Strs Ohio Sells 9,200 Shares of CommVault Systems, Inc. $CVLT

Strs Ohio cut its stake in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 31.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,600 shares of the software maker’s stock after selling 9,200 shares during the period. Strs Ohio’s holdings in CommVault Systems were worth $2,457,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Oppenheimer & Co. Inc. purchased a new position in CommVault Systems during the fourth quarter valued at approximately $258,000. State of New Jersey Common Pension Fund D lifted its stake in CommVault Systems by 13.8% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 17,601 shares of the software maker’s stock worth $2,206,000 after purchasing an additional 2,128 shares in the last quarter. Torren Management LLC bought a new position in CommVault Systems in the 4th quarter valued at $55,000. M&T Bank Corp boosted its stake in CommVault Systems by 13.8% during the fourth quarter. M&T Bank Corp now owns 3,123 shares of the software maker’s stock valued at $392,000 after buying an additional 379 shares during the period. Finally, Pictet Asset Management Holding SA grew its position in CommVault Systems by 17.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 909,982 shares of the software maker’s stock worth $114,124,000 after buying an additional 138,091 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CVLT has been the subject of a number of research analyst reports. Royal Bank Of Canada lifted their price target on CommVault Systems from $100.00 to $110.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 29th. Zacks Research downgraded CommVault Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. William Blair reiterated a “market perform” rating on shares of CommVault Systems in a report on Monday, March 23rd. Loop Capital assumed coverage on CommVault Systems in a report on Tuesday, March 24th. They set a “buy” rating and a $125.00 price objective on the stock. Finally, Robert W. Baird lowered their price objective on shares of CommVault Systems from $185.00 to $160.00 and set an “outperform” rating for the company in a report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.00.

CommVault Systems Stock Up 0.9%

NASDAQ CVLT opened at $102.78 on Wednesday. CommVault Systems, Inc. has a 1 year low of $71.75 and a 1 year high of $200.68. The stock has a market capitalization of $4.52 billion, a PE ratio of 64.64 and a beta of 0.77. The company has a debt-to-equity ratio of 117.54, a current ratio of 1.95 and a quick ratio of 2.34. The business’s 50-day moving average is $85.80 and its 200 day moving average is $109.15.

CommVault Systems (NASDAQ:CVLT) last released its quarterly earnings data 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 during 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 business’s revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the business posted $1.03 EPS. Sell-side analysts forecast that CommVault Systems, Inc. will post 2.86 earnings per share for the current year.

Insider Activity

In related news, CEO Sanjay Mirchandani sold 10,338 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $78.96, for a total value of $816,288.48. Following the completion of the transaction, the chief executive officer directly owned 342,581 shares of the company’s stock, valued at $27,050,195.76. This represents a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Gary Merrill sold 2,593 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $90.28, for a total value of $234,096.04. Following the transaction, the insider owned 64,725 shares in the company, valued at $5,843,373. This trade represents a 3.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 31,355 shares of company stock worth $2,613,165 in the last quarter. 1.00% of the stock is owned by corporate 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.