CommVault Systems, Inc. $CVLT Shares Acquired by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado lifted its holdings in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 2,160.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 109,442 shares of the software maker’s stock after purchasing an additional 104,600 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in CommVault Systems were worth $13,720,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CVLT. State of Wyoming acquired a new stake in shares of CommVault Systems during the second quarter worth $35,000. FNY Investment Advisers LLC acquired a new stake in shares of CommVault Systems during the fourth quarter worth $36,000. Banque Cantonale Vaudoise acquired a new stake in shares of CommVault Systems during the third quarter worth $39,000. Assetmark Inc. boosted its holdings in shares of CommVault Systems by 33.6% during the fourth quarter. Assetmark Inc. now owns 326 shares of the software maker’s stock worth $41,000 after purchasing an additional 82 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of CommVault Systems by 188.3% during the second quarter. EverSource Wealth Advisors LLC now owns 271 shares of the software maker’s stock worth $47,000 after purchasing an additional 177 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Insider Activity at CommVault Systems

In related news, CFO Gary Merrill sold 4,554 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $106.70, for a total value of $485,911.80. Following the completion of the sale, the chief financial officer directly owned 72,775 shares in the company, valued at approximately $7,765,092.50. This represents a 5.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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, CAO Danielle Nicole Abrahamsen sold 277 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $106.70, for a total value of $29,555.90. Following the completion of the sale, the chief accounting officer owned 13,166 shares of the company’s stock, valued at approximately $1,404,812.20. This represents a 2.06% 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. In the last three months, insiders sold 55,025 shares of company stock worth $5,748,457. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. William Blair restated a “market perform” rating on shares of CommVault Systems in a report on Monday, March 23rd. Mizuho increased their target price on CommVault Systems from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 10th. Wolfe Research assumed coverage on CommVault Systems in a research report on Friday, May 1st. They issued a “peer perform” rating on the stock. KeyCorp increased their target price on CommVault Systems from $108.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Finally, Royal Bank Of Canada increased their target price on CommVault Systems from $100.00 to $110.00 and gave the stock a “sector perform” rating in a research 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 issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $135.00.

CommVault Systems Trading Down 0.3%

Shares of CVLT opened at $127.34 on Tuesday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 117.54. The firm has a market capitalization of $5.25 billion, a P/E ratio of 80.09 and a beta of 0.82. The stock’s fifty day simple moving average is $103.26 and its 200 day simple moving average is $103.30. CommVault Systems, Inc. has a twelve month low of $71.75 and a twelve month high of $200.68.

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

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.