Legacy Advisors LLC Has $1.89 Million Stock Holdings in CommVault Systems, Inc. (NASDAQ:CVLT)

Legacy Advisors LLC trimmed its holdings in CommVault Systems, Inc. (NASDAQ:CVLT) by 1.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,962 shares of the software maker’s stock after selling 131 shares during the period. Legacy Advisors LLC’s holdings in CommVault Systems were worth $1,887,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in CVLT. Quarry LP lifted its position in 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 acquiring an additional 151 shares in the last quarter. Whipplewood Advisors LLC raised 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 worth $27,000 after purchasing an additional 146 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of CommVault Systems by 208.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 185 shares of the software maker’s stock valued at $29,000 after purchasing an additional 125 shares in the last quarter. NBC Securities Inc. bought a new position in shares of CommVault Systems in the first quarter valued at approximately $43,000. Finally, Versant Capital Management Inc boosted its position in shares of CommVault Systems by 183.7% during the first quarter. Versant Capital Management Inc now owns 295 shares of the software maker’s stock valued at $47,000 after buying an additional 191 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

CommVault Systems Price Performance

Shares of CommVault Systems stock opened at $172.16 on Tuesday. The firm has a market cap of $7.60 billion, a PE ratio of 101.87 and a beta of 0.75. CommVault Systems, Inc. has a 1 year low of $118.07 and a 1 year high of $192.01. The stock has a fifty day moving average price of $174.00 and a 200-day moving average price of $166.45.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings data on Tuesday, April 29th. The software maker reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.10. The business had revenue of $275.04 million during the quarter, compared to the consensus estimate of $262.52 million. CommVault Systems had a net margin of 7.64% and a return on equity of 32.31%. The firm’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.79 earnings per share. As a group, equities analysts anticipate that CommVault Systems, Inc. will post 1.65 EPS for the current fiscal year.

Insider Buying and Selling at CommVault Systems

In other CommVault Systems news, CEO Sanjay Mirchandani sold 1,709 shares of the company’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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $254,610.00. Following the transaction, the director now owns 16,178 shares of the company’s stock, valued at $2,746,053.72. This represents a 8.49% 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 valued at $859,428. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on CVLT. KeyCorp lowered their price target on CommVault Systems from $195.00 to $185.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Oppenheimer lifted their price objective on shares of CommVault Systems from $180.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Royal Bank Of Canada increased their target price on shares of CommVault Systems from $175.00 to $185.00 and gave the company a “sector perform” rating in a report on Wednesday, April 30th. Piper Sandler dropped their price target 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 boosted their price target on shares of CommVault Systems from $180.00 to $190.00 and gave the stock an “overweight” 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. Based on data from MarketBeat.com, the company has a consensus 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.