Quantinno Capital Management LP Acquires 40,554 Shares of CommVault Systems, Inc. $CVLT

Quantinno Capital Management LP grew its holdings in CommVault Systems, Inc. (NASDAQ:CVLT) by 100.5% during the first quarter, Holdings Channel reports. The firm owned 80,922 shares of the software maker’s stock after acquiring an additional 40,554 shares during the quarter. Quantinno Capital Management LP’s holdings in CommVault Systems were worth $6,303,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CVLT. Vanguard Group Inc. increased its holdings in CommVault Systems by 4.4% in the fourth quarter. Vanguard Group Inc. now owns 5,675,590 shares of the software maker’s stock worth $711,492,000 after purchasing an additional 240,093 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of CommVault Systems by 25.5% during the 4th quarter. First Trust Advisors LP now owns 1,537,034 shares of the software maker’s stock worth $192,683,000 after buying an additional 312,178 shares in the last quarter. Pictet Asset Management Holding SA boosted its holdings in shares of CommVault Systems by 36.2% during the 1st quarter. Pictet Asset Management Holding SA now owns 1,239,225 shares of the software maker’s stock worth $96,447,000 after buying an additional 329,243 shares in the last quarter. Westfield Capital Management Co. LP grew its position in shares of CommVault Systems by 34.5% during the 4th quarter. Westfield Capital Management Co. LP now owns 1,057,077 shares of the software maker’s stock worth $132,515,000 after buying an additional 270,902 shares during the period. Finally, 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 worth $155,744,000 after buying an additional 337,830 shares during the period. Institutional investors own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Truist Financial boosted their target price on shares of CommVault Systems from $155.00 to $182.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Wolfe Research started coverage on shares of CommVault Systems in a report on Friday, May 1st. They issued a “peer perform” rating for the company. Royal Bank Of Canada lifted their price target on shares of CommVault Systems from $100.00 to $110.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 29th. DA Davidson set a $175.00 price objective on shares of CommVault Systems in a report on Wednesday, July 29th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $130.00 target price on shares of CommVault Systems in a research note on Wednesday, July 29th. One research 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 company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $152.47.

Insider Buying and Selling at CommVault Systems

In other news, CAO Danielle Nicole Abrahamsen sold 1,065 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $105.84, for a total transaction of $112,719.60. Following the completion of the sale, the chief accounting officer directly owned 13,581 shares of the company’s stock, valued at $1,437,413.04. The trade was a 7.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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, CEO Sanjay Mirchandani sold 19,396 shares of the company’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $105.49, for a total transaction of $2,046,084.04. Following the completion of the sale, the chief executive officer owned 315,377 shares in the company, valued at $33,269,119.73. This represents a 5.79% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. Over the last three months, insiders have sold 55,279 shares of company stock valued at $5,786,557. Corporate insiders own 0.86% of the company’s stock.

CommVault Systems Price Performance

Shares of NASDAQ:CVLT opened at $133.17 on Thursday. CommVault Systems, Inc. has a twelve month low of $71.75 and a twelve month high of $198.18. The stock’s 50 day moving average is $134.24 and its 200-day moving average is $106.97. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 16.94. The firm has a market capitalization of $5.52 billion, a price-to-earnings ratio of 84.82 and a beta of 0.81.

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

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.