Maxi Investments CY Ltd Buys 3,900 Shares of CommVault Systems, Inc. $CVLT

Maxi Investments CY Ltd bought a new stake in CommVault Systems, Inc. (NASDAQ:CVLT) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 3,900 shares of the software maker’s stock, valued at approximately $585,000.

A number of other large investors have also recently modified their holdings of the business. GAMMA Investing LLC increased its stake in shares of CommVault Systems by 4.3% in the 3rd quarter. GAMMA Investing LLC now owns 1,626 shares of the software maker’s stock valued at $244,000 after purchasing an additional 67 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of CommVault Systems by 15.8% during the 2nd quarter. Versant Capital Management Inc now owns 595 shares of the software maker’s stock worth $84,000 after buying an additional 81 shares in the last quarter. Transamerica Financial Advisors LLC acquired a new position in shares of CommVault Systems during the 2nd quarter worth $25,000. HighTower Advisors LLC raised its holdings in shares of CommVault Systems by 6.8% during the 2nd quarter. HighTower Advisors LLC now owns 2,828 shares of the software maker’s stock worth $401,000 after buying an additional 181 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of CommVault Systems during the 2nd quarter worth $27,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CVLT. Wall Street Zen upgraded CommVault Systems from a “hold” rating to a “buy” rating in a research report on Sunday, October 18th. Oppenheimer lifted their target price on CommVault Systems from $150.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, July 17th. Jefferies Financial Group boosted their target price on CommVault Systems from $130.00 to $170.00 and gave the stock a “hold” rating in a research note on Monday. UBS Group reissued a “neutral” rating on shares of CommVault Systems in a report on Monday, July 27th. Finally, Truist Financial increased their target price on shares of CommVault Systems from $155.00 to $182.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.19.

CommVault Systems Stock Performance

Shares of CommVault Systems stock opened at $167.73 on Tuesday. The company’s 50 day moving average price is $145.68 and its two-hundred day moving average price is $118.31. The firm has a market capitalization of $6.95 billion, a P/E ratio of 67.75 and a beta of 0.79. CommVault Systems, Inc. has a fifty-two week low of $71.75 and a fifty-two week high of $175.02. The company has a debt-to-equity ratio of 16.94, a current ratio of 2.04 and a quick ratio of 2.04.

CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings results on Tuesday, July 28th. The software maker reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.26. The company 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%. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.01 earnings per share. On average, equities analysts forecast that CommVault Systems, Inc. will post 2.87 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Sanjay Mirchandani sold 12,437 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $143.98, for a total transaction of $1,790,679.26. Following the sale, the chief executive officer owned 269,373 shares of the company’s stock, valued at $38,784,324.54. This trade represents a 4.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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, CFO Gary Merrill sold 1,854 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $143.64, for a total value of $266,308.56. Following the sale, the chief financial officer owned 70,921 shares in the company, valued at $10,187,092.44. This represents a 2.55% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 29,348 shares of company stock worth $4,202,441 in the last ninety days. Insiders own 0.86% of the company’s stock.

About CommVault Systems

Commvault Systems, Inc develops data protection and cyber resilience software and services for businesses, government organizations and other institutions. Its platform is designed to help customers back up, recover, manage and secure data across on-premises infrastructure, private and public clouds, software-as-a-service applications and other distributed IT environments.

The company’s offerings include backup and recovery, disaster recovery, data security, ransomware protection, cyber-recovery capabilities and data management tools.