250 Shares in Commvault Systems, Inc. (NASDAQ:CVLT) Acquired by National Bank of Canada FI

National Bank of Canada FI bought a new stake in Commvault Systems, Inc. (NASDAQ:CVLT) during the second quarter, Holdings Channel reports. The institutional investor bought 250 shares of the software maker’s stock, valued at approximately $30,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC grew its position in Commvault Systems by 504.6% during the 2nd quarter. SG Americas Securities LLC now owns 13,016 shares of the software maker’s stock worth $1,582,000 after purchasing an additional 10,863 shares during the last quarter. Ontario Teachers Pension Plan Board raised its stake in Commvault Systems by 23.4% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 25,770 shares of the software maker’s stock valued at $2,614,000 after acquiring an additional 4,888 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Commvault Systems during the 1st quarter worth approximately $595,000. BOKF NA lifted its position in Commvault Systems by 55.3% during the 1st quarter. BOKF NA now owns 3,119 shares of the software maker’s stock worth $313,000 after acquiring an additional 1,110 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Commvault Systems in the 4th quarter valued at approximately $3,092,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CVLT. DA Davidson increased their price target on Commvault Systems from $170.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Guggenheim restated a “buy” rating and issued a $122.00 target price on shares of Commvault Systems in a research note on Tuesday, June 25th. StockNews.com lowered shares of Commvault Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 31st. Royal Bank of Canada raised their price objective on shares of Commvault Systems from $121.00 to $152.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 31st. Finally, Piper Sandler increased their target price on Commvault Systems from $107.00 to $123.00 and gave the stock a “neutral” rating in a research note on Monday, July 15th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Commvault Systems currently has an average rating of “Moderate Buy” and a consensus target price of $140.00.

Commvault Systems Stock Performance

CVLT opened at $147.81 on Monday. Commvault Systems, Inc. has a 1 year low of $63.70 and a 1 year high of $157.13. The company’s 50 day simple moving average is $140.02 and its 200 day simple moving average is $118.26. The stock has a market capitalization of $6.46 billion, a PE ratio of 39.31 and a beta of 0.60.

Commvault Systems (NASDAQ:CVLT) last announced its quarterly earnings data on Tuesday, July 30th. The software maker reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.12. The company had revenue of $224.67 million during the quarter, compared to analysts’ expectations of $215.54 million. Commvault Systems had a net margin of 20.19% and a return on equity of 32.16%. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.29 EPS. As a group, sell-side analysts expect that Commvault Systems, Inc. will post 1.66 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Allison Pickens sold 1,232 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $153.89, for a total transaction of $189,592.48. Following the completion of the sale, the director now owns 7,131 shares in the company, valued at approximately $1,097,389.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Gary Merrill sold 17,388 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $150.76, for a total transaction of $2,621,414.88. Following the completion of the sale, the insider now directly owns 94,530 shares of the company’s stock, valued at approximately $14,251,342.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Allison Pickens sold 1,232 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $153.89, for a total value of $189,592.48. Following the completion of the transaction, the director now directly owns 7,131 shares in the company, valued at $1,097,389.59. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

About Commvault Systems

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.