EntryPoint Capital LLC Acquires 699 Shares of Commvault Systems, Inc. (NASDAQ:CVLT)

EntryPoint Capital LLC boosted its stake in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 123.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,263 shares of the software maker’s stock after acquiring an additional 699 shares during the period. EntryPoint Capital LLC’s holdings in Commvault Systems were worth $128,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Ontario Teachers Pension Plan Board boosted its holdings in shares of Commvault Systems by 23.4% in 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. Jump Financial LLC acquired a new position in shares of Commvault Systems in the 4th quarter valued at $3,298,000. Los Angeles Capital Management LLC acquired a new position in shares of Commvault Systems in the 4th quarter valued at $1,110,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Commvault Systems in the 4th quarter valued at $3,092,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of Commvault Systems by 44.9% in the 1st quarter. BNP Paribas Financial Markets now owns 78,281 shares of the software maker’s stock valued at $7,940,000 after purchasing an additional 24,243 shares during the period. 93.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Commvault Systems

In other Commvault Systems news, Director Charles E. Moran sold 11,000 shares of the firm’s stock in a transaction on 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 sale, the director now directly owns 10,967 shares in the company, valued at $1,215,472.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Charles E. Moran sold 11,000 shares of the firm’s stock in a transaction on 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 transaction, the director now directly owns 10,967 shares of the company’s stock, valued at $1,215,472.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Gary Merrill sold 661 shares of the firm’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $110.58, for a total value of $73,093.38. Following the transaction, the chief financial officer now directly owns 114,373 shares in the company, valued at $12,647,366.34. The disclosure for this sale can be found here. Over the last three months, insiders have sold 59,816 shares of company stock worth $6,613,874. 1.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CVLT has been the subject of a number of research analyst reports. KeyCorp upped their price objective on shares of Commvault Systems from $122.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 2nd. Guggenheim reaffirmed a “buy” rating and set a $122.00 target price on shares of Commvault Systems in a research note on Tuesday, June 25th. Piper Sandler raised their target price on shares of Commvault Systems from $107.00 to $123.00 and gave the company a “neutral” rating in a report on Monday, July 15th. Wells Fargo & Company raised their price objective on shares of Commvault Systems from $125.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, May 16th. Finally, Royal Bank of Canada raised their price objective on shares of Commvault Systems from $97.00 to $112.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 1st. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Commvault Systems presently has an average rating of “Moderate Buy” and an average target price of $124.29.

Commvault Systems Trading Up 1.6 %

NASDAQ:CVLT traded up $1.92 during trading hours on Friday, hitting $124.16. The stock had a trading volume of 49,377 shares, compared to its average volume of 330,616. Commvault Systems, Inc. has a 1-year low of $63.70 and a 1-year high of $127.94. The business has a 50 day simple moving average of $117.59 and a two-hundred day simple moving average of $102.93. The company has a market cap of $5.43 billion, a PE ratio of 32.51 and a beta of 0.61.

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

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.