Vontobel Holding Ltd. Purchases 10,012 Shares of CommVault Systems, Inc. $CVLT

Vontobel Holding Ltd. grew its position in CommVault Systems, Inc. (NASDAQ:CVLT) by 171.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,860 shares of the software maker’s stock after buying an additional 10,012 shares during the period. Vontobel Holding Ltd.’s holdings in CommVault Systems were worth $2,994,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CVLT. State of Wyoming acquired a new stake in shares of CommVault Systems during the second quarter worth about $35,000. EverSource Wealth Advisors LLC boosted its holdings in shares of CommVault Systems by 188.3% in the second quarter. EverSource Wealth Advisors LLC now owns 271 shares of the software maker’s stock valued at $47,000 after buying an additional 177 shares during the period. Employees Retirement System of Texas acquired a new stake in shares of CommVault Systems during the second quarter worth $55,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of CommVault Systems by 126.3% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 516 shares of the software maker’s stock worth $81,000 after acquiring an additional 288 shares during the period. Finally, Reyes Financial Architecture Inc. bought a new stake in CommVault Systems in the 2nd quarter valued at $98,000. Institutional investors own 93.50% of the company’s stock.

CommVault Systems Price Performance

Shares of CVLT stock opened at $128.40 on Friday. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 4.18. CommVault Systems, Inc. has a twelve month low of $114.46 and a twelve month high of $200.68. The company has a market cap of $5.66 billion, a P/E ratio of 72.14 and a beta of 0.60. The business has a fifty day simple moving average of $131.79 and a 200 day simple moving average of $162.96.

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

Insider Buying and Selling

In related news, CFO Jennifer Leigh Dirico sold 830 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $123.58, for a total value of $102,571.40. Following the completion of the transaction, the chief financial officer owned 44,313 shares of the company’s stock, valued at $5,476,200.54. This represents a 1.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sanjay Mirchandani sold 14,653 shares of the stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $123.65, for a total value of $1,811,843.45. Following the completion of the transaction, the chief executive officer owned 372,369 shares of the company’s stock, valued at $46,043,426.85. This represents a 3.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 33,111 shares of company stock worth $4,058,851 in the last three months. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Zacks Research cut shares of CommVault Systems from a “strong-buy” rating to a “strong sell” rating in a report on Friday, October 31st. Robert W. Baird started coverage on CommVault Systems in a report on Monday, October 27th. They set an “outperform” rating and a $215.00 target price on the stock. KeyCorp cut 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 report on Wednesday, October 29th. Baird R W raised CommVault Systems to a “strong-buy” rating in a report on Monday, October 27th. Finally, Mizuho began coverage on CommVault Systems in a research note on Monday, December 8th. They issued an “outperform” rating and a $190.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $194.64.

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.