Ieq Capital LLC Invests $6.94 Million in CommVault Systems, Inc. $CVLT

Ieq Capital LLC acquired a new stake in CommVault Systems, Inc. (NASDAQ:CVLT) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 48,973 shares of the software maker’s stock, valued at approximately $6,941,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in CommVault Systems by 8.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 147,410 shares of the software maker’s stock worth $23,255,000 after purchasing an additional 11,700 shares during the period. Sivia Capital Partners LLC purchased a new stake in shares of CommVault Systems during the second quarter worth approximately $327,000. Cetera Investment Advisers raised its holdings in CommVault Systems by 13.4% in the second quarter. Cetera Investment Advisers now owns 2,486 shares of the software maker’s stock valued at $433,000 after acquiring an additional 294 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in CommVault Systems by 188.3% in the second quarter. EverSource Wealth Advisors LLC now owns 271 shares of the software maker’s stock valued at $47,000 after acquiring an additional 177 shares in the last quarter. Finally, Guggenheim Capital LLC lifted its stake in CommVault Systems by 43.8% in the second quarter. Guggenheim Capital LLC now owns 4,245 shares of the software maker’s stock worth $740,000 after acquiring an additional 1,293 shares during the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

CommVault Systems Stock Performance

Shares of CommVault Systems stock opened at $133.81 on Monday. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 16.94. CommVault Systems, Inc. has a 52 week low of $71.75 and a 52 week high of $198.18. The firm’s 50 day moving average is $138.61 and its two-hundred day moving average is $109.64. The firm has a market capitalization of $5.55 billion, a P/E ratio of 85.23 and a beta of 0.81.

CommVault Systems (NASDAQ:CVLT) last issued its quarterly earnings data on Tuesday, July 28th. The software maker reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.26. CommVault Systems had a net margin of 5.62% and a return on equity of 88.75%. The business had revenue of $314.13 million during the quarter, compared to the consensus estimate of $310.43 million. During the same quarter in the previous year, the firm earned $1.01 EPS. The company’s revenue was up 11.4% compared to the same quarter last year. Research analysts forecast that CommVault Systems, Inc. will post 2.84 EPS for the current fiscal year.

Insider Activity

In other news, Director Vivie Lee sold 595 shares of CommVault Systems stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $134.19, for a total transaction of $79,843.05. Following the sale, the director owned 15,140 shares in the company, valued at approximately $2,031,636.60. The trade was a 3.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director A Shane Sanders sold 476 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $134.19, for a total value of $63,874.44. Following the completion of the sale, the director directly owned 8,696 shares of the company’s stock, valued at $1,166,916.24. The trade was a 5.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 34,433 shares of company stock worth $4,756,008 over the last three months. Company insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. KeyCorp increased their price objective on shares of CommVault Systems from $125.00 to $175.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Mizuho lifted their price objective on shares of CommVault Systems from $140.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 15th. DA Davidson set a $175.00 price objective on shares of CommVault Systems in a research report on Wednesday, July 29th. UBS Group reiterated a “neutral” rating on shares of CommVault Systems in a research note on Monday, July 27th. Finally, Scotiabank reissued a “sector perform” rating and issued a $130.00 target price on shares of CommVault Systems in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $152.47.

About CommVault Systems

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.