Paralel Advisors LLC acquired a new position in shares of CommVault Systems, Inc. (NASDAQ:CVLT – Free Report) during the second quarter, Holdings Channel reports. The institutional investor acquired 29,664 shares of the software maker’s stock, valued at approximately $4,204,000. CommVault Systems accounts for 0.2% of Paralel Advisors LLC’s portfolio, making the stock its 26th largest holding.
Other institutional investors have also recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of CommVault Systems by 8.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 147,410 shares of the software maker’s stock valued at $23,255,000 after purchasing an additional 11,700 shares during the period. Sivia Capital Partners LLC acquired a new stake in CommVault Systems during the second quarter valued at $327,000. Cetera Investment Advisers grew its position in CommVault Systems by 13.4% during the second quarter. Cetera Investment Advisers now owns 2,486 shares of the software maker’s stock valued at $433,000 after buying an additional 294 shares during the period. EverSource Wealth Advisors LLC increased its holdings in CommVault Systems by 188.3% in the second 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 in the last quarter. Finally, Guggenheim Capital LLC raised its position in shares of CommVault Systems by 43.8% in the second quarter. Guggenheim Capital LLC now owns 4,245 shares of the software maker’s stock worth $740,000 after acquiring an additional 1,293 shares during the period. 93.50% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at CommVault Systems
In other CommVault Systems news, Director A Shane Sanders sold 476 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $134.19, for a total value of $63,874.44. Following the transaction, the director owned 8,696 shares in the company, valued at approximately $1,166,916.24. This trade represents a 5.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vivie Lee sold 595 shares of CommVault Systems stock in a transaction on Monday, August 10th. The stock was sold at an average price of $134.19, for a total transaction of $79,843.05. Following the sale, the director directly owned 15,140 shares in the company, valued at approximately $2,031,636.60. This trade represents a 3.78% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 34,433 shares of company stock worth $4,756,008 in the last quarter. 0.86% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Analysis on CVLT
CommVault Systems Price Performance
Shares of CommVault Systems stock opened at $131.63 on Friday. The business has a 50 day simple moving average of $138.49 and a two-hundred day simple moving average of $109.32. CommVault Systems, Inc. has a 12 month low of $71.75 and a 12 month high of $198.18. The stock has a market capitalization of $5.45 billion, a P/E ratio of 83.84 and a beta of 0.81. 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 – Get Free Report) last released its earnings results 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 business had revenue of $314.13 million for the quarter, compared to the consensus estimate of $310.43 million. CommVault Systems had a return on equity of 88.75% and a net margin of 5.62%.The business’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.01 earnings per share. As a group, analysts predict that CommVault Systems, Inc. will post 2.84 EPS for the current fiscal year.
Key Headlines Impacting CommVault Systems
Here are the key news stories impacting CommVault Systems this week:
- Positive Sentiment: Analysts maintain a consensus “Moderate Buy” rating, with an average price target of approximately $152.47. Recent targets include $155 from Stephens and $182 from Truist, although Piper Sandler downgraded the stock to neutral with a $133 target. CommVault Systems Given Consensus Rating of Moderate Buy by Analysts
- Positive Sentiment: Commvault’s latest quarterly results remain a supportive backdrop: earnings of $1.42 per share exceeded estimates by $0.26, revenue reached $314.13 million, and sales increased 11.4% year over year. CommVault Systems financial and analyst information
- Neutral Sentiment: CEO Sanjay Mirchandani sold 24,134 shares worth roughly $3.47 million from August 17–19. CFO Gary Merrill sold 3,147 shares worth about $451,000, while Chief Accounting Officer Danielle Abrahamsen sold 996 shares worth approximately $143,000. All reported sales were tied to tax withholding and left the executives with substantial remaining holdings. CommVault Systems insider buying and selling
- Negative Sentiment: The concentration of insider selling may create short-term supply and sentiment pressure, particularly with CVLT trading below its 50-day moving average and at a high valuation of more than 80 times earnings. Nevertheless, the planned, tax-related nature of the sales reduces the bearish significance.
About CommVault Systems
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.
Featured Stories
- Five stocks we like better than CommVault Systems
- 3 Energy Stocks Raising Dividends as the Sector Surges
- 5 Reasons the S&P 500 Could Keep Rallying Through Year-End
- Walmart’s Post-Earnings Drop Could Be a Buying Opportunity
- The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future
Want to see what other hedge funds are holding CVLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CommVault Systems, Inc. (NASDAQ:CVLT – Free Report).
Receive News & Ratings for CommVault Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CommVault Systems and related companies with MarketBeat.com's FREE daily email newsletter.
