Vanguard Group Inc. boosted its stake in shares of CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,675,590 shares of the software maker's stock after buying an additional 240,093 shares during the period. Vanguard Group Inc. owned 12.87% of CommVault Systems worth $711,492,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of CVLT. Tudor Investment Corp ET AL purchased a new stake in shares of CommVault Systems during the 3rd quarter valued at $1,887,800,000. First Trust Advisors LP lifted its holdings in shares of CommVault Systems by 1,335.8% during the 3rd quarter. First Trust Advisors LP now owns 1,224,856 shares of the software maker's stock valued at $231,228,000 after purchasing an additional 1,139,547 shares during the last quarter. M&T Bank Corp lifted its holdings in shares of CommVault Systems by 22,133.9% during the 4th quarter. M&T Bank Corp now owns 610,098 shares of the software maker's stock valued at $76,482,000 after purchasing an additional 607,354 shares during the last quarter. Westfield Capital Management Co. LP lifted its holdings in shares of CommVault Systems by 135.6% during the 3rd quarter. Westfield Capital Management Co. LP now owns 786,175 shares of the software maker's stock valued at $148,414,000 after purchasing an additional 452,422 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of CommVault Systems by 60.8% during the 2nd quarter. AQR Capital Management LLC now owns 893,385 shares of the software maker's stock valued at $155,744,000 after purchasing an additional 337,830 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company's stock.
Analyst Ratings Changes
Several brokerages have recently commented on CVLT. Guggenheim decreased their price objective on CommVault Systems from $200.00 to $175.00 and set a "buy" rating for the company in a report on Wednesday, January 28th. Scotiabank increased their price objective on CommVault Systems from $105.00 to $110.00 and gave the company a "sector perform" rating in a report on Wednesday, April 29th. Royal Bank Of Canada increased their price objective on CommVault Systems from $100.00 to $110.00 and gave the company a "sector perform" rating in a report on Wednesday, April 29th. Wall Street Zen upgraded CommVault Systems from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Cantor Fitzgerald decreased their price objective on CommVault Systems from $144.00 to $100.00 and set a "neutral" rating for the company in a report on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $135.00.
Check Out Our Latest Stock Analysis on CVLT
CommVault Systems Price Performance
NASDAQ CVLT opened at $99.57 on Monday. The company has a debt-to-equity ratio of 117.54, a current ratio of 1.95 and a quick ratio of 2.34. The stock's fifty day moving average price is $85.57 and its 200 day moving average price is $109.63. CommVault Systems, Inc. has a 1 year low of $71.75 and a 1 year high of $200.68. The company has a market cap of $4.38 billion, a price-to-earnings ratio of 62.62 and a beta of 0.77.
CommVault Systems (NASDAQ:CVLT - Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The software maker reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.19. The company had revenue of $311.69 million for the quarter, compared to the consensus estimate of $306.71 million. CommVault Systems had a return on equity of 51.64% and a net margin of 5.97%.The firm's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period last year, the firm earned $1.03 EPS. As a group, equities research analysts forecast that CommVault Systems, Inc. will post 2.86 earnings per share for the current year.
Insider Activity
In other CommVault Systems news, insider Gary Merrill sold 1,892 shares of the stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $91.28, for a total transaction 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 trade represents a 2.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sanjay Mirchandani sold 10,052 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $80.09, for a total value of $805,064.68. Following the sale, the chief executive officer directly owned 332,529 shares in the company, valued at $26,632,247.61. This represents a 2.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 31,355 shares of company stock worth $2,613,165 over the last ninety days. 1.00% of the stock is owned by insiders.
CommVault Systems Company Profile
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Free Report)
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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