CommVault Systems, Inc. $CVLT Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH cut its holdings in CommVault Systems, Inc. (NASDAQ:CVLT) by 7.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,488 shares of the software maker’s stock after selling 7,611 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.20% of CommVault Systems worth $16,705,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State of Wyoming acquired a new position in shares of CommVault Systems during the 2nd quarter valued at about $35,000. EverSource Wealth Advisors LLC grew its holdings in CommVault Systems by 188.3% in the second quarter. EverSource Wealth Advisors LLC now owns 271 shares of the software maker’s stock valued at $47,000 after purchasing an additional 177 shares during the period. True Wealth Design LLC increased its position in CommVault Systems by 244.6% during the third quarter. True Wealth Design LLC now owns 286 shares of the software maker’s stock worth $54,000 after purchasing an additional 203 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in CommVault Systems during the third quarter worth approximately $57,000. Finally, Employees Retirement System of Texas purchased a new position in CommVault Systems during the second quarter worth approximately $55,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CVLT has been the subject of a number of research analyst reports. DA Davidson dropped their price objective on CommVault Systems from $220.00 to $185.00 and set a “buy” rating for the company in a report on Thursday. Guggenheim lowered their price target on CommVault Systems from $220.00 to $200.00 and set a “buy” rating for the company in a research report on Friday, January 16th. Weiss Ratings restated a “hold (c)” rating on shares of CommVault Systems in a report on Wednesday. Oppenheimer decreased their target price on CommVault Systems from $200.00 to $180.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Piper Sandler cut their target price on shares of CommVault Systems from $186.00 to $155.00 and set an “overweight” rating on the stock in a research note on Monday, January 5th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $178.33.

Insider Activity at CommVault Systems

In related news, CEO Sanjay Mirchandani sold 13,109 shares of the business’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $121.15, for a total transaction of $1,588,155.35. Following the sale, the chief executive officer owned 359,260 shares in the company, valued at $43,524,349. The trade was a 3.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Gary Merrill sold 1,845 shares of the company’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $122.40, for a total value of $225,828.00. Following the completion of the transaction, the insider directly owned 67,318 shares of the company’s stock, valued at approximately $8,239,723.20. The trade was a 2.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 33,111 shares of company stock valued at $4,058,851 in the last 90 days. 1.00% of the stock is owned by corporate insiders.

CommVault Systems Trading Up 0.3%

Shares of CommVault Systems stock opened at $123.85 on Friday. The firm’s 50 day moving average is $123.66 and its 200 day moving average is $155.54. The firm has a market capitalization of $5.46 billion, a PE ratio of 69.58 and a beta of 0.57. CommVault Systems, Inc. has a 1 year low of $114.46 and a 1 year high of $200.68. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 4.18.

CommVault Systems (NASDAQ:CVLT) last issued its earnings results on Tuesday, October 28th. The software maker reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.04). The company had revenue of $276.19 million during the quarter, compared to analyst estimates of $273.31 million. CommVault Systems had a net margin of 7.32% and a return on equity of 31.53%. The business’s quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.83 EPS. Equities research analysts forecast that CommVault Systems, Inc. will post 1.65 earnings per share for the current fiscal 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.