WINTON GROUP Ltd Trims Position in CommVault Systems, Inc. $CVLT

WINTON GROUP Ltd lowered its position in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 79.3% during the second quarter, Holdings Channel reports. The fund owned 2,800 shares of the software maker’s stock after selling 10,700 shares during the quarter. WINTON GROUP Ltd’s holdings in CommVault Systems were worth $397,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Intech Investment Management LLC lifted its position in CommVault Systems by 52.4% during the fourth quarter. Intech Investment Management LLC now owns 86,634 shares of the software maker’s stock worth $10,860,000 after buying an additional 29,796 shares during the period. Epoch Investment Partners Inc. acquired a new position in shares of CommVault Systems during the 4th quarter valued at about $27,278,000. Madison Asset Management LLC increased its position in CommVault Systems by 39.7% during the first quarter. Madison Asset Management LLC now owns 33,459 shares of the software maker’s stock worth $2,606,000 after purchasing an additional 9,512 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of CommVault Systems by 410.8% in the 4th quarter. BNP Paribas Financial Markets now owns 320,468 shares of the software maker’s stock valued at $40,174,000 after purchasing an additional 257,729 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH grew its stake in shares of CommVault Systems by 64.3% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 273,206 shares of the software maker’s stock valued at $21,280,000 after buying an additional 106,970 shares during the period. 93.50% of the stock is currently owned by institutional investors and hedge funds.

CommVault Systems Stock Performance

Shares of CommVault Systems stock opened at $145.21 on Thursday. The company has a debt-to-equity ratio of 16.94, a quick ratio of 2.04 and a current ratio of 2.04. CommVault Systems, Inc. has a 1 year low of $71.75 and a 1 year high of $198.18. The firm’s 50-day simple moving average is $137.77 and its 200-day simple moving average is $115.76. The firm has a market cap of $6.02 billion, a PE ratio of 92.49 and a beta of 0.82.

CommVault Systems (NASDAQ:CVLT) last released its quarterly earnings data on Tuesday, July 28th. The software maker reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.26. CommVault Systems had a net margin of 5.62% and a return on equity of 88.75%. The firm had revenue of $314.13 million during the quarter, compared to the consensus estimate of $310.43 million. During the same quarter in the previous year, the company posted $1.01 earnings per share. The firm’s revenue was up 11.4% on a year-over-year basis. Equities analysts forecast that CommVault Systems, Inc. will post 2.84 earnings per share for the current fiscal year.

Insider Transactions at CommVault Systems

In related news, Director A. Shane Sanders sold 476 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $134.19, for a total value of $63,874.44. Following the completion of the transaction, the director directly owned 8,696 shares of the company’s stock, valued at $1,166,916.24. This represents a 5.19% decrease in their position. The sale was disclosed in a filing with the SEC, 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 6,857 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $142.80, for a total transaction of $979,179.60. Following the completion of the transaction, the chief executive officer owned 257,676 shares of the company’s stock, valued at $36,796,132.80. This represents a 2.59% 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 sold 29,602 shares of company stock valued at $4,240,541 over the last three months. 0.86% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on CVLT. DA Davidson set a $175.00 target price on CommVault Systems in a research report on Wednesday, July 29th. Oppenheimer raised their price objective on CommVault Systems from $150.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. Piper Sandler lowered CommVault Systems from an “overweight” rating to a “neutral” rating and set a $133.00 price objective on the stock. in a research note on Tuesday, July 28th. FBN Securities began coverage on shares of CommVault Systems in a research report on Thursday, September 10th. They set an “outperform” rating and a $155.00 target price for the company. Finally, UBS Group reiterated a “neutral” rating on shares of CommVault Systems in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $152.62.

CommVault Systems Profile

Commvault Systems, Inc develops data protection and cyber resilience software for organizations seeking to secure, manage and recover data across on-premises, cloud and hybrid environments. Its technology is designed to help businesses protect workloads, reduce the risk of data loss and maintain operations following system failures, cyberattacks or other disruptions.

The company’s offerings include backup and recovery, disaster recovery, data security, cyber recovery and cloud data management solutions.