Tudor Investment Corp ET AL Takes Position in CommVault Systems, Inc. $CVLT

Tudor Investment Corp ET AL acquired a new position in CommVault Systems, Inc. (NASDAQ:CVLT) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 10,000,000 shares of the software maker’s stock, valued at approximately $1,887,800,000. CommVault Systems accounts for 1.2% of Tudor Investment Corp ET AL’s holdings, making the stock its 17th largest position. Tudor Investment Corp ET AL owned approximately 22.68% of CommVault Systems as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. State of Wyoming bought a new position in CommVault Systems during the 2nd quarter worth approximately $35,000. Banque Cantonale Vaudoise bought a new stake in CommVault Systems in the third quarter valued at approximately $39,000. Cullen Frost Bankers Inc. boosted its stake in shares of CommVault Systems by 43.8% during the third quarter. Cullen Frost Bankers Inc. now owns 243 shares of the software maker’s stock valued at $46,000 after purchasing an additional 74 shares during the period. Assetmark Inc. grew 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 purchasing an additional 236 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of CommVault Systems by 188.3% in the second quarter. EverSource Wealth Advisors LLC now owns 271 shares of the software maker’s stock worth $47,000 after purchasing an additional 177 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

CommVault Systems Stock Up 0.5%

Shares of CommVault Systems stock opened at $80.55 on Thursday. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 4.06. CommVault Systems, Inc. has a 12-month low of $77.79 and a 12-month high of $200.68. The company has a market cap of $3.54 billion, a P/E ratio of 41.52 and a beta of 0.59. The company’s fifty day simple moving average is $95.68 and its two-hundred day simple moving average is $131.17.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CVLT shares. Truist Financial reiterated a “buy” rating and set a $155.00 price target (down from $175.00) on shares of CommVault Systems in a report on Wednesday, January 28th. KeyCorp decreased their price objective on shares of CommVault Systems from $152.00 to $108.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 28th. DA Davidson lowered their price objective on shares of CommVault Systems from $135.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday. Wall Street Zen upgraded shares of CommVault Systems from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. Finally, Royal Bank Of Canada reduced their price target on CommVault Systems from $167.00 to $100.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $142.75.

Insider Activity

In other CommVault Systems news, insider Gary Merrill sold 1,892 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $91.28, for a total transaction of $172,701.76. Following the transaction, the insider owned 62,833 shares in the company, valued at approximately $5,735,396.24. This represents a 2.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sanjay Mirchandani sold 10,052 shares of the stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $80.09, for a total value of $805,064.68. Following the completion of the transaction, the chief executive officer directly owned 332,529 shares of the company’s stock, valued at $26,632,247.61. This represents a 2.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 31,355 shares of company stock valued at $2,613,165 over the last 90 days. 1.00% of the stock is currently owned by company insiders.

CommVault Systems 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.