Voya Investment Management LLC Reduces Holdings in CommVault Systems, Inc. $CVLT

Voya Investment Management LLC decreased its stake in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 28.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,130 shares of the software maker’s stock after selling 5,293 shares during the period. Voya Investment Management LLC’s holdings in CommVault Systems were worth $2,479,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CVLT. Versor Investments LP grew its stake in shares of CommVault Systems by 158.6% in the 2nd quarter. Versor Investments LP now owns 4,396 shares of the software maker’s stock worth $766,000 after buying an additional 2,696 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in CommVault Systems by 23.8% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,750 shares of the software maker’s stock worth $305,000 after acquiring an additional 336 shares in the last quarter. Vise Technologies Inc. bought a new stake in CommVault Systems in the second quarter worth $429,000. Allworth Financial LP grew its stake in shares of CommVault Systems by 19,656.7% in the second quarter. Allworth Financial LP now owns 11,854 shares of the software maker’s stock worth $2,067,000 after acquiring an additional 11,794 shares during the last quarter. Finally, Bailard Inc. bought a new position in shares of CommVault Systems during the second quarter valued at $704,000. 93.50% of the stock is owned by institutional investors.

CommVault Systems Stock Performance

Shares of NASDAQ CVLT opened at $128.40 on Friday. The firm’s 50-day moving average price is $131.79 and its 200-day moving average price is $162.79. CommVault Systems, Inc. has a 52-week low of $114.46 and a 52-week high of $200.68. The company has a market cap of $5.66 billion, a PE ratio of 72.14 and a beta of 0.60. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 4.18.

CommVault Systems (NASDAQ:CVLT) last released its quarterly earnings data on Tuesday, October 28th. The software maker reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.04). CommVault Systems had a net margin of 7.32% and a return on equity of 31.53%. The company had revenue of $276.19 million for the quarter, compared to analysts’ expectations of $273.31 million. During the same period in the previous year, the firm earned $0.83 earnings per share. The firm’s revenue for the quarter was up 18.4% on a year-over-year basis. As a group, analysts anticipate that CommVault Systems, Inc. will post 1.65 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CVLT shares. Cantor Fitzgerald dropped their price target on shares of CommVault Systems from $189.00 to $144.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 29th. Baird R W upgraded shares of CommVault Systems to a “strong-buy” rating in a research note on Monday, October 27th. Piper Sandler upgraded shares of CommVault Systems from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $195.00 to $200.00 in a research note on Monday, October 13th. Royal Bank Of Canada cut their price target on shares of CommVault Systems from $217.00 to $167.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 29th. Finally, DA Davidson reissued a “buy” rating and set a $220.00 price target on shares of CommVault Systems in a research report on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $194.64.

Insider Buying and Selling at CommVault Systems

In other CommVault Systems news, CFO Jennifer Leigh Dirico sold 830 shares of the stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $123.58, for a total value of $102,571.40. Following the transaction, the chief financial officer owned 44,313 shares of the company’s stock, valued at approximately $5,476,200.54. This represents a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sanjay Mirchandani sold 13,109 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $121.15, for a total value of $1,588,155.35. Following the completion of the transaction, the chief executive officer directly owned 359,260 shares in the company, valued at $43,524,349. The trade was a 3.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 33,111 shares of company stock worth $4,058,851. Insiders own 1.00% of the company’s stock.

CommVault Systems Company Profile

Commvault Systems, Inc is a global provider of data protection and information management software designed to help organizations manage, protect, and activate data across on-premises and cloud environments. Founded in 1996 and headquartered in Tinton Falls, New Jersey, Commvault offers a suite of integrated products and services that enable enterprises to back up, recover, archive, and analyze data. Its flagship solutions include Commvault Complete Data Protection, Commvault HyperScale, and the SaaS-based Metallic portfolio, which deliver scalable and automated data management capabilities across hybrid infrastructure environments.

Commvault’s platform is built on a unified architecture that allows customers to streamline operations, reduce complexity, and ensure data resiliency.