Inspire Investing LLC Has $1.26 Million Stake in CommVault Systems, Inc. $CVLT

Inspire Investing LLC increased its holdings in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 47.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,176 shares of the software maker’s stock after buying an additional 5,210 shares during the quarter. Inspire Investing LLC’s holdings in CommVault Systems were worth $1,260,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of CVLT. Boston Trust Walden Corp purchased a new stake in CommVault Systems in the 4th quarter worth approximately $30,830,000. Intech Investment Management LLC boosted its stake in shares of CommVault Systems by 52.4% during the 4th quarter. Intech Investment Management LLC now owns 86,634 shares of the software maker’s stock valued at $10,860,000 after buying an additional 29,796 shares during the period. Epoch Investment Partners Inc. purchased a new position in shares of CommVault Systems during the 4th quarter valued at $27,278,000. Victory Capital Management Inc. increased its stake in shares of CommVault Systems by 19.4% in the third quarter. Victory Capital Management Inc. now owns 118,284 shares of the software maker’s stock worth $22,330,000 after acquiring an additional 19,218 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of CommVault Systems by 410.8% in the fourth quarter. BNP Paribas Financial Markets now owns 320,468 shares of the software maker’s stock worth $40,174,000 after acquiring an additional 257,729 shares during the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity at CommVault Systems

In other CommVault Systems news, CAO Danielle Nicole Abrahamsen sold 277 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $106.70, for a total transaction of $29,555.90. Following the completion of the sale, the chief accounting officer directly owned 13,166 shares of the company’s stock, valued at approximately $1,404,812.20. The trade was a 2.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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, CEO Sanjay Mirchandani sold 8,450 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $99.13, for a total transaction of $837,648.50. Following the sale, the chief executive officer directly owned 306,927 shares of the company’s stock, valued at approximately $30,425,673.51. This trade represents a 2.68% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 55,025 shares of company stock valued at $5,748,457 in the last three months. Corporate insiders own 0.86% of the company’s stock.

CommVault Systems Stock Up 3.7%

CVLT stock opened at $147.02 on Thursday. CommVault Systems, Inc. has a twelve month low of $71.75 and a twelve month high of $200.68. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 117.54. The company has a market cap of $6.09 billion, a PE ratio of 92.47 and a beta of 0.79. The business’s 50-day simple moving average is $114.40 and its 200 day simple moving average is $104.21.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings results on Tuesday, April 28th. The software maker reported $1.28 earnings per share 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 firm had revenue of $311.69 million for the quarter, compared to the consensus estimate of $306.71 million. During the same quarter in the previous year, the company earned $1.03 earnings per share. The business’s revenue was up 13.3% compared to the same quarter last year. On average, research analysts anticipate that CommVault Systems, Inc. will post 2.86 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Royal Bank Of Canada raised their price target on CommVault Systems from $100.00 to $110.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 29th. Robert W. Baird dropped their price objective on CommVault Systems from $185.00 to $160.00 and set an “outperform” rating on the stock in a report on Monday, April 13th. Mizuho raised their price objective on shares of CommVault Systems from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, June 10th. Wall Street Zen cut shares of CommVault Systems from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Scotiabank boosted their target price on shares of CommVault Systems from $105.00 to $110.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, CommVault Systems has a consensus rating of “Moderate Buy” and an average price target of $136.33.

Key CommVault Systems News

Here are the key news stories impacting CommVault Systems this week:

• Positive Sentiment: CommVault received another strong third-party endorsement, being named a Leader in Gartner’s Magic Quadrant for Backup and Data Protection Platforms for the 15th straight year, which supports the company’s competitive positioning and could help reassure investors about demand. Article Title
• Neutral Sentiment: Analyst sentiment remains constructive, with CommVault reportedly carrying a consensus “Moderate Buy” rating, suggesting Wall Street still sees upside despite the current legal issues.

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.