CommVault Systems, Inc. $CVLT Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 4.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 5,675,590 shares of the software maker’s stock after purchasing an additional 240,093 shares during the quarter. Vanguard Group Inc. owned about 0.13% of CommVault Systems worth $711,492,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Tudor Investment Corp ET AL acquired a new stake in CommVault Systems during the 3rd quarter worth about $1,887,800,000. First Trust Advisors LP grew its position in shares of CommVault Systems by 1,335.8% during the 3rd quarter. First Trust Advisors LP now owns 1,224,856 shares of the software maker’s stock valued at $231,228,000 after acquiring an additional 1,139,547 shares during the period. AQR Capital Management LLC grew its position in shares of CommVault Systems by 60.8% during the 2nd quarter. AQR Capital Management LLC now owns 893,385 shares of the software maker’s stock valued at $155,744,000 after acquiring an additional 337,830 shares during the period. Westfield Capital Management Co. LP grew its position in shares of CommVault Systems by 135.6% during the 3rd quarter. Westfield Capital Management Co. LP now owns 786,175 shares of the software maker’s stock valued at $148,414,000 after acquiring an additional 452,422 shares during the period. Finally, Congress Asset Management Co. grew its position in shares of CommVault Systems by 7.8% during the 4th quarter. Congress Asset Management Co. now owns 643,509 shares of the software maker’s stock valued at $80,670,000 after acquiring an additional 46,511 shares during the period. 93.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CVLT. Wall Street Zen upgraded CommVault Systems from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Research upgraded CommVault Systems from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 30th. Oppenheimer decreased their target price on CommVault Systems from $180.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 28th. Scotiabank increased their target price on CommVault Systems from $105.00 to $110.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 29th. Finally, Stephens decreased their target price on CommVault Systems from $162.00 to $135.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $135.00.

Insider Transactions at CommVault Systems

In related news, CEO Sanjay Mirchandani sold 10,338 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $78.96, for a total value of $816,288.48. Following the transaction, the chief executive officer directly owned 342,581 shares of the company’s stock, valued at approximately $27,050,195.76. This trade represents a 2.93% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Gary Merrill sold 2,593 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $90.28, for a total transaction of $234,096.04. Following the completion of the transaction, the insider directly owned 64,725 shares in the company, valued at $5,843,373. This represents a 3.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 31,355 shares of company stock worth $2,613,165 over the last ninety days. 1.00% of the stock is currently owned by corporate insiders.

CommVault Systems Stock Performance

Shares of CommVault Systems stock opened at $99.57 on Monday. The firm has a market capitalization of $4.38 billion, a PE ratio of 62.62 and a beta of 0.77. CommVault Systems, Inc. has a twelve month low of $71.75 and a twelve month high of $200.68. The firm’s 50-day moving average price is $85.57 and its 200 day moving average price is $109.63. The company has a current ratio of 1.95, a quick ratio of 2.34 and a debt-to-equity ratio of 117.54.

CommVault Systems (NASDAQ:CVLT) last issued its quarterly earnings results on Tuesday, April 28th. The software maker reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.19. The firm had revenue of $311.69 million for the quarter, compared to analyst estimates of $306.71 million. CommVault Systems had a net margin of 5.97% and a return on equity of 51.64%. CommVault Systems’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the company posted $1.03 EPS. On average, sell-side analysts predict that CommVault Systems, Inc. will post 2.86 EPS for the current fiscal year.

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.