Champlain Investment Partners LLC Purchases 41,311 Shares of CommVault Systems, Inc. $CVLT

Champlain Investment Partners LLC boosted its holdings in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 13.6% in the 3rd quarter, Holdings Channel reports. The firm owned 344,455 shares of the software maker’s stock after buying an additional 41,311 shares during the period. Champlain Investment Partners LLC’s holdings in CommVault Systems were worth $65,026,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Cullen Frost Bankers Inc. raised its holdings in shares of CommVault Systems by 43.8% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 243 shares of the software maker’s stock worth $46,000 after buying an additional 74 shares in the last quarter. JSF Financial LLC raised its stake in CommVault Systems by 1.1% during the third quarter. JSF Financial LLC now owns 7,345 shares of the software maker’s stock worth $1,387,000 after acquiring an additional 82 shares in the last quarter. Farther Finance Advisors LLC raised its stake in CommVault Systems by 17.1% during the third quarter. Farther Finance Advisors LLC now owns 652 shares of the software maker’s stock worth $123,000 after acquiring an additional 95 shares in the last quarter. State of Michigan Retirement System lifted its holdings in shares of CommVault Systems by 1.0% in the second quarter. State of Michigan Retirement System now owns 10,612 shares of the software maker’s stock worth $1,850,000 after acquiring an additional 100 shares during the last quarter. Finally, Diversify Wealth Management LLC boosted its stake in shares of CommVault Systems by 1.6% in the 3rd quarter. Diversify Wealth Management LLC now owns 7,060 shares of the software maker’s stock valued at $1,333,000 after purchasing an additional 110 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Wall Street Zen upgraded shares of CommVault Systems from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. Zacks Research upgraded shares of CommVault Systems from a “hold” rating to a “strong-buy” rating in a report on Friday, January 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of CommVault Systems in a research note on Wednesday, January 21st. Oppenheimer reduced their price objective on CommVault Systems from $180.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 28th. Finally, Piper Sandler dropped their target price on CommVault Systems from $186.00 to $155.00 and set an “overweight” rating for the company in a research report on Monday, January 5th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $143.58.

CommVault Systems Price Performance

CommVault Systems stock opened at $85.31 on Tuesday. The stock’s 50 day moving average is $106.11 and its 200 day moving average is $139.04. CommVault Systems, Inc. has a one year low of $79.51 and a one year high of $200.68. The firm has a market cap of $3.75 billion, a P/E ratio of 43.97 and a beta of 0.59. The company has a debt-to-equity ratio of 4.06, a current ratio of 2.34 and a quick ratio of 2.34.

CommVault Systems (NASDAQ:CVLT) last released its earnings results on Tuesday, January 27th. The software maker reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.19. The business had revenue of $313.83 million during the quarter, compared to the consensus estimate of $299.07 million. CommVault Systems had a net margin of 7.58% and a return on equity of 37.38%. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.94 EPS. As a group, research analysts expect that CommVault Systems, Inc. will post 1.65 EPS for the current year.

Insider Buying and Selling at CommVault Systems

In related news, insider Gary Merrill sold 1,892 shares of CommVault Systems stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $91.28, for a total transaction of $172,701.76. Following the completion of the transaction, the insider owned 62,833 shares of the company’s stock, valued at $5,735,396.24. This trade represents a 2.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sanjay Mirchandani sold 6,480 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $90.28, for a total transaction of $585,014.40. Following the sale, the chief executive officer directly owned 352,919 shares in the company, valued at $31,861,527.32. This trade represents a 1.80% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 10,965 shares of company stock valued at $991,812. 1.00% of the stock is currently owned by corporate insiders.

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.