Virtus Advisers LLC Buys New Position in CommVault Systems, Inc. $CVLT

Virtus Advisers LLC bought a new position in CommVault Systems, Inc. (NASDAQ:CVLT) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 6,769 shares of the software maker’s stock, valued at approximately $959,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Boston Trust Walden Corp bought a new stake in shares of CommVault Systems in the 4th quarter valued at $30,830,000. Intech Investment Management LLC lifted its stake in shares of CommVault Systems by 52.4% in the fourth quarter. Intech Investment Management LLC now owns 86,634 shares of the software maker’s stock valued at $10,860,000 after buying an additional 29,796 shares in the last quarter. Epoch Investment Partners Inc. acquired a new position in CommVault Systems during the 4th quarter valued at about $27,278,000. Madison Asset Management LLC boosted its position in shares of CommVault Systems by 39.7% during the first quarter. Madison Asset Management LLC now owns 33,459 shares of the software maker’s stock valued at $2,606,000 after buying an additional 9,512 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in CommVault Systems by 410.8% during the 4th quarter. BNP Paribas Financial Markets now owns 320,468 shares of the software maker’s stock worth $40,174,000 after acquiring an additional 257,729 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors.

Insider Buying and Selling at CommVault Systems

In other news, CAO Danielle Nicole Abrahamsen sold 486 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $142.80, for a total value of $69,400.80. Following the completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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, Director Vivie Lee sold 595 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $134.19, for a total value of $79,843.05. Following the sale, the director owned 15,140 shares in the company, valued at approximately $2,031,636.60. This represents a 3.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 34,433 shares of company stock valued at $4,756,008. Insiders own 0.86% of the company’s stock.

CommVault Systems Stock Performance

Shares of CVLT opened at $131.63 on Friday. CommVault Systems, Inc. has a 1 year low of $71.75 and a 1 year high of $198.18. The company has a debt-to-equity ratio of 16.94, a current ratio of 2.04 and a quick ratio of 2.04. The stock’s fifty day moving average price is $138.49 and its two-hundred day moving average price is $109.32. The firm has a market cap of $5.45 billion, a PE ratio of 83.84 and a beta of 0.81.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings results on Tuesday, July 28th. The software maker reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.26. CommVault Systems had a return on equity of 88.75% and a net margin of 5.62%.The company had revenue of $314.13 million during the quarter, compared to the consensus estimate of $310.43 million. During the same quarter in the prior year, the company earned $1.01 EPS. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. On average, equities research analysts forecast that CommVault Systems, Inc. will post 2.84 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on CVLT. Zacks Research lowered CommVault Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Wall Street Zen downgraded shares of CommVault Systems from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Truist Financial increased their price target on shares of CommVault Systems from $155.00 to $182.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Weiss Ratings upgraded shares of CommVault Systems from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 16th. Finally, Oppenheimer raised their price objective on shares of CommVault Systems from $150.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $152.47.

Key CommVault Systems News

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.

CommVault Systems Company 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.