Benjamin Edwards Inc. Takes $268,000 Position in Commvault Systems, Inc. (NASDAQ:CVLT)

Benjamin Edwards Inc. bought a new position in Commvault Systems, Inc. (NASDAQ:CVLT) in the third quarter, according to its most recent filing with the SEC. The firm bought 1,745 shares of the software maker’s stock, valued at approximately $268,000.

Several other large investors also recently bought and sold shares of the stock. National Bank of Canada FI acquired a new stake in shares of Commvault Systems during the second quarter worth $30,000. Capital Performance Advisors LLP acquired a new stake in Commvault Systems during the 3rd quarter worth about $33,000. Signaturefd LLC grew its stake in Commvault Systems by 70.8% during the 2nd quarter. Signaturefd LLC now owns 410 shares of the software maker’s stock valued at $50,000 after purchasing an additional 170 shares during the last quarter. Strategic Financial Concepts LLC purchased a new stake in Commvault Systems during the 2nd quarter valued at about $56,000. Finally, DT Investment Partners LLC acquired a new position in shares of Commvault Systems in the second quarter valued at about $69,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Commvault Systems Stock Up 0.5 %

NASDAQ:CVLT opened at $173.12 on Wednesday. Commvault Systems, Inc. has a 52 week low of $73.33 and a 52 week high of $178.72. The stock’s 50-day moving average price is $161.32 and its 200-day moving average price is $143.57. The stock has a market capitalization of $7.57 billion, a PE ratio of 43.83 and a beta of 0.61.

Commvault Systems (NASDAQ:CVLT) last issued its quarterly earnings data on Tuesday, October 29th. The software maker reported $0.83 EPS for the quarter, beating the consensus estimate of $0.76 by $0.07. The company had revenue of $233.28 million for the quarter, compared to analyst estimates of $220.76 million. Commvault Systems had a return on equity of 31.62% and a net margin of 19.75%. Commvault Systems’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same period last year, the company earned $0.30 earnings per share. Sell-side analysts expect that Commvault Systems, Inc. will post 1.66 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CVLT. Guggenheim lowered Commvault Systems from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 15th. Oppenheimer assumed coverage on shares of Commvault Systems in a report on Wednesday, November 13th. They issued an “outperform” rating and a $200.00 price objective on the stock. Royal Bank of Canada raised their target price on shares of Commvault Systems from $164.00 to $182.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. DA Davidson upped their price target on shares of Commvault Systems from $170.00 to $175.00 and gave the company a “buy” rating in a report on Friday, September 6th. Finally, StockNews.com lowered Commvault Systems from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $151.25.

Insider Buying and Selling

In related news, insider Gary Merrill sold 1,523 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $164.89, for a total value of $251,127.47. Following the transaction, the insider now directly owns 93,007 shares of the company’s stock, valued at approximately $15,335,924.23. This trade represents a 1.61 % decrease in their position. 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 business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $172.50, for a total value of $212,520.00. Following the sale, the director now owns 5,899 shares of the company’s stock, valued at approximately $1,017,577.50. This trade represents a 17.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,530 shares of company stock valued at $2,244,755. 1.00% of the stock is owned by corporate insiders.

Commvault Systems 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.