CommVault Systems, Inc. $CVLT Shares Sold by UBS Group AG

UBS Group AG cut its stake in CommVault Systems, Inc. (NASDAQ:CVLT) by 68.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 115,912 shares of the software maker’s stock after selling 247,105 shares during the quarter. UBS Group AG’s holdings in CommVault Systems were worth $14,531,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CVLT. State of Wyoming acquired a new position in CommVault Systems in the second quarter valued at approximately $35,000. FNY Investment Advisers LLC acquired a new position in shares of CommVault Systems during the 4th quarter worth approximately $36,000. Banque Cantonale Vaudoise acquired a new position in shares of CommVault Systems during the 3rd quarter worth approximately $39,000. Assetmark Inc. raised its stake in shares of CommVault Systems by 33.6% during the 4th quarter. Assetmark Inc. now owns 326 shares of the software maker’s stock worth $41,000 after buying an additional 82 shares during the period. Finally, Cullen Frost Bankers Inc. raised its stake in shares of CommVault Systems by 43.8% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 243 shares of the software maker’s stock worth $46,000 after buying an additional 74 shares during the period. 93.50% of the stock is owned by institutional investors and hedge funds.

CommVault Systems Stock Down 2.4%

Shares of CVLT opened at $99.81 on Thursday. The company has a debt-to-equity ratio of 117.54, a quick ratio of 2.34 and a current ratio of 1.95. CommVault Systems, Inc. has a one year low of $71.75 and a one year high of $200.68. The stock has a market capitalization of $4.12 billion, a price-to-earnings ratio of 62.77 and a beta of 0.77. The stock has a 50 day moving average price of $87.74 and a 200 day moving average price of $106.21.

CommVault Systems (NASDAQ:CVLT) last issued its quarterly earnings results on Tuesday, April 28th. The software maker reported $1.28 EPS for the quarter, topping the consensus estimate of $1.09 by $0.19. CommVault Systems had a return on equity of 51.64% and a net margin of 5.97%.The firm had revenue of $311.69 million during the quarter, compared to analysts’ expectations of $306.71 million. During the same period in the previous year, the business earned $1.03 earnings per share. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. Equities research analysts forecast that CommVault Systems, Inc. will post 2.86 earnings per share for the current fiscal year.

Insider Activity at CommVault Systems

In related news, CEO Sanjay Mirchandani sold 10,052 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $80.09, for a total transaction of $805,064.68. Following the completion of the sale, the chief executive officer directly owned 332,529 shares in the company, valued at approximately $26,632,247.61. The trade was a 2.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gary Merrill sold 1,892 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $91.28, for a total value of $172,701.76. Following the sale, the insider owned 62,833 shares of the company’s stock, valued at $5,735,396.24. The trade was a 2.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 31,355 shares of company stock valued at $2,613,165 over the last quarter. 1.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. William Blair reaffirmed a “market perform” rating on shares of CommVault Systems in a research note on Monday, March 23rd. Wells Fargo & Company reduced their target price on CommVault Systems from $190.00 to $155.00 and set an “overweight” rating for the company in a research note on Wednesday, January 28th. Wolfe Research assumed coverage on CommVault Systems in a research note on Friday, May 1st. They set a “peer perform” rating for the company. Mizuho reduced their target price on CommVault Systems from $180.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, January 28th. Finally, KeyCorp upped their target price on CommVault Systems from $108.00 to $125.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $135.00.

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.