7,101 Shares in CommVault Systems, Inc. $CVLT Bought by State of Wyoming

State of Wyoming purchased a new stake in CommVault Systems, Inc. (NASDAQ:CVLT) during the second quarter, according to its most recent filing with the SEC. The fund purchased 7,101 shares of the software maker’s stock, valued at approximately $1,006,000.

A number of other institutional investors have also recently made changes to their positions in CVLT. Summit Global Investments bought a new stake in shares of CommVault Systems in the second quarter worth about $481,000. Handelsbanken Fonder AB increased its stake in CommVault Systems by 24.1% in the 2nd quarter. Handelsbanken Fonder AB now owns 18,530 shares of the software maker’s stock worth $2,626,000 after acquiring an additional 3,600 shares during the last quarter. Evanson Financial LLC purchased a new stake in shares of CommVault Systems during the 2nd quarter worth approximately $383,000. GAMMA Investing LLC boosted its position in shares of CommVault Systems by 18.6% during the 2nd quarter. GAMMA Investing LLC now owns 1,559 shares of the software maker’s stock valued at $221,000 after acquiring an additional 245 shares during the last quarter. Finally, Harbor Investment Advisory LLC bought a new stake in CommVault Systems in the second quarter worth $90,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

CommVault Systems Stock Performance

CommVault Systems stock opened at $147.09 on Friday. The company has a debt-to-equity ratio of 16.94, a current ratio of 2.04 and a quick ratio of 2.04. The firm has a market capitalization of $6.10 billion, a P/E ratio of 93.69 and a beta of 0.81. CommVault Systems, Inc. has a 1-year low of $71.75 and a 1-year high of $198.18. The company’s 50-day moving average is $137.29 and its 200 day moving average is $108.03.

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

Analysts Set New Price Targets

A number of equities analysts have commented on CVLT shares. UBS Group reissued a “neutral” rating on shares of CommVault Systems in a research note on Monday, July 27th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $132.00 price target on shares of CommVault Systems in a research report on Monday, July 27th. Zacks Research downgraded CommVault Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Weiss Ratings raised CommVault Systems from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 16th. Finally, Wall Street Zen downgraded CommVault Systems from a “buy” rating to a “hold” rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $152.47.

Insider Buying and Selling at CommVault Systems

In other news, CEO Sanjay Mirchandani sold 8,450 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $99.13, for a total transaction of $837,648.50. Following the completion of the sale, the chief executive officer directly owned 306,927 shares of the company’s stock, valued at approximately $30,425,673.51. The trade was a 2.68% 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 this link. 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, CFO Gary Merrill sold 4,554 shares of the company’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 completion of the transaction, 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 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 90 days, insiders sold 56,350 shares of company stock valued at $5,930,275. 0.86% of the stock is owned by company insiders.

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.