Man Group plc Takes $3.58 Million Position in CommVault Systems, Inc. $CVLT

Man Group plc purchased a new stake in CommVault Systems, Inc. (NASDAQ:CVLT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 25,230 shares of the software maker’s stock, valued at approximately $3,576,000.

Several other institutional investors have also recently bought and sold shares of CVLT. BlackRock Inc. acquired a new position in CommVault Systems during the 2nd quarter worth $855,420,000. Vanguard Group Inc. increased its stake in shares of CommVault Systems by 4.4% in the 4th quarter. Vanguard Group Inc. now owns 5,675,590 shares of the software maker’s stock valued at $711,492,000 after buying an additional 240,093 shares during the period. First Trust Advisors LP increased 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 buying an additional 312,178 shares during the period. Pictet Asset Management Holding SA raised its position in shares of CommVault Systems by 36.2% during the first quarter. Pictet Asset Management Holding SA now owns 1,239,225 shares of the software maker’s stock worth $96,447,000 after acquiring an additional 329,243 shares during the last quarter. Finally, Westfield Capital Management Co. LP raised its position in shares of CommVault Systems by 34.5% during the fourth quarter. Westfield Capital Management Co. LP now owns 1,057,077 shares of the software maker’s stock worth $132,515,000 after acquiring an additional 270,902 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Stephens raised their price target on CommVault Systems from $135.00 to $155.00 and gave the company an “overweight” rating in a report on Tuesday, June 16th. Mizuho boosted their price objective on CommVault Systems from $140.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. Oppenheimer upped their target price on shares of CommVault Systems from $150.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, July 17th. Piper Sandler lowered shares of CommVault Systems from an “overweight” rating to a “neutral” rating and set a $133.00 target price on the stock. in a research note on Tuesday, July 28th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $132.00 price target on shares of CommVault Systems in a research report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $152.47.

Insider Activity

In related news, Director Vivie Lee sold 595 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $134.19, for a total transaction of $79,843.05. Following the completion of the transaction, the director owned 15,140 shares in the company, valued at approximately $2,031,636.60. The trade was a 3.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gary Merrill sold 1,854 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $143.64, for a total transaction of $266,308.56. Following the completion of the sale, the chief financial officer directly owned 70,921 shares of the company’s stock, valued at $10,187,092.44. The trade was a 2.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 90 days, insiders have sold 29,602 shares of company stock valued at $4,240,541. 0.86% of the stock is currently owned by company insiders.

CommVault Systems Price Performance

Shares of CVLT opened at $137.52 on Tuesday. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 16.94. CommVault Systems, Inc. has a 1 year low of $71.75 and a 1 year high of $198.18. The stock has a market cap of $5.70 billion, a P/E ratio of 87.59 and a beta of 0.81. The stock’s 50-day moving average price is $139.52 and its two-hundred day moving average price is $111.79.

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

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.