Universal Beteiligungs und Servicegesellschaft mbH Sells 7,611 Shares of CommVault Systems, Inc. $CVLT

Universal Beteiligungs und Servicegesellschaft mbH reduced its holdings in CommVault Systems, Inc. (NASDAQ:CVLT) by 7.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 88,488 shares of the software maker’s stock after selling 7,611 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in CommVault Systems were worth $16,705,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of CVLT. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in CommVault Systems by 8.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 147,410 shares of the software maker’s stock valued at $23,255,000 after purchasing an additional 11,700 shares during the period. Sivia Capital Partners LLC bought a new stake in shares of CommVault Systems in the 2nd quarter valued at about $327,000. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of CommVault Systems in the second quarter valued at about $349,000. GAMMA Investing LLC raised its position in shares of CommVault Systems by 6.0% during the second quarter. GAMMA Investing LLC now owns 1,422 shares of the software maker’s stock worth $248,000 after acquiring an additional 80 shares during the last quarter. Finally, Congress Asset Management Co. raised its position in shares of CommVault Systems by 1.9% during the second quarter. Congress Asset Management Co. now owns 570,888 shares of the software maker’s stock worth $99,523,000 after acquiring an additional 10,446 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Insider Activity

In related news, CEO Sanjay Mirchandani sold 13,109 shares of the business’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $121.15, for a total value of $1,588,155.35. Following the completion of the sale, the chief executive officer directly owned 359,260 shares of the company’s stock, valued at $43,524,349. The trade was a 3.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Jennifer Leigh Dirico sold 830 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $123.58, for a total value of $102,571.40. Following the transaction, the chief financial officer directly owned 44,313 shares in the company, valued at approximately $5,476,200.54. This trade represents a 1.84% 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. Company insiders own 1.00% of the company’s stock.

CommVault Systems Stock Up 0.3%

CommVault Systems stock opened at $123.85 on Friday. The company has a market capitalization of $5.46 billion, a PE ratio of 69.58 and a beta of 0.57. CommVault Systems, Inc. has a 12-month low of $114.46 and a 12-month high of $200.68. The firm’s fifty day moving average is $123.66 and its 200 day moving average is $155.54. 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 (NASDAQ:CVLT) last posted its quarterly earnings results on Tuesday, October 28th. The software maker reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.04). CommVault Systems had a return on equity of 31.53% and a net margin of 7.32%.The company had revenue of $276.19 million during the quarter, compared to analyst estimates of $273.31 million. During the same quarter in the previous year, the business posted $0.83 earnings per share. The company’s revenue for the quarter was up 18.4% compared to the same quarter last year. As a group, sell-side analysts predict that CommVault Systems, Inc. will post 1.65 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on the company. Robert W. Baird initiated coverage on CommVault Systems in a report on Monday, October 27th. They issued an “outperform” rating and a $215.00 target price on the stock. Mizuho reduced their price objective on shares of CommVault Systems from $190.00 to $180.00 and set an “outperform” rating on the stock in a research note on Wednesday. Piper Sandler lowered their target price on shares of CommVault Systems from $186.00 to $155.00 and set an “overweight” rating for the company in a research note on Monday, January 5th. KeyCorp cut their price target on shares of CommVault Systems from $185.00 to $152.00 and set an “overweight” rating on the stock in a research report on Monday, January 12th. Finally, Wall Street Zen lowered CommVault Systems from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $178.33.

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.