Strs Ohio Lowers Stock Holdings in CommVault Systems, Inc. $CVLT

Strs Ohio lessened its stake in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 31.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 19,600 shares of the software maker’s stock after selling 9,200 shares during the period. Strs Ohio’s holdings in CommVault Systems were worth $2,457,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Cullen Frost Bankers Inc. increased its holdings in shares of CommVault Systems by 43.8% during the third quarter. Cullen Frost Bankers Inc. now owns 243 shares of the software maker’s stock valued at $46,000 after acquiring an additional 74 shares in the last quarter. JSF Financial LLC boosted its stake in CommVault Systems by 1.1% in the 3rd quarter. JSF Financial LLC now owns 7,345 shares of the software maker’s stock worth $1,387,000 after purchasing an additional 82 shares in the last quarter. Assetmark Inc. boosted its stake in CommVault Systems by 33.6% in the 4th quarter. Assetmark Inc. now owns 326 shares of the software maker’s stock worth $41,000 after purchasing an additional 82 shares in the last quarter. Farther Finance Advisors LLC increased its stake in CommVault Systems by 17.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 652 shares of the software maker’s stock valued at $123,000 after purchasing an additional 95 shares in the last quarter. Finally, Diversify Wealth Management LLC increased its stake in CommVault Systems by 1.6% during 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. 93.50% of the stock is owned by institutional investors.

Insider Buying and Selling at CommVault Systems

In related news, CEO Sanjay Mirchandani sold 10,338 shares of the company’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $78.96, for a total transaction of $816,288.48. Following the completion of the sale, the chief executive officer owned 342,581 shares in the company, valued at approximately $27,050,195.76. This represents a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gary Merrill sold 2,593 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $90.28, for a total value of $234,096.04. Following the completion of the transaction, the insider directly owned 64,725 shares in the company, valued at approximately $5,843,373. This represents a 3.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 31,355 shares of company stock worth $2,613,165 over the last three months. Insiders own 1.00% of the company’s stock.

CommVault Systems Stock Performance

Shares of CVLT stock opened at $102.78 on Wednesday. The company has a quick ratio of 2.34, a current ratio of 1.95 and a debt-to-equity ratio of 117.54. The company has a 50 day moving average price of $85.80 and a 200-day moving average price of $109.15. CommVault Systems, Inc. has a 52 week low of $71.75 and a 52 week high of $200.68. The firm has a market capitalization of $4.52 billion, a PE ratio of 64.64 and a beta of 0.77.

CommVault Systems (NASDAQ:CVLT) last issued its quarterly earnings data on Tuesday, April 28th. The software maker reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.19. CommVault Systems had a net margin of 5.97% and a return on equity of 51.64%. The company had revenue of $311.69 million for the quarter, compared to the consensus estimate of $306.71 million. During the same quarter in the prior year, the firm earned $1.03 earnings per share. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. As a group, equities research analysts expect that CommVault Systems, Inc. will post 2.86 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. William Blair reiterated a “market perform” rating on shares of CommVault Systems in a research note on Monday, March 23rd. Wells Fargo & Company decreased their price objective on shares of CommVault Systems from $190.00 to $155.00 and set an “overweight” rating for the company in a report on Wednesday, January 28th. Jefferies Financial Group initiated coverage on CommVault Systems in a research report on Monday, April 27th. They issued a “hold” rating and a $105.00 price objective on the stock. Cantor Fitzgerald cut their target price on CommVault Systems from $144.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 28th. Finally, Robert W. Baird reduced their target price on CommVault Systems from $185.00 to $160.00 and set an “outperform” rating for the company in a report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $135.00.

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.