CommVault Systems, Inc. $CVLT Shares Acquired by Sterling Capital Management LLC

Sterling Capital Management LLC boosted its holdings in CommVault Systems, Inc. (NASDAQ:CVLT) by 74.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,265 shares of the software maker’s stock after acquiring an additional 3,534 shares during the quarter. Sterling Capital Management LLC’s holdings in CommVault Systems were worth $644,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of CommVault Systems by 8.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 147,410 shares of the software maker’s stock valued at $23,255,000 after purchasing an additional 11,700 shares during the period. Sivia Capital Partners LLC bought a new position in CommVault Systems in the 2nd quarter valued at about $327,000. Cetera Investment Advisers increased its stake in CommVault Systems by 13.4% during the 2nd quarter. Cetera Investment Advisers now owns 2,486 shares of the software maker’s stock valued at $433,000 after buying an additional 294 shares during the period. EverSource Wealth Advisors LLC increased its stake in 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 buying an additional 177 shares during the period. Finally, Guggenheim Capital LLC raised its position in shares of CommVault Systems by 43.8% during the 2nd quarter. Guggenheim Capital LLC now owns 4,245 shares of the software maker’s stock worth $740,000 after buying an additional 1,293 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Key Headlines 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.

Insider Activity

In other CommVault Systems news, CFO Gary Merrill sold 4,554 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $106.70, for a total transaction of $485,911.80. Following the sale, the chief financial officer owned 72,775 shares in the company, valued at approximately $7,765,092.50. The trade was a 5.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $106.70, for a total transaction of $29,555.90. Following the sale, the chief accounting officer directly owned 13,166 shares of the company’s stock, valued at $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. Insiders sold a total of 55,025 shares of company stock valued at $5,748,457 over the last three months. Insiders own 0.86% of the company’s stock.

CommVault Systems Trading Up 3.7%

Shares of NASDAQ:CVLT opened at $147.02 on Thursday. The company has a debt-to-equity ratio of 117.54, a quick ratio of 1.95 and a current ratio of 1.95. The stock has a market capitalization of $6.09 billion, a price-to-earnings ratio of 92.47 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. The company has a 50 day moving average price of $114.40 and a 200 day moving average price of $104.21.

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

Analyst Ratings Changes

Several research firms have recently issued reports on CVLT. Jefferies Financial Group started coverage on shares of CommVault Systems in a report on Monday, April 27th. They issued a “hold” rating and a $105.00 price objective for the company. Royal Bank Of Canada boosted their target price on CommVault Systems from $100.00 to $110.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 29th. KeyCorp increased their price target on CommVault Systems from $108.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Stephens lifted their price target on CommVault Systems from $135.00 to $155.00 and gave the company an “overweight” rating in a research report on Tuesday, June 16th. Finally, William Blair reissued a “market perform” rating on shares of CommVault Systems in a research note on Monday, March 23rd. One investment 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 data from MarketBeat.com, CommVault Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.33.

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.