Corient Private Wealth LP Takes Position in CommVault Systems, Inc. $CVLT

Corient Private Wealth LP purchased a new position in CommVault Systems, Inc. (NASDAQ:CVLT) in the 2nd quarter, HoldingsChannel reports. The fund purchased 70,320 shares of the software maker’s stock, valued at approximately $9,966,000.

A number of other hedge funds also recently bought and sold shares of CVLT. Bank of America Corp DE bought a new stake in CommVault Systems during the 2nd quarter valued at about $51,709,000. American Capital Management Inc. bought a new position in shares of CommVault Systems in the second quarter worth approximately $62,493,000. Man Group plc purchased a new stake in shares of CommVault Systems during the second quarter valued at approximately $3,576,000. Jupiter Topco LLC purchased a new stake in shares of CommVault Systems during the second quarter valued at approximately $29,142,000. Finally, Hsbc Holdings PLC bought a new stake in shares of CommVault Systems during the second quarter valued at approximately $207,000. Institutional investors own 93.50% of the company’s stock.

CommVault Systems Stock Performance

NASDAQ:CVLT opened at $136.40 on Monday. The company has a current ratio of 2.04, a quick 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 company has a market cap of $5.65 billion, a PE ratio of 86.88 and a beta of 0.81. The company has a 50 day simple moving average of $139.29 and a two-hundred day simple moving average of $111.44.

CommVault Systems (NASDAQ:CVLT) last announced its earnings results on Tuesday, July 28th. The software maker reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.26. The business had revenue of $314.13 million during the quarter, compared to analyst estimates of $310.43 million. CommVault Systems had a net margin of 5.62% and a return on equity of 88.75%. The company’s quarterly 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. Research analysts forecast that CommVault Systems, Inc. will post 2.84 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CVLT shares. UBS Group restated a “neutral” rating on shares of CommVault Systems in a report on Monday, July 27th. DA Davidson set a $175.00 target price on CommVault Systems in a research note on Wednesday, July 29th. Cantor Fitzgerald restated a “neutral” rating and issued a $132.00 price target on shares of CommVault Systems in a research note on Monday, July 27th. KeyCorp upped 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. Finally, Piper Sandler cut CommVault Systems from an “overweight” rating to a “neutral” rating and set a $133.00 price objective on the stock. in a research report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, CommVault Systems currently has an average rating of “Moderate Buy” and a consensus price target of $152.47.

Insider Activity at CommVault Systems

In related news, Director A Shane Sanders sold 476 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $134.19, for a total transaction of $63,874.44. Following the completion of the sale, the director owned 8,696 shares in the company, valued at approximately $1,166,916.24. This represents a 5.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vivie Lee sold 595 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was 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 in the company, valued at $2,031,636.60. The trade was a 3.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 29,602 shares of company stock valued at $4,240,541 in the last 90 days. 0.86% of the stock is owned by company insiders.

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.