Northwestern Mutual Wealth Management Co. Has $35.03 Million Stake in CommVault Systems, Inc. $CVLT

Northwestern Mutual Wealth Management Co. lifted its position in CommVault Systems, Inc. (NASDAQ:CVLT) by 14,801.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 271,806 shares of the software maker’s stock after purchasing an additional 269,982 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in CommVault Systems were worth $35,030,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Cullen Frost Bankers Inc. grew its position in CommVault Systems by 43.8% in the third quarter. Cullen Frost Bankers Inc. now owns 243 shares of the software maker’s stock valued at $46,000 after acquiring an additional 74 shares during the period. JSF Financial LLC grew its holdings in shares of CommVault Systems by 1.1% during the third quarter. JSF Financial LLC now owns 7,345 shares of the software maker’s stock worth $1,387,000 after purchasing an additional 82 shares during the last quarter. Assetmark Inc. grew 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. Diversify Wealth Management LLC boosted its holdings in CommVault Systems by 1.6% in the third quarter. Diversify Wealth Management LLC now owns 7,060 shares of the software maker’s stock valued at $1,333,000 after acquiring an additional 110 shares during the last quarter. Finally, Optiver Holding B.V. boosted its holdings in CommVault Systems by 62.6% in the third quarter. Optiver Holding B.V. now owns 291 shares of the software maker’s stock valued at $55,000 after acquiring an additional 112 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CVLT has been the topic of several recent research reports. William Blair reiterated a “market perform” rating on shares of CommVault Systems in a report on Monday, March 23rd. Wells Fargo & Company cut their target price on CommVault Systems from $190.00 to $155.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 28th. Guggenheim cut their target price on CommVault Systems from $200.00 to $175.00 and set a “buy” rating on the stock in a research note on Wednesday, January 28th. Royal Bank Of Canada increased their target price on CommVault Systems from $100.00 to $110.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 29th. Finally, Mizuho dropped their price target on CommVault Systems from $180.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, CommVault Systems presently has a consensus rating of “Moderate Buy” and an average price target of $135.00.

CommVault Systems Stock Up 2.0%

NASDAQ:CVLT opened at $105.94 on Tuesday. 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 company has a market cap of $4.37 billion, a PE ratio of 66.63 and a beta of 0.77. CommVault Systems, Inc. has a 52-week low of $71.75 and a 52-week high of $200.68. The stock has a 50-day simple moving average of $88.72 and a 200 day simple moving average of $104.96.

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

Insider Activity at CommVault Systems

In other news, insider Gary Merrill sold 2,593 shares of CommVault Systems stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $90.28, for a total transaction of $234,096.04. Following the completion of the transaction, the insider directly owned 64,725 shares in the company, valued at approximately $5,843,373. The trade was a 3.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sanjay Mirchandani sold 10,338 shares of CommVault Systems stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $78.96, for a total value of $816,288.48. Following the transaction, the chief executive officer 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 SEC filing for this sale provides additional information. Insiders have sold a total of 31,355 shares of company stock worth $2,613,165 in the last ninety days. Insiders own 1.00% of the company’s stock.

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.