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.79 EPS. On average, equities research analysts forecast that CommVault Systems, Inc. will post 1.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CVLT shares. KeyCorp dropped their price target on CommVault Systems from $195.00 to $185.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Wall Street Zen upgraded shares of CommVault Systems from a "hold" rating to a "buy" rating in a research note 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 report on Wednesday, April 30th. Piper Sandler cut their price objective on CommVault Systems from $154.00 to $147.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Finally, Royal Bank Of Canada boosted their target price on shares of CommVault Systems from $175.00 to $185.00 and gave the stock a "sector perform" rating in a report on Wednesday, April 30th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $175.25.

CommVault Systems Company 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.