38,482 Shares in CommVault Systems, Inc. $CVLT Bought by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. acquired a new stake in shares of CommVault Systems, Inc. (NASDAQ:CVLT) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 38,482 shares of the software maker’s stock, valued at approximately $7,265,000. Cookson Peirce & Co. Inc. owned about 0.09% of CommVault Systems as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of CVLT. Abich Financial Wealth Management LLC bought a new stake in shares of CommVault Systems during the 3rd quarter valued at about $61,000. Assetmark Inc. boosted its holdings in shares of CommVault Systems by 2,950.0% in the third quarter. Assetmark Inc. now owns 244 shares of the software maker’s stock worth $46,000 after buying an additional 236 shares during the last quarter. LSV Asset Management bought a new stake in CommVault Systems during the third quarter valued at approximately $57,000. Caprock Group LLC purchased a new stake in CommVault Systems during the third quarter valued at approximately $252,000. Finally, Portside Wealth Group LLC increased its holdings in CommVault Systems by 14.6% during the third quarter. Portside Wealth Group LLC now owns 4,849 shares of the software maker’s stock valued at $915,000 after buying an additional 617 shares during the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CVLT shares. Truist Financial reissued a “buy” rating and set a $155.00 price objective (down previously from $175.00) on shares of CommVault Systems in a research report on Wednesday, January 28th. Guggenheim cut their price target on CommVault Systems from $200.00 to $175.00 and set a “buy” rating for the company in a report on Wednesday, January 28th. Royal Bank Of Canada reduced their price target on CommVault Systems from $167.00 to $100.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 28th. Cantor Fitzgerald lowered their price objective on CommVault Systems from $144.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 28th. Finally, DA Davidson cut their price objective on CommVault Systems from $185.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $143.58.

CommVault Systems Price Performance

NASDAQ:CVLT opened at $87.30 on Friday. The business’s 50-day simple moving average is $114.48 and its two-hundred day simple moving average is $147.80. CommVault Systems, Inc. has a 52 week low of $79.51 and a 52 week high of $200.68. The stock has a market cap of $3.84 billion, a PE ratio of 45.00 and a beta of 0.59. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 4.06.

CommVault Systems (NASDAQ:CVLT) last released its quarterly earnings data on Tuesday, January 27th. The software maker reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.19. The firm had revenue of $313.83 million during the quarter, compared to analyst estimates of $299.07 million. CommVault Systems had a return on equity of 37.38% and a net margin of 7.58%.The business’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.94 earnings per share. As a group, analysts forecast that CommVault Systems, Inc. will post 1.65 EPS for the current fiscal year.

Insider Buying and Selling at CommVault Systems

In related news, insider Gary Merrill sold 1,845 shares of the company’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $122.40, for a total transaction of $225,828.00. Following the completion of the transaction, the insider owned 67,318 shares in the company, valued at approximately $8,239,723.20. This represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sanjay Mirchandani sold 13,109 shares of the firm’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $121.15, for a total transaction of $1,588,155.35. Following the transaction, the chief executive officer directly owned 359,260 shares of the company’s stock, valued at $43,524,349. The trade was a 3.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 33,111 shares of company stock valued at $4,058,851 in the last three months. 1.00% of the stock is currently owned by corporate insiders.

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.