SummitTX Capital L.P. Buys Shares of 6,110 CommVault Systems, Inc. $CVLT

SummitTX Capital L.P. purchased a new position in shares of CommVault Systems, Inc. (NASDAQ:CVLT) in the first quarter, Holdings Channel reports. The fund purchased 6,110 shares of the software maker’s stock, valued at approximately $476,000.

Several other institutional investors and hedge funds also recently modified their holdings of CVLT. State of Wyoming bought a new stake in shares of CommVault Systems during the second quarter valued at about $35,000. FNY Investment Advisers LLC acquired a new stake in CommVault Systems in the fourth quarter worth about $36,000. Banque Cantonale Vaudoise bought a new position in CommVault Systems in the 3rd quarter valued at about $39,000. Assetmark Inc. grew its position in CommVault Systems by 33.6% in the 4th quarter. Assetmark Inc. now owns 326 shares of the software maker’s stock valued at $41,000 after buying an additional 82 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in CommVault Systems by 188.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 271 shares of the software maker’s stock valued at $47,000 after buying an additional 177 shares during the period. Institutional investors own 93.50% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on CVLT. Oppenheimer boosted their price target on shares of CommVault Systems from $150.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, July 17th. 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 report on Thursday, July 16th. Robert W. Baird lowered their price objective on shares of CommVault Systems from $185.00 to $160.00 and set an “outperform” rating on the stock in a research note on Monday, April 13th. Stephens boosted their target price on CommVault Systems from $135.00 to $155.00 and gave the stock an “overweight” rating in a report on Tuesday, June 16th. Finally, Wall Street Zen raised CommVault Systems from a “hold” rating to a “buy” rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $152.47.

CommVault Systems Price Performance

Shares of CommVault Systems stock opened at $117.80 on Friday. CommVault Systems, Inc. has a 52 week low of $71.75 and a 52 week high of $198.18. The company has a current ratio of 2.04, a quick ratio of 1.95 and a debt-to-equity ratio of 16.94. The stock has a market cap of $4.88 billion, a PE ratio of 75.03 and a beta of 0.79. The company’s 50-day moving average price is $132.89 and its two-hundred day moving average price is $107.00.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings data on Tuesday, July 28th. The software maker reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.26. The company had revenue of $314.13 million during the quarter, compared to analyst estimates of $310.43 million. CommVault Systems had a net margin of 5.62% and a return on equity of 88.75%. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.01 EPS. As a group, sell-side analysts anticipate that CommVault Systems, Inc. will post 2.85 EPS for the current fiscal year.

Insider Activity at CommVault Systems

In other CommVault Systems news, CEO Sanjay Mirchandani sold 8,450 shares of CommVault Systems stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $99.13, for a total value of $837,648.50. Following the transaction, the chief executive officer owned 306,927 shares in the company, valued at approximately $30,425,673.51. The trade was a 2.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Danielle Nicole Abrahamsen sold 254 shares of the company’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $150.00, for a total value of $38,100.00. Following the completion of the transaction, the chief accounting officer directly owned 13,156 shares in the company, valued at $1,973,400. This represents a 1.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 55,279 shares of company stock valued at $5,786,557 over the last ninety days. Insiders own 0.86% 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.