Madison Asset Management LLC Grows Stock Holdings in CommVault Systems, Inc. $CVLT

Madison Asset Management LLC lifted its holdings in CommVault Systems, Inc. (NASDAQ:CVLT) by 39.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,459 shares of the software maker’s stock after acquiring an additional 9,512 shares during the period. Madison Asset Management LLC’s holdings in CommVault Systems were worth $2,606,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CVLT. State of Wyoming acquired a new position in shares of CommVault Systems during the 2nd quarter valued at $35,000. FNY Investment Advisers LLC acquired a new stake in CommVault Systems in the 4th quarter valued at $36,000. Banque Cantonale Vaudoise acquired a new stake in CommVault Systems in the 3rd quarter valued at $39,000. Assetmark Inc. raised its position in CommVault Systems by 33.6% in the fourth quarter. Assetmark Inc. now owns 326 shares of the software maker’s stock valued at $41,000 after purchasing an additional 82 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in CommVault Systems by 188.3% in the second quarter. EverSource Wealth Advisors LLC now owns 271 shares of the software maker’s stock valued at $47,000 after purchasing an additional 177 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CVLT. Zacks Research downgraded CommVault Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Robert W. Baird dropped their target price on CommVault Systems from $185.00 to $160.00 and set an “outperform” rating on the stock in a report on Monday, April 13th. KeyCorp boosted their price target on CommVault Systems from $125.00 to $175.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. DA Davidson restated a “buy” rating and issued a $125.00 price target on shares of CommVault Systems in a report on Monday, April 13th. Finally, Scotiabank upped their price target 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 analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $145.47.

CommVault Systems Stock Performance

NASDAQ:CVLT opened at $146.49 on Wednesday. The firm has a 50-day moving average of $128.57 and a two-hundred day moving average of $106.56. The company has a debt-to-equity ratio of 117.54, a current ratio of 1.95 and a quick ratio of 1.95. The stock has a market cap of $6.07 billion, a P/E ratio of 92.13 and a beta of 0.79. CommVault Systems, Inc. has a 1-year low of $71.75 and a 1-year high of $200.68.

CommVault Systems (NASDAQ:CVLT) last announced its earnings results on Tuesday, April 28th. The software maker reported $1.28 earnings per share (EPS) for the quarter, topping 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 period in the previous year, the company earned $1.03 earnings per share. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. On average, research analysts expect that CommVault Systems, Inc. will post 2.88 earnings per share for the current fiscal year.

Insider Buying and Selling at CommVault Systems

In other CommVault Systems news, CAO Danielle Nicole Abrahamsen sold 254 shares of CommVault Systems stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $150.00, for a total transaction of $38,100.00. Following the sale, the chief accounting officer directly owned 13,156 shares in the company, valued at $1,973,400. The trade was a 1.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sanjay Mirchandani sold 8,450 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $99.13, for a total value of $837,648.50. Following the completion of the transaction, the chief executive officer directly owned 306,927 shares in the company, valued at approximately $30,425,673.51. The trade was a 2.68% decrease in their ownership of the stock. 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 sold a total of 55,279 shares of company stock worth $5,786,557 in the last 90 days. 0.86% of the stock is owned by corporate insiders.

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.