Robeco Institutional Asset Management B.V. Grows Stock Holdings in CommVault Systems, Inc. $CVLT

Robeco Institutional Asset Management B.V. lifted its stake in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 24.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 69,325 shares of the software maker’s stock after acquiring an additional 13,517 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.16% of CommVault Systems worth $13,087,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State of Wyoming bought a new position in CommVault Systems in the second quarter worth approximately $35,000. EverSource Wealth Advisors LLC lifted its holdings in shares of CommVault Systems by 188.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 271 shares of the software maker’s stock worth $47,000 after buying an additional 177 shares during the period. True Wealth Design LLC grew its position in shares of CommVault Systems by 244.6% during the 3rd quarter. True Wealth Design LLC now owns 286 shares of the software maker’s stock worth $54,000 after buying an additional 203 shares in the last quarter. Employees Retirement System of Texas bought a new position in shares of CommVault Systems during the 2nd quarter worth $55,000. Finally, Reyes Financial Architecture Inc. purchased a new position in shares of CommVault Systems during the second quarter valued at $98,000. Institutional investors own 93.50% of the company’s stock.

CommVault Systems Trading Down 3.4%

NASDAQ:CVLT opened at $124.14 on Friday. CommVault Systems, Inc. has a 52 week low of $114.46 and a 52 week high of $200.68. The firm has a 50 day moving average of $125.31 and a 200 day moving average of $159.36. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 4.18. The stock has a market capitalization of $5.47 billion, a price-to-earnings ratio of 69.74 and a beta of 0.57.

CommVault Systems (NASDAQ:CVLT) last released its quarterly earnings results on Tuesday, October 28th. The software maker reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.04). CommVault Systems had a return on equity of 31.53% and a net margin of 7.32%.The firm had revenue of $276.19 million during the quarter, compared to analysts’ expectations of $273.31 million. During the same period in the prior year, the firm posted $0.83 earnings per share. CommVault Systems’s revenue for the quarter was up 18.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that CommVault Systems, Inc. will post 1.65 earnings per share for the current fiscal year.

Insider Activity at CommVault Systems

In other news, CEO Sanjay Mirchandani sold 14,653 shares of the business’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $123.65, for a total transaction of $1,811,843.45. Following the sale, the chief executive officer owned 372,369 shares in the company, valued at approximately $46,043,426.85. The trade was a 3.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jennifer Leigh Dirico sold 830 shares of the company’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $123.58, for a total transaction of $102,571.40. Following the transaction, the chief financial officer owned 44,313 shares in the company, valued at approximately $5,476,200.54. This trade represents a 1.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 33,111 shares of company stock valued at $4,058,851 in the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

CVLT has been the subject of a number of research reports. KeyCorp lowered their price objective on shares of CommVault Systems from $225.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. Cantor Fitzgerald lowered their price target on shares of CommVault Systems from $189.00 to $144.00 and set a “neutral” rating for the company in a research report on Wednesday, October 29th. Oppenheimer initiated coverage on shares of CommVault Systems in a research note on Monday, November 10th. They set an “outperform” rating on the stock. Mizuho started coverage on shares of CommVault Systems in a report on Monday, December 8th. They set an “outperform” rating and a $190.00 price objective on the stock. Finally, DA Davidson restated a “buy” rating and set a $220.00 target price on shares of CommVault Systems in a report on Thursday, November 13th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, CommVault Systems currently has an average rating of “Moderate Buy” and a consensus target price of $188.17.

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.