Louisiana State Employees Retirement System acquired a new stake in shares of CommVault Systems, Inc. (NASDAQ:CVLT – Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 12,800 shares of the software maker’s stock, valued at approximately $997,000.
A number of other hedge funds also recently bought and sold shares of CVLT. Evolve Private Wealth LLC purchased a new stake in shares of CommVault Systems during the 1st quarter worth $262,000. Diversified Trust Co raised its holdings in CommVault Systems by 28.2% in the first quarter. Diversified Trust Co now owns 11,301 shares of the software maker’s stock worth $880,000 after purchasing an additional 2,487 shares in the last quarter. Hsbc Holdings PLC lifted its position in shares of CommVault Systems by 22.0% during the fourth quarter. Hsbc Holdings PLC now owns 1,846 shares of the software maker’s stock valued at $232,000 after buying an additional 333 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of CommVault Systems by 61.6% in the 4th quarter. Pacer Advisors Inc. now owns 13,641 shares of the software maker’s stock valued at $1,710,000 after buying an additional 5,201 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in shares of CommVault Systems by 7,231.7% in the 4th quarter. Mackenzie Financial Corp now owns 205,653 shares of the software maker’s stock valued at $26,023,000 after buying an additional 202,848 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on CVLT. Stephens upped their price target on CommVault Systems from $135.00 to $155.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 16th. KeyCorp raised their price target on CommVault Systems from $108.00 to $125.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. William Blair restated a “market perform” rating on shares of CommVault Systems in a research note on Monday, March 23rd. Jefferies Financial Group started coverage on shares of CommVault Systems in a report on Monday, April 27th. They set a “hold” rating and a $105.00 price objective on the stock. Finally, Wall Street Zen cut shares of CommVault Systems from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $136.33.
CommVault Systems News Roundup
Here are the key news stories impacting CommVault Systems this week:
- Positive Sentiment: Wall Street sentiment appears upbeat, with a Zacks article highlighting bullish analyst views on Commvault Systems (CVLT), which could help support the stock. Article Title
- Positive Sentiment: A Seeking Alpha piece argued that Commvault’s SaaS transition, recurring revenue growth, and strong free cash flow could justify a higher valuation over time. Article Title
- Neutral Sentiment: Several law firms issued reminders and deadline notices tied to the existing CVLT securities class action, keeping the lawsuit in investors’ focus but not adding new allegations. Article Title
- Neutral Sentiment: Additional class-action updates say investors have until July 17 to seek lead-plaintiff status, reinforcing legal overhang but largely repeating prior notices. Article Title
- Negative Sentiment: New filings and attorney outreach from multiple firms expanded the securities-fraud case against Commvault, which can keep pressure on CVLT shares. Article Title
- Negative Sentiment: Investor alerts highlighted claims that Commvault’s stock fell sharply after disappointing results and that executives later sold stock, reinforcing concerns about governance and growth expectations. Article Title
CommVault Systems Price Performance
Shares of CVLT stock opened at $149.98 on Friday. CommVault Systems, Inc. has a fifty-two week low of $71.75 and a fifty-two week high of $200.68. The firm has a market capitalization of $6.21 billion, a PE ratio of 94.33 and a beta of 0.79. The company has a debt-to-equity ratio of 117.54, a quick ratio of 1.95 and a current ratio of 1.95. The stock’s 50-day simple moving average is $116.61 and its 200-day simple moving average is $104.73.
CommVault Systems (NASDAQ:CVLT – Get Free Report) last released its earnings results on Tuesday, April 28th. The software maker reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.19. The firm had revenue of $311.69 million during the quarter, compared to the consensus estimate of $306.71 million. CommVault Systems had a return on equity of 51.64% and a net margin of 5.97%.The company’s revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 earnings per share. Equities analysts expect that CommVault Systems, Inc. will post 2.86 earnings per share for the current year.
Insider Buying and Selling at CommVault Systems
In other CommVault Systems news, CFO Gary Merrill sold 4,554 shares of CommVault Systems stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $106.70, for a total transaction of $485,911.80. Following the completion of the sale, the chief financial officer directly owned 72,775 shares in the company, valued at approximately $7,765,092.50. The trade was a 5.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 277 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $106.70, for a total transaction of $29,555.90. Following the completion of the sale, the chief accounting officer directly owned 13,166 shares in the company, valued at $1,404,812.20. This trade represents a 2.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. In the last ninety days, insiders sold 55,025 shares of company stock worth $5,748,457. Company insiders own 0.86% of the company’s stock.
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.
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