Corient Private Wealth LP Buys Shares of 70,320 CommVault Systems, Inc. $CVLT

Corient Private Wealth LP purchased a new stake in shares of CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 70,320 shares of the software maker's stock, valued at approximately $9,966,000. Corient Private Wealth LP owned 0.17% of CommVault Systems as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of CommVault Systems in the second quarter valued at approximately $855,420,000. Vanguard Group Inc. boosted its holdings in CommVault Systems by 4.4% in the 4th quarter. Vanguard Group Inc. now owns 5,675,590 shares of the software maker's stock valued at $711,492,000 after purchasing an additional 240,093 shares during the period. First Trust Advisors LP grew its position in shares of CommVault Systems by 25.5% during the 4th quarter. First Trust Advisors LP now owns 1,537,034 shares of the software maker's stock valued at $192,683,000 after purchasing an additional 312,178 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of CommVault Systems by 36.2% in the first quarter. Pictet Asset Management Holding SA now owns 1,239,225 shares of the software maker's stock worth $96,447,000 after purchasing an additional 329,243 shares during the period. Finally, Westfield Capital Management Co. LP raised its position in shares of CommVault Systems by 34.5% in the fourth quarter. Westfield Capital Management Co. LP now owns 1,057,077 shares of the software maker's stock worth $132,515,000 after buying an additional 270,902 shares in the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

CommVault Systems Stock Performance

NASDAQ CVLT opened at $136.40 on Monday. CommVault Systems, Inc. has a fifty-two week low of $71.75 and a fifty-two week high of $198.18. The company has a debt-to-equity ratio of 16.94, a quick ratio of 2.04 and a current ratio of 2.04. The stock has a 50 day simple moving average of $139.29 and a two-hundred day simple moving average of $111.44. The stock has a market cap of $5.65 billion, a P/E ratio of 86.88 and a beta of 0.81.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The software maker reported $1.42 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.26. The company had revenue of $314.13 million during 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 firm's revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.01 earnings per share. On average, analysts forecast that CommVault Systems, Inc. will post 2.84 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CVLT shares. Jefferies Financial Group reiterated a "hold" rating and set a $130.00 target price on shares of CommVault Systems in a research report on Wednesday, July 29th. Wall Street Zen upgraded shares of CommVault Systems from a "hold" rating to a "buy" rating in a research report on Sunday, August 23rd. DA Davidson set a $175.00 price objective on shares of CommVault Systems in a report on Wednesday, July 29th. Piper Sandler lowered shares of CommVault Systems from an "overweight" rating to a "neutral" rating and set a $133.00 target price for the company. in a research report on Tuesday, July 28th. Finally, Guggenheim reissued a "buy" rating on shares of CommVault Systems in a research note on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $152.47.

Insider Buying and Selling

In related news, CFO Gary Merrill sold 1,854 shares of the company's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $143.64, for a total value of $266,308.56. Following the sale, the chief financial officer directly owned 70,921 shares of the company's stock, valued at $10,187,092.44. This represents a 2.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 A Shane Sanders sold 476 shares of the firm's stock in a transaction on Monday, August 10th. The shares were sold at an average price of $134.19, for a total value of $63,874.44. Following the transaction, the director directly owned 8,696 shares of the company's stock, valued at $1,166,916.24. This represents a 5.19% 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 have sold a total of 29,602 shares of company stock worth $4,240,541 over the last quarter. Company insiders own 0.86% of the company's stock.

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.

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