Virtus Advisers LLC Invests $959,000 in CommVault Systems, Inc. $CVLT

Virtus Advisers LLC acquired a new position in shares of CommVault Systems, Inc. (NASDAQ:CVLT) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,769 shares of the software maker’s stock, valued at approximately $959,000.

Several other large investors have also bought and sold shares of CVLT. Boston Trust Walden Corp bought a new stake in shares of CommVault Systems during the 4th quarter valued at approximately $30,830,000. Intech Investment Management LLC lifted its stake in CommVault Systems by 52.4% in the 4th quarter. Intech Investment Management LLC now owns 86,634 shares of the software maker’s stock valued at $10,860,000 after purchasing an additional 29,796 shares during the last quarter. Epoch Investment Partners Inc. acquired a new stake in CommVault Systems in the fourth quarter valued at approximately $27,278,000. Madison Asset Management LLC boosted its position in CommVault Systems by 39.7% in the first quarter. Madison Asset Management LLC now owns 33,459 shares of the software maker’s stock valued at $2,606,000 after buying an additional 9,512 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of CommVault Systems by 410.8% during the fourth quarter. BNP Paribas Financial Markets now owns 320,468 shares of the software maker’s stock worth $40,174,000 after buying an additional 257,729 shares during the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Cantor Fitzgerald reiterated a “neutral” rating and set a $132.00 price target on shares of CommVault Systems in a report on Monday, July 27th. Wolfe Research assumed coverage on CommVault Systems in a report on Friday, May 1st. They set a “peer perform” rating on the stock. DA Davidson set a $175.00 price objective on CommVault Systems in a research report on Wednesday, July 29th. KeyCorp upped their target price on CommVault Systems from $125.00 to $175.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Finally, Weiss Ratings upgraded CommVault Systems from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $152.47.

CommVault Systems Stock Down 4.1%

Shares of NASDAQ:CVLT opened at $131.63 on Friday. The firm has a market cap of $5.45 billion, a P/E ratio of 83.84 and a beta of 0.81. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 16.94. CommVault Systems, Inc. has a 12-month low of $71.75 and a 12-month high of $198.18. The business has a fifty day simple moving average of $138.49 and a 200 day simple moving average of $109.32.

CommVault Systems (NASDAQ:CVLT) last released its quarterly earnings results on Tuesday, July 28th. The software maker reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.26. The firm had revenue of $314.13 million for the quarter, compared to analyst estimates of $310.43 million. CommVault Systems had a return on equity of 88.75% and a net margin of 5.62%.The business’s revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.01 EPS. Analysts predict that CommVault Systems, Inc. will post 2.84 earnings per share for the current year.

Insider Buying and Selling

In other CommVault Systems news, CFO Gary Merrill sold 4,554 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $106.70, for a total transaction of $485,911.80. Following the completion of the transaction, the chief financial officer owned 72,775 shares in the company, valued at approximately $7,765,092.50. This trade represents a 5.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $134.19, for a total transaction of $79,843.05. Following the completion of the transaction, the director owned 15,140 shares in the company, valued at $2,031,636.60. This trade represents a 3.78% decrease in their position. 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. Insiders sold 34,433 shares of company stock valued at $4,756,008 over the last 90 days. 0.86% of the stock is currently owned by corporate insiders.

CommVault Systems News Roundup

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

• Positive Sentiment: Analysts maintain a consensus “Moderate Buy” rating, with an average price target of approximately $152.47. Recent targets include $155 from Stephens and $182 from Truist, although Piper Sandler downgraded the stock to neutral with a $133 target. CommVault Systems Given Consensus Rating of Moderate Buy by Analysts
• Positive Sentiment: Commvault’s latest quarterly results remain a supportive backdrop: earnings of $1.42 per share exceeded estimates by $0.26, revenue reached $314.13 million, and sales increased 11.4% year over year. CommVault Systems financial and analyst information
• Neutral Sentiment: CEO Sanjay Mirchandani sold 24,134 shares worth roughly $3.47 million from August 17–19. CFO Gary Merrill sold 3,147 shares worth about $451,000, while Chief Accounting Officer Danielle Abrahamsen sold 996 shares worth approximately $143,000. All reported sales were tied to tax withholding and left the executives with substantial remaining holdings. CommVault Systems insider buying and selling
• Negative Sentiment: The concentration of insider selling may create short-term supply and sentiment pressure, particularly with CVLT trading below its 50-day moving average and at a high valuation of more than 80 times earnings. Nevertheless, the planned, tax-related nature of the sales reduces the bearish significance.

CommVault Systems Company 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.