149,061 Shares in CommVault Systems, Inc. $CVLT Acquired by GW&K Investment Management LLC

GW&K Investment Management LLC purchased a new stake in CommVault Systems, Inc. (NASDAQ:CVLT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 149,061 shares of the software maker’s stock, valued at approximately $28,140,000.

A number of other hedge funds have also recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of 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 worth $23,255,000 after buying an additional 11,700 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in CommVault Systems during the second quarter worth about $327,000. Spire Wealth Management increased its stake in CommVault Systems by 494.1% in the 2nd quarter. Spire Wealth Management now owns 606 shares of the software maker’s stock worth $106,000 after acquiring an additional 504 shares during the last quarter. State of Michigan Retirement System raised its holdings in shares of CommVault Systems by 1.0% in the 2nd quarter. State of Michigan Retirement System now owns 10,612 shares of the software maker’s stock valued at $1,850,000 after acquiring an additional 100 shares in the last quarter. Finally, Sigma Planning Corp bought a new stake in shares of CommVault Systems during the 2nd quarter valued at about $437,000. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on CVLT. Zacks Research upgraded shares of CommVault Systems from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 30th. Cantor Fitzgerald decreased their price target on shares of CommVault Systems from $144.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, January 28th. Wall Street Zen upgraded shares of CommVault Systems from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. Wells Fargo & Company cut their target price on shares of CommVault Systems from $190.00 to $155.00 and set an “overweight” rating for the company in a research report on Wednesday, January 28th. Finally, Guggenheim reduced their target price on CommVault Systems from $200.00 to $175.00 and set a “buy” rating on the stock in a research note on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, CommVault Systems has a consensus rating of “Moderate Buy” and an average target price of $143.58.

Insider Transactions at CommVault Systems

In other news, CEO Sanjay Mirchandani sold 6,480 shares of CommVault Systems stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $90.28, for a total value of $585,014.40. Following the transaction, the chief executive officer owned 352,919 shares in the company, valued at approximately $31,861,527.32. The trade was a 1.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gary Merrill sold 2,593 shares of the business’s 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 sale, the insider directly owned 64,725 shares of the company’s stock, valued at approximately $5,843,373. This trade represents a 3.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 10,965 shares of company stock worth $991,812 over the last ninety days. Insiders own 1.00% of the company’s stock.

CommVault Systems Trading Up 0.5%

Shares of CVLT opened at $88.04 on Friday. CommVault Systems, Inc. has a fifty-two week low of $79.51 and a fifty-two week high of $200.68. The firm has a market cap of $3.87 billion, a price-to-earnings ratio of 45.38 and a beta of 0.59. The firm has a 50 day moving average price of $103.73 and a 200-day moving average price of $137.68. The company has a debt-to-equity ratio of 4.06, a quick ratio of 2.34 and a current ratio of 2.34.

CommVault Systems (NASDAQ:CVLT) last issued its earnings results on Tuesday, January 27th. The software maker reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.19. The company had revenue of $313.83 million for the quarter, compared to analysts’ expectations of $299.07 million. CommVault Systems had a net margin of 7.58% and a return on equity of 37.38%. The firm’s revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.94 EPS. As a group, equities research analysts forecast that CommVault Systems, Inc. will post 1.65 earnings per share for the current year.

CommVault Systems 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.