Sheaff Brock Investment Advisors LLC Purchases New Stake in CommVault Systems, Inc. (NASDAQ:CVLT)

Key Points

• Sheaff Brock Investment Advisors LLC acquired 11,910 shares of CommVault Systems, valued at approximately $1.88 million during the first quarter, as disclosed in its recent SEC filing.
• Commvault Systems reported a 23.2% increase in quarterly revenue year-over-year, with earnings per share (EPS) of $1.03 exceeding analyst expectations of $0.93.
• Recent analyst reports include upgrades, with Wall Street Zen changing its rating from "hold" to "buy" and target prices varying from $185 to $215, indicating strong investor interest and confidence in the company's future growth.

Sheaff Brock Investment Advisors LLC purchased a new stake in CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,910 shares of the software maker's stock, valued at approximately $1,879,000.

Other institutional investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. boosted its stake in shares of CommVault Systems by 101.3% in the first quarter. SBI Securities Co. Ltd. now owns 159 shares of the software maker's stock valued at $25,000 after buying an additional 80 shares in the last quarter. 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 valued at $25,000 after buying an additional 151 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new stake in shares of CommVault Systems in the first quarter valued at approximately $27,000. Whipplewood Advisors LLC boosted its stake in shares of CommVault Systems by 584.0% in the first quarter. Whipplewood Advisors LLC now owns 171 shares of the software maker's stock valued at $27,000 after buying an additional 146 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in 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 purchasing an additional 125 shares in the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

CommVault Systems Trading Down 1.0%

CommVault Systems stock opened at $164.35 on Monday. The firm has a market capitalization of $7.32 billion, a P/E ratio of 97.25 and a beta of 0.73. The stock has a fifty day moving average price of $176.26 and a 200 day moving average price of $168.19. CommVault Systems, Inc. has a 52 week low of $121.78 and a 52 week high of $192.01.

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

Insiders Place Their Bets

In other news, Director Nicola Adamo sold 1,500 shares of the 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 completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gary Merrill sold 1,748 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $174.91, for a total value of $305,742.68. Following the completion of the sale, the insider owned 89,923 shares of the company's stock, valued at approximately $15,728,431.93. This trade represents a 1.91% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,957 shares of company stock worth $859,428 over the last three months. 1.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CVLT has been the topic of a number of research analyst reports. Wall Street Zen upgraded CommVault Systems from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. DA Davidson decreased their target price on CommVault Systems from $215.00 to $200.00 and set a "buy" rating on the stock in a research report on Wednesday, July 16th. Wells Fargo & Company boosted their target price on CommVault Systems from $180.00 to $190.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Guggenheim upgraded CommVault Systems from a "neutral" rating to a "buy" rating and set a $210.00 target price on the stock in a research report on Wednesday, July 16th. Finally, Royal Bank Of Canada boosted their target price on CommVault Systems from $175.00 to $185.00 and gave the stock a "sector perform" rating in a research report on Wednesday, April 30th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $189.13.

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.

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