CommVault Systems, Inc. $CVLT Shares Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA grew its stake in CommVault Systems, Inc. (NASDAQ:CVLT) by 17.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 909,982 shares of the software maker’s stock after purchasing an additional 138,091 shares during the period. Pictet Asset Management Holding SA’s holdings in CommVault Systems were worth $114,124,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of CommVault Systems by 5.0% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 23,950 shares of the software maker’s stock valued at $3,003,000 after buying an additional 1,132 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of CommVault Systems by 4.4% in the 4th quarter. Vanguard Group Inc. now owns 5,675,590 shares of the software maker’s stock valued at $711,492,000 after buying an additional 240,093 shares in the last quarter. Boston Trust Walden Corp acquired a new position in shares of CommVault Systems in the 4th quarter valued at $30,830,000. M&T Bank Corp boosted its holdings in shares of CommVault Systems by 22,133.9% in the 4th quarter. M&T Bank Corp now owns 610,098 shares of the software maker’s stock valued at $76,482,000 after buying an additional 607,354 shares in the last quarter. Finally, Assetmark Inc. boosted its holdings in shares of CommVault Systems by 33.6% in the 4th quarter. Assetmark Inc. now owns 326 shares of the software maker’s stock valued at $41,000 after buying an additional 82 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

CommVault Systems Stock Performance

Shares of CVLT opened at $88.41 on Tuesday. The company has a 50-day simple moving average of $85.04 and a 200-day simple moving average of $111.20. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 4.06. The company has a market capitalization of $3.89 billion, a PE ratio of 45.57 and a beta of 0.63. CommVault Systems, Inc. has a 52-week low of $71.75 and a 52-week high of $200.68.

CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings results on Tuesday, January 27th. The software maker reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.19. The business had revenue of $313.83 million during the quarter, compared to the consensus estimate of $299.07 million. CommVault Systems had a net margin of 7.58% and a return on equity of 37.38%. The business’s revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.94 EPS. Equities research analysts predict that CommVault Systems, Inc. will post 2.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CVLT. Zacks Research upgraded shares of CommVault Systems from a “hold” rating to a “strong-buy” rating in a report on Friday, January 30th. Cantor Fitzgerald lowered their target price on shares of CommVault Systems from $144.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, January 28th. Scotiabank began coverage on shares of CommVault Systems in a report on Tuesday, April 21st. They issued a “sector perform” rating and a $105.00 target price for the company. Oppenheimer decreased their price target on shares of CommVault Systems from $180.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, January 28th. Finally, Wall Street Zen cut shares of CommVault Systems from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, CommVault Systems has a consensus rating of “Moderate Buy” and a consensus target price of $132.87.

Insider Transactions at CommVault Systems

In other news, 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 owned 64,725 shares in the company, valued at $5,843,373. This trade represents a 3.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sanjay Mirchandani sold 10,338 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $78.96, for a total transaction of $816,288.48. Following the completion of the transaction, the chief executive officer owned 342,581 shares of the company’s stock, valued at $27,050,195.76. This represents a 2.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 31,355 shares of company stock valued at $2,613,165 in the last quarter. 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.