Universal Beteiligungs und Servicegesellschaft mbH Takes $14.81 Million Position in Commvault Systems, Inc. (NASDAQ:CVLT)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 98,163 shares of the software maker's stock, valued at approximately $14,814,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.22% of Commvault Systems as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Virtu Financial LLC raised its stake in Commvault Systems by 63.9% during the fourth quarter. Virtu Financial LLC now owns 8,243 shares of the software maker's stock worth $1,244,000 after acquiring an additional 3,214 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Commvault Systems by 0.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 632,870 shares of the software maker's stock valued at $95,506,000 after purchasing an additional 4,957 shares during the period. Banco Santander S.A. acquired a new stake in shares of Commvault Systems in the fourth quarter valued at approximately $833,000. New Age Alpha Advisors LLC acquired a new stake in shares of Commvault Systems in the fourth quarter valued at approximately $1,387,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Commvault Systems in the fourth quarter valued at approximately $367,000. Institutional investors and hedge funds own 93.50% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on CVLT shares. DA Davidson raised their price objective on shares of Commvault Systems from $185.00 to $200.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Wall Street Zen upgraded shares of Commvault Systems from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Guggenheim reiterated a "neutral" rating on shares of Commvault Systems in a research note on Wednesday, April 23rd. Oppenheimer raised their price objective on shares of Commvault Systems from $180.00 to $200.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Finally, KeyCorp lowered their price objective on shares of Commvault Systems from $195.00 to $185.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $175.25.

Insider Buying and Selling

In related news, Director Nicola Adamo sold 1,500 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the director now owns 16,178 shares of the company's stock, valued at approximately $2,746,053.72. This trade represents a 8.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Gary Merrill sold 1,748 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 89,923 shares of the company's stock, valued at $15,728,431.93. This represents a 1.91% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,957 shares of company stock worth $859,428. Corporate insiders own 1.00% of the company's stock.

Commvault Systems Stock Up 0.7%

NASDAQ:CVLT traded up $1.30 during trading hours on Tuesday, reaching $188.28. 145,451 shares of the company's stock were exchanged, compared to its average volume of 425,361. The company has a market capitalization of $8.31 billion, a P/E ratio of 49.42 and a beta of 0.71. Commvault Systems, Inc. has a 12 month low of $107.12 and a 12 month high of $190.11. The business's 50-day simple moving average is $164.91 and its two-hundred day simple moving average is $165.24.

Commvault Systems (NASDAQ:CVLT - Get Free Report) last issued its earnings results on Tuesday, April 29th. The software maker reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.10. The firm had revenue of $275.04 million during the quarter, compared to analysts' expectations of $262.52 million. Commvault Systems had a net margin of 18.14% and a return on equity of 28.69%. The firm's revenue for the quarter was up 23.2% compared to the same quarter last year. During the same period last year, the firm posted $0.79 earnings per share. As a group, sell-side analysts anticipate that Commvault Systems, Inc. will post 1.65 earnings per share for the current fiscal year.

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.