American Capital Management Inc. Acquires New Position in CommVault Systems, Inc. $CVLT

Key Points

• American Capital Management acquired 440,931 CommVault Systems shares worth approximately $62.5 million, making CVLT its 11th-largest holding and representing about 2.8% of its portfolio. Institutional investors collectively own 93.5% of the company.
• CommVault reported stronger-than-expected quarterly results, with adjusted EPS of $1.42 versus the $1.16 consensus estimate and revenue of $314.1 million, up 11.4% year over year.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus rating and an average price target of $152.47, while insiders have sold about $4.24 million of stock over the past three months.

American Capital Management Inc. bought a new position in CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 440,931 shares of the software maker's stock, valued at approximately $62,493,000. CommVault Systems makes up about 2.8% of American Capital Management Inc.'s portfolio, making the stock its 11th largest holding. American Capital Management Inc. owned 1.06% of CommVault Systems at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CVLT. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of CommVault Systems in the second quarter valued at about $27,000. Silvant Capital Management LLC purchased a new stake in shares of CommVault Systems in the 2nd quarter worth approximately $30,000. State of Wyoming purchased a new stake in shares of CommVault Systems in the 2nd quarter worth approximately $35,000. Essential Partners LLC boosted its stake in shares of CommVault Systems by 9,920.0% during 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 bought a new position in shares of CommVault Systems during the third quarter valued at approximately $39,000. Institutional investors own 93.50% of the company's stock.

Insider Transactions at CommVault Systems

In other CommVault Systems news, Director A Shane Sanders sold 476 shares of CommVault Systems stock in a transaction on Monday, August 10th. The shares were sold at an average price of $134.19, for a total transaction of $63,874.44. Following the sale, the director owned 8,696 shares of the company's stock, valued at $1,166,916.24. The trade was a 5.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sanjay Mirchandani sold 12,437 shares of the business's stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $143.98, for a total transaction of $1,790,679.26. Following the transaction, the chief executive officer owned 269,373 shares in the company, valued at $38,784,324.54. The trade was a 4.41% 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 a total of 29,602 shares of company stock worth $4,240,541 in the last three months. 0.86% of the stock is owned by corporate insiders.

CommVault Systems Trading Up 2.4%

NASDAQ CVLT opened at $134.31 on Thursday. The company has a market capitalization of $5.57 billion, a PE ratio of 85.55 and a beta of 0.81. The company has a fifty day moving average of $138.95 and a 200 day moving average of $110.71. CommVault Systems, Inc. has a 1 year low of $71.75 and a 1 year high of $198.18. The company has a debt-to-equity ratio of 16.94, a current ratio of 2.04 and a quick ratio of 2.04.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last posted its earnings results on Tuesday, July 28th. The software maker reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.26. The firm 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 business's quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.01 EPS. Research analysts forecast that CommVault Systems, Inc. will post 2.84 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Stephens raised their price objective on CommVault Systems from $135.00 to $155.00 and gave the company an "overweight" rating in a research report on Tuesday, June 16th. KeyCorp boosted their target price on shares of CommVault Systems from $125.00 to $175.00 and gave the stock an "overweight" rating in a report on Thursday, July 16th. DA Davidson set a $175.00 price target on shares of CommVault Systems in a research report on Wednesday, July 29th. Oppenheimer raised their price target on shares of CommVault Systems from $150.00 to $175.00 and gave the company an "outperform" rating in a report on Friday, July 17th. Finally, Cantor Fitzgerald reiterated a "neutral" rating and set a $132.00 price objective on shares of CommVault Systems in a research note on Monday, July 27th. 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. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $152.47.

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.

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