Pictet Asset Management Holding SA Boosts Stake in CommVault Systems, Inc. $CVLT

Pictet Asset Management Holding SA lifted its holdings in CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) by 17.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 909,982 shares of the software maker's stock after buying an additional 138,091 shares during the period. Pictet Asset Management Holding SA owned approximately 2.06% of CommVault Systems worth $114,124,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Cullen Frost Bankers Inc. boosted its holdings in CommVault Systems by 43.8% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 243 shares of the software maker's stock valued at $46,000 after purchasing an additional 74 shares during the last quarter. JSF Financial LLC boosted its holdings in CommVault Systems by 1.1% in the 3rd quarter. JSF Financial LLC now owns 7,345 shares of the software maker's stock valued at $1,387,000 after purchasing an additional 82 shares during the last quarter. Assetmark Inc. boosted its holdings in CommVault Systems by 33.6% in the 4th quarter. Assetmark Inc. now owns 326 shares of the software maker's stock valued at $41,000 after purchasing an additional 82 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in CommVault Systems by 17.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 652 shares of the software maker's stock valued at $123,000 after purchasing an additional 95 shares during the last quarter. Finally, Diversify Wealth Management LLC boosted its holdings in CommVault Systems by 1.6% in the 3rd quarter. Diversify Wealth Management LLC now owns 7,060 shares of the software maker's stock valued at $1,333,000 after purchasing an additional 110 shares during the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other CommVault Systems news, insider Gary Merrill sold 1,892 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $91.28, for a total value of $172,701.76. Following the sale, the insider directly owned 62,833 shares of the company's stock, valued at approximately $5,735,396.24. This represents a 2.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Sanjay Mirchandani sold 10,052 shares of the stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $80.09, for a total transaction of $805,064.68. Following the completion of the sale, the chief executive officer directly owned 332,529 shares in the company, valued at approximately $26,632,247.61. This represents a 2.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 31,355 shares of company stock worth $2,613,165. Insiders own 1.00% of the company's stock.

CommVault Systems Trading Down 5.9%

Shares of NASDAQ:CVLT opened at $88.41 on Tuesday. CommVault Systems, Inc. has a 52 week low of $71.75 and a 52 week high of $200.68. The company's 50 day moving average is $85.04 and its two-hundred day moving average is $111.20. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 4.06. The company has a market cap of $3.89 billion, a PE ratio of 45.57 and a beta of 0.63.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last announced its quarterly earnings data on Tuesday, January 27th. The software maker reported $1.17 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.19. CommVault Systems had a net margin of 7.58% and a return on equity of 37.38%. The company had revenue of $313.83 million for the quarter, compared to the consensus estimate of $299.07 million. During the same period in the prior year, the firm posted $0.94 EPS. The company's quarterly revenue was up 19.5% compared to the same quarter last year. Equities analysts predict that CommVault Systems, Inc. will post 2.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CVLT. Scotiabank began coverage on shares of CommVault Systems in a report on Tuesday, April 21st. They issued a "sector perform" rating and a $105.00 target price on the stock. Stephens decreased their target price on shares of CommVault Systems from $162.00 to $135.00 and set an "overweight" rating on the stock in a report on Wednesday, January 28th. Wall Street Zen lowered shares of CommVault Systems from a "buy" rating to a "hold" rating in a report on Saturday, March 28th. Oppenheimer decreased their target price on shares of CommVault Systems from $180.00 to $150.00 and set an "outperform" rating on the stock in a report on Wednesday, January 28th. Finally, Robert W. Baird decreased their target price on shares of CommVault Systems from $185.00 to $160.00 and set an "outperform" rating on the stock in a report on Monday, April 13th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, CommVault Systems currently has an average rating of "Moderate Buy" and an average target price of $132.87.

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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