Sterling Capital Management LLC Has $644,000 Stock Position in CommVault Systems, Inc. $CVLT

Sterling Capital Management LLC increased its holdings in CommVault Systems, Inc. (NASDAQ:CVLT) by 74.7% in the 1st quarter, Holdings Channel reports. The fund owned 8,265 shares of the software maker’s stock after purchasing an additional 3,534 shares during the period. Sterling Capital Management LLC’s holdings in CommVault Systems were worth $644,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of CVLT. State of Wyoming acquired a new position in CommVault Systems in the 2nd quarter valued at approximately $35,000. FNY Investment Advisers LLC acquired a new stake in shares of CommVault Systems during the 4th quarter valued at $36,000. Banque Cantonale Vaudoise acquired a new stake in shares of CommVault Systems during the 3rd quarter valued at $39,000. Assetmark Inc. grew its holdings in shares of CommVault Systems by 33.6% during the 4th quarter. Assetmark Inc. now owns 326 shares of the software maker’s stock valued at $41,000 after acquiring an additional 82 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of CommVault Systems by 188.3% during the 2nd 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. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Analysts Set New Price Targets

CVLT has been the subject of several recent research reports. Jefferies Financial Group assumed coverage on CommVault Systems in a report on Monday, April 27th. They set a “hold” rating and a $105.00 price objective for the company. Loop Capital began coverage on CommVault Systems in a research report on Tuesday, March 24th. They issued a “buy” rating and a $125.00 target price on the stock. Robert W. Baird reduced their price target on CommVault Systems from $185.00 to $160.00 and set an “outperform” rating for the company in a report on Monday, April 13th. Wolfe Research started coverage on CommVault Systems in a research note on Friday, May 1st. They issued a “peer perform” rating for the company. Finally, Scotiabank increased their price objective on CommVault Systems from $105.00 to $110.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $136.33.

CommVault Systems Price Performance

Shares of NASDAQ:CVLT opened at $147.02 on Thursday. The stock has a market capitalization of $6.09 billion, a P/E ratio of 92.47 and a beta of 0.79. The business has a 50-day moving average of $114.40 and a two-hundred day moving average of $104.21. CommVault Systems, Inc. has a fifty-two week low of $71.75 and a fifty-two week high of $200.68. The company has a debt-to-equity ratio of 117.54, a current ratio of 1.95 and a quick ratio of 1.95.

CommVault Systems (NASDAQ:CVLT) last issued its quarterly earnings data on Tuesday, April 28th. The software maker reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.19. CommVault Systems had a return on equity of 51.64% and a net margin of 5.97%.The business had revenue of $311.69 million for the quarter, compared to analyst estimates of $306.71 million. During the same quarter in the prior year, the firm posted $1.03 EPS. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, equities research analysts predict that CommVault Systems, Inc. will post 2.86 EPS for the current fiscal year.

Insider Buying and Selling at CommVault Systems

In other CommVault Systems news, CEO Sanjay Mirchandani sold 19,396 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $105.49, for a total transaction of $2,046,084.04. Following the transaction, the chief executive officer owned 315,377 shares in the company, valued at $33,269,119.73. This trade represents a 5.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Gary Merrill sold 4,560 shares of CommVault Systems stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $105.10, for a total transaction of $479,256.00. Following the completion of the transaction, the chief financial officer directly owned 72,507 shares in the company, valued at approximately $7,620,485.70. This represents a 5.92% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 55,025 shares of company stock worth $5,748,457 over the last 90 days. Insiders own 0.86% of the company’s stock.

Key Stories Impacting CommVault Systems

Here are the key news stories impacting CommVault Systems this week:

• Positive Sentiment: CommVault received another strong third-party endorsement, being named a Leader in Gartner’s Magic Quadrant for Backup and Data Protection Platforms for the 15th straight year, which supports the company’s competitive positioning and could help reassure investors about demand. Article Title
• Neutral Sentiment: Analyst sentiment remains constructive, with CommVault reportedly carrying a consensus “Moderate Buy” rating, suggesting Wall Street still sees upside despite the current legal issues.

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.