California State Teachers Retirement System Has $4.02 Million Stake in CommVault Systems, Inc. $CVLT

Key Points

• California State Teachers Retirement System increased its CommVault Systems stake by 23% in the first quarter, bringing its holdings to 51,630 shares valued at approximately $4.02 million. Institutional investors collectively own 93.5% of the company.
• CommVault reported quarterly EPS of $1.42, beating estimates of $1.16, while revenue rose 11.4% year over year to $314.13 million. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $152.47.
• CommVault shares opened at $135.27, and insiders sold 55,279 shares worth approximately $5.79 million over the past three months, primarily through pre-arranged Rule 10b5-1 plans.

California State Teachers Retirement System grew its position in CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) by 23.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 51,630 shares of the software maker's stock after purchasing an additional 9,663 shares during the quarter. California State Teachers Retirement System owned approximately 0.13% of CommVault Systems worth $4,021,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. State of Wyoming bought a new stake in CommVault Systems in the second quarter worth approximately $35,000. Banque Cantonale Vaudoise bought a new stake in shares of CommVault Systems in the 3rd quarter valued at $39,000. Advisory Services Network LLC bought a new stake in shares of CommVault Systems in the 3rd quarter valued at $47,000. EverSource Wealth Advisors LLC lifted its position in shares of CommVault Systems by 188.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 271 shares of the software maker's stock valued at $47,000 after acquiring an additional 177 shares during the period. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of CommVault Systems during the 3rd quarter valued at $58,000. Institutional investors own 93.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Robert W. Baird reduced their price target on shares of CommVault Systems from $185.00 to $160.00 and set an "outperform" rating for the company in a report on Monday, April 13th. Wall Street Zen raised shares of CommVault Systems from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. KeyCorp raised their target price on CommVault Systems from $125.00 to $175.00 and gave the company an "overweight" rating in a research note on Thursday, July 16th. UBS Group reaffirmed a "neutral" rating on shares of CommVault Systems in a research report on Monday, July 27th. Finally, Wolfe Research assumed coverage on CommVault Systems in a research note on Friday, May 1st. They set a "peer perform" rating on the stock. One 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $152.47.

CommVault Systems Stock Up 1.4%

Shares of NASDAQ CVLT opened at $135.27 on Friday. The stock has a market capitalization of $5.61 billion, a P/E ratio of 86.16 and a beta of 0.81. The company has a 50-day moving average price of $135.03 and a 200-day moving average price of $107.24. 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 released its quarterly earnings results on Tuesday, July 28th. The software maker reported $1.42 earnings per share (EPS) 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 the consensus estimate of $310.43 million. CommVault Systems had a return on equity of 88.75% and a net margin of 5.62%.The company's quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.01 EPS. On average, equities research analysts forecast that CommVault Systems, Inc. will post 2.84 EPS for the current fiscal year.

Insider Activity at CommVault Systems

In other CommVault Systems news, CEO Sanjay Mirchandani sold 8,450 shares of the firm's stock in a transaction 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 transaction, the chief executive officer directly owned 306,927 shares in the company, valued at approximately $30,425,673.51. This trade represents a 2.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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, CAO Danielle Nicole Abrahamsen sold 254 shares of CommVault Systems stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $150.00, for a total transaction of $38,100.00. Following the transaction, the chief accounting officer directly owned 13,156 shares in the company, valued at $1,973,400. This represents a 1.89% 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 three months, insiders sold 55,279 shares of company stock valued at $5,786,557. 0.86% of the stock is owned by 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.

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