Wellington Management Group LLP raised its stake in shares of CommVault Systems, Inc. (NASDAQ:CVLT – Free Report) by 57.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 402,054 shares of the software maker’s stock after purchasing an additional 146,055 shares during the period. Wellington Management Group LLP owned 0.97% of CommVault Systems worth $56,983,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in CommVault Systems during the second quarter valued at about $855,420,000. First Trust Advisors LP lifted its stake in shares of CommVault Systems by 25.5% in the 4th quarter. First Trust Advisors LP now owns 1,537,034 shares of the software maker’s stock valued at $192,683,000 after purchasing an additional 312,178 shares in the last quarter. Pictet Asset Management Holding SA grew 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 purchasing an additional 329,243 shares during the period. Westfield Capital Management Co. LP grew its holdings 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 purchasing an additional 270,902 shares during the period. Finally, AQR Capital Management LLC increased its position in 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 purchasing an additional 337,830 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.
Insider Transactions at CommVault Systems
In other CommVault Systems news, Director A. Shane Sanders sold 476 shares of CommVault Systems stock in a transaction that occurred 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 completion of the transaction, the director directly owned 8,696 shares in the company, valued at $1,166,916.24. The trade was a 5.19% decrease in their ownership of the stock. The sale 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. Also, CAO Danielle Abrahamsen sold 486 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $142.80, for a total value of $69,400.80. Following the transaction, the chief accounting officer directly owned 12,160 shares of the company’s stock, valued at $1,736,448. This trade represents a 3.84% 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. Insiders have sold a total of 29,602 shares of company stock valued at $4,240,541 over the last ninety days. Insiders own 0.86% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Stock Report on CVLT
CommVault Systems Price Performance
Shares of NASDAQ CVLT opened at $137.12 on Friday. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 16.94. The company has a market capitalization of $5.68 billion, a price-to-earnings ratio of 87.34 and a beta of 0.82. CommVault Systems, Inc. has a twelve month low of $71.75 and a twelve month high of $198.18. The business has a 50 day simple moving average of $139.68 and a 200-day simple moving average of $112.74.
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. CommVault Systems had a net margin of 5.62% and a return on equity of 88.75%. The firm had revenue of $314.13 million during the quarter, compared to analyst estimates of $310.43 million. During the same quarter in the previous year, the firm earned $1.01 earnings per share. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. As a group, equities research analysts expect that CommVault Systems, Inc. will post 2.84 earnings per share for the current year.
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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