Gibbs Wealth Management Acquires 4,877 Shares of CommVault Systems, Inc. $CVLT

Gibbs Wealth Management lifted its holdings in CommVault Systems, Inc. (NASDAQ:CVLT) by 90.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 10,242 shares of the software maker’s stock after buying an additional 4,877 shares during the quarter. Gibbs Wealth Management’s holdings in CommVault Systems were worth $798,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of CVLT. Vanguard Group Inc. raised its holdings in CommVault Systems by 4.4% during the 4th quarter. Vanguard Group Inc. now owns 5,675,590 shares of the software maker’s stock worth $711,492,000 after buying an additional 240,093 shares during the period. First Trust Advisors LP boosted its holdings in shares of CommVault Systems by 25.5% in the fourth quarter. First Trust Advisors LP now owns 1,537,034 shares of the software maker’s stock valued at $192,683,000 after buying an additional 312,178 shares during the period. Pictet Asset Management Holding SA boosted its holdings in shares of CommVault Systems by 36.2% in the first quarter. Pictet Asset Management Holding SA now owns 1,239,225 shares of the software maker’s stock valued at $96,447,000 after buying an additional 329,243 shares during the period. Westfield Capital Management Co. LP increased its position in shares of CommVault Systems by 34.5% during the fourth quarter. Westfield Capital Management Co. LP now owns 1,057,077 shares of the software maker’s stock worth $132,515,000 after acquiring an additional 270,902 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of CommVault Systems by 60.8% during the second quarter. AQR Capital Management LLC now owns 893,385 shares of the software maker’s stock worth $155,744,000 after acquiring an additional 337,830 shares in the last quarter. 93.50% of the stock is owned by institutional investors.

Insider Buying and Selling at CommVault Systems

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 shares were sold at an average price of $106.70, for a total transaction of $485,911.80. Following the sale, the chief financial officer directly owned 72,775 shares of the company’s stock, valued at $7,765,092.50. The trade was a 5.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is available 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, CAO Danielle Nicole Abrahamsen sold 254 shares of the stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $150.00, for a total transaction of $38,100.00. Following the transaction, the chief accounting officer owned 13,156 shares of the company’s stock, valued at approximately $1,973,400. This represents a 1.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 55,279 shares of company stock worth $5,786,557. Insiders own 0.86% of the company’s stock.

CommVault Systems Price Performance

NASDAQ CVLT opened at $142.31 on Friday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 117.54. CommVault Systems, Inc. has a 12-month low of $71.75 and a 12-month high of $200.68. The company has a market capitalization of $5.89 billion, a PE ratio of 89.50 and a beta of 0.79. The firm’s 50 day moving average is $130.92 and its 200-day moving average is $107.03.

CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings data on Tuesday, April 28th. The software maker reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.19. CommVault Systems had a net margin of 5.97% and a return on equity of 51.64%. The business had revenue of $311.69 million for the quarter, compared to analyst estimates of $306.71 million. During the same quarter in the previous year, the firm posted $1.03 earnings per share. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. Equities research analysts anticipate that CommVault Systems, Inc. will post 2.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CVLT shares. Weiss Ratings raised shares of CommVault Systems from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 16th. Scotiabank increased their target price on CommVault Systems from $105.00 to $110.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 29th. Stephens increased their target price on CommVault Systems from $135.00 to $155.00 and gave the stock an “overweight” rating in a report on Tuesday, June 16th. DA Davidson reissued a “buy” rating and issued a $125.00 price target on shares of CommVault Systems in a research note on Monday, April 13th. Finally, KeyCorp boosted their price target on CommVault Systems from $125.00 to $175.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $145.47.

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.