25,230 Shares in CommVault Systems, Inc. $CVLT Purchased by Man Group plc

Man Group plc purchased a new stake in shares of CommVault Systems, Inc. (NASDAQ:CVLT) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 25,230 shares of the software maker’s stock, valued at approximately $3,576,000. Man Group plc owned 0.06% of CommVault Systems as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CVLT. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of CommVault Systems in the 2nd quarter worth approximately $27,000. Silvant Capital Management LLC bought a new stake in shares of CommVault Systems during the second quarter valued at approximately $30,000. State of Wyoming bought a new stake in shares of CommVault Systems during the second quarter valued at approximately $35,000. Essential Partners LLC raised its stake in shares of CommVault Systems by 9,920.0% in the first quarter. Essential Partners LLC now owns 501 shares of the software maker’s stock valued at $39,000 after purchasing an additional 496 shares in the last quarter. Finally, Banque Cantonale Vaudoise acquired a new position in shares of CommVault Systems in the third quarter valued at $39,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Insider Transactions at CommVault Systems

In other news, CAO Danielle Nicole Abrahamsen sold 486 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $142.80, for a total value of $69,400.80. Following the completion of the sale, the chief accounting officer directly owned 12,160 shares in the company, valued at approximately $1,736,448. This trade represents a 3.84% decrease in their ownership of the stock. 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, Director Vivie Lee sold 595 shares of CommVault Systems stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $134.19, for a total value of $79,843.05. Following the completion of the transaction, the director directly owned 15,140 shares of the company’s stock, valued at $2,031,636.60. This represents a 3.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 29,602 shares of company stock worth $4,240,541. 0.86% of the stock is owned by company insiders.

CommVault Systems Stock Performance

NASDAQ CVLT opened at $137.52 on Tuesday. CommVault Systems, Inc. has a 1-year low of $71.75 and a 1-year high of $198.18. The company has a 50 day moving average of $139.52 and a 200-day moving average of $111.79. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 16.94. The firm has a market cap of $5.70 billion, a price-to-earnings ratio of 87.59 and a beta of 0.81.

CommVault Systems (NASDAQ:CVLT) last announced its earnings results on Tuesday, July 28th. The software maker reported $1.42 EPS for the quarter, topping the consensus estimate of $1.16 by $0.26. The business had revenue of $314.13 million for the quarter, compared to the consensus estimate of $310.43 million. CommVault Systems had a return on equity of 88.75% and a net margin of 5.62%.CommVault Systems’s revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.01 EPS. On average, equities analysts forecast that CommVault Systems, Inc. will post 2.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on CVLT. Jefferies Financial Group reiterated a “hold” rating and set a $130.00 price target on shares of CommVault Systems in a research note on Wednesday, July 29th. Truist Financial raised their price objective on shares of CommVault Systems from $155.00 to $182.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Mizuho lifted their target price on shares of CommVault Systems from $140.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, July 15th. Weiss Ratings raised shares of CommVault Systems from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 16th. Finally, Piper Sandler lowered shares of CommVault Systems from an “overweight” rating to a “neutral” rating and set a $133.00 price target for the company. in a research report on Tuesday, July 28th. One equities research 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $152.47.

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.