Strs Ohio Boosts Holdings in CommVault Systems, Inc. $CVLT

Strs Ohio lifted its position in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 161.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,800 shares of the software maker’s stock after purchasing an additional 17,800 shares during the period. Strs Ohio owned about 0.06% of CommVault Systems worth $5,437,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. State of Wyoming acquired a new position in CommVault Systems in the 2nd quarter worth $35,000. EverSource Wealth Advisors LLC grew its stake in shares of CommVault Systems by 188.3% during the second quarter. EverSource Wealth Advisors LLC now owns 271 shares of the software maker’s stock valued at $47,000 after acquiring an additional 177 shares in the last quarter. True Wealth Design LLC increased its position in shares of CommVault Systems by 244.6% during the third quarter. True Wealth Design LLC now owns 286 shares of the software maker’s stock worth $54,000 after acquiring an additional 203 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of CommVault Systems in the third quarter worth about $57,000. Finally, Employees Retirement System of Texas purchased a new position in CommVault Systems in the second quarter valued at about $55,000. 93.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on CVLT shares. Royal Bank Of Canada dropped their price objective on CommVault Systems from $217.00 to $167.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 29th. Mizuho dropped their price target on shares of CommVault Systems from $190.00 to $180.00 and set an “outperform” rating for the company in a research note on Wednesday, January 21st. Piper Sandler reduced their price objective on shares of CommVault Systems from $186.00 to $155.00 and set an “overweight” rating on the stock in a research note on Monday, January 5th. Zacks Research raised shares of CommVault Systems from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Finally, Cantor Fitzgerald restated a “neutral” rating on shares of CommVault Systems in a research note on Tuesday, January 20th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $178.33.

CommVault Systems Trading Up 4.4%

CommVault Systems stock opened at $129.36 on Tuesday. CommVault Systems, Inc. has a 1 year low of $114.46 and a 1 year high of $200.68. The firm’s 50-day moving average is $123.73 and its 200-day moving average is $154.99. The company has a debt-to-equity ratio of 4.18, a quick ratio of 2.53 and a current ratio of 2.53. The company has a market cap of $5.70 billion, a P/E ratio of 72.67 and a beta of 0.57.

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

Insider Transactions at CommVault Systems

In related news, CFO Jennifer Leigh Dirico sold 830 shares of CommVault Systems stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $123.58, for a total value of $102,571.40. Following the sale, the chief financial officer directly owned 44,313 shares in the company, valued at $5,476,200.54. This trade represents a 1.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Gary Merrill sold 2,674 shares of the business’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 $330,452.92. Following the transaction, the insider directly owned 69,163 shares of the company’s stock, valued at $8,547,163.54. The trade was a 3.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 33,111 shares of company stock worth $4,058,851. Insiders own 1.00% of the company’s stock.

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.