Diversified Trust Co Has $864,000 Holdings in Commvault Systems, Inc. (NASDAQ:CVLT)

Diversified Trust Co raised its position in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 33.2% in the first quarter, HoldingsChannel.com reports. The firm owned 8,523 shares of the software maker’s stock after purchasing an additional 2,122 shares during the quarter. Diversified Trust Co’s holdings in Commvault Systems were worth $864,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Jump Financial LLC bought a new position in shares of Commvault Systems during the 4th quarter worth approximately $3,298,000. Los Angeles Capital Management LLC bought a new position in shares of Commvault Systems during the 4th quarter worth approximately $1,110,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Commvault Systems during the 4th quarter worth approximately $3,092,000. Seven Eight Capital LP bought a new position in shares of Commvault Systems in the 4th quarter worth $583,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Commvault Systems by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 5,426,814 shares of the software maker’s stock worth $366,907,000 after purchasing an additional 144,625 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Insider Activity

In other news, Director Charles E. Moran sold 11,000 shares of the company’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $110.83, for a total transaction of $1,219,130.00. Following the sale, the director now directly owns 10,967 shares in the company, valued at $1,215,472.61. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CFO Gary Merrill sold 661 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $110.58, for a total transaction of $73,093.38. Following the completion of the transaction, the chief financial officer now owns 114,373 shares of the company’s stock, valued at $12,647,366.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles E. Moran sold 11,000 shares of the business’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $110.83, for a total value of $1,219,130.00. Following the transaction, the director now directly owns 10,967 shares of the company’s stock, valued at approximately $1,215,472.61. The disclosure for this sale can be found here. Insiders have sold a total of 59,816 shares of company stock worth $6,613,874 over the last ninety days. Company insiders own 1.00% of the company’s stock.

Commvault Systems Stock Performance

Shares of Commvault Systems stock opened at $125.76 on Wednesday. Commvault Systems, Inc. has a 52-week low of $63.70 and a 52-week high of $126.12. The stock’s 50-day simple moving average is $111.76 and its 200 day simple moving average is $97.98. The stock has a market capitalization of $5.50 billion, a P/E ratio of 33.45 and a beta of 0.61.

Commvault Systems (NASDAQ:CVLT) last announced its quarterly earnings data on Tuesday, April 30th. The software maker reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.10. Commvault Systems had a return on equity of 31.27% and a net margin of 20.13%. The business had revenue of $223.29 million for the quarter, compared to analysts’ expectations of $213.00 million. Equities research analysts forecast that Commvault Systems, Inc. will post 1.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CVLT shares. DA Davidson lifted their price objective on shares of Commvault Systems from $125.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, June 14th. Wells Fargo & Company lifted their target price on Commvault Systems from $125.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, May 16th. Royal Bank of Canada lifted their target price on Commvault Systems from $97.00 to $112.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 1st. Guggenheim reiterated a “buy” rating and set a $122.00 target price on shares of Commvault Systems in a research note on Tuesday, June 25th. Finally, Lake Street Capital boosted their price objective on Commvault Systems from $86.00 to $98.00 and gave the company a “hold” rating in a research note on Wednesday, May 1st. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $124.50.

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.