Vision Capital Management Inc. Grows Holdings in CommVault Systems, Inc. $CVLT

Vision Capital Management Inc. boosted its holdings in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 437.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 17,194 shares of the software maker’s stock after purchasing an additional 13,995 shares during the period. Vision Capital Management Inc.’s holdings in CommVault Systems were worth $3,246,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the stock. State of Wyoming purchased a new position in shares of CommVault Systems in the 2nd quarter valued at approximately $35,000. EverSource Wealth Advisors LLC increased its stake in CommVault Systems by 188.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 271 shares of the software maker’s stock valued at $47,000 after buying an additional 177 shares during the period. True Wealth Design LLC lifted its stake in shares of CommVault Systems by 244.6% in the 3rd quarter. True Wealth Design LLC now owns 286 shares of the software maker’s stock worth $54,000 after acquiring an additional 203 shares during the period. Employees Retirement System of Texas purchased a new stake in shares of CommVault Systems in the second quarter valued at about $55,000. Finally, Reyes Financial Architecture Inc. acquired a new position in shares of CommVault Systems during the second quarter worth about $98,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Insider Activity

In other CommVault Systems news, insider Gary Merrill sold 1,845 shares of the stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $122.40, for a total transaction of $225,828.00. Following the sale, the insider owned 67,318 shares in the company, valued at approximately $8,239,723.20. This represents a 2.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jennifer Leigh Dirico sold 830 shares of the business’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $123.58, for a total value of $102,571.40. Following the completion of the transaction, the chief financial officer directly owned 44,313 shares of the company’s stock, valued at approximately $5,476,200.54. This trade represents a 1.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 33,111 shares of company stock worth $4,058,851 over the last ninety days. 1.00% of the stock is currently owned by insiders.

CommVault Systems Stock Up 2.2%

CommVault Systems stock opened at $128.47 on Thursday. CommVault Systems, Inc. has a fifty-two week low of $114.46 and a fifty-two week high of $200.68. The firm has a market capitalization of $5.66 billion, a price-to-earnings ratio of 72.17 and a beta of 0.57. The stock’s fifty day moving average is $125.58 and its two-hundred day moving average is $159.60. The company has a debt-to-equity ratio of 4.18, a quick ratio of 2.53 and a current ratio of 2.53.

CommVault Systems (NASDAQ:CVLT) last released its quarterly earnings data on Tuesday, October 28th. The software maker reported $0.91 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.04). CommVault Systems had a return on equity of 31.53% and a net margin of 7.32%.The business had revenue of $276.19 million during the quarter, compared to analysts’ expectations of $273.31 million. During the same quarter in the prior year, the firm earned $0.83 earnings per share. CommVault Systems’s quarterly revenue was up 18.4% on a year-over-year basis. Analysts predict that CommVault Systems, Inc. will post 1.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CVLT has been the topic of several recent analyst reports. Mizuho started coverage on CommVault Systems in a research report on Monday, December 8th. They set an “outperform” rating and a $190.00 target price on the stock. DA Davidson reiterated a “buy” rating and issued a $220.00 price objective on shares of CommVault Systems in a research report on Thursday, November 13th. Wall Street Zen lowered shares of CommVault Systems from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Zacks Research upgraded shares of CommVault Systems from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Finally, KeyCorp reduced their price objective on shares of CommVault Systems from $225.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $188.17.

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.