Robeco Institutional Asset Management B.V. Boosts Stake in CommVault Systems, Inc. $CVLT

Robeco Institutional Asset Management B.V. increased its stake in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 24.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 69,325 shares of the software maker’s stock after buying an additional 13,517 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in CommVault Systems were worth $13,087,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Versor Investments LP raised its stake in shares of CommVault Systems by 158.6% during the 2nd quarter. Versor Investments LP now owns 4,396 shares of the software maker’s stock valued at $766,000 after buying an additional 2,696 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of CommVault Systems by 15.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 637,404 shares of the software maker’s stock worth $118,481,000 after buying an additional 83,906 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in CommVault Systems by 23.8% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,750 shares of the software maker’s stock worth $305,000 after acquiring an additional 336 shares during the period. Vontobel Holding Ltd. raised its position in CommVault Systems by 171.2% during the third quarter. Vontobel Holding Ltd. now owns 15,860 shares of the software maker’s stock valued at $2,994,000 after acquiring an additional 10,012 shares in the last quarter. Finally, Vise Technologies Inc. acquired a new position in CommVault Systems in the second quarter valued at approximately $429,000. 93.50% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Jennifer Leigh Dirico sold 830 shares of CommVault Systems stock in a transaction that occurred 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 sale, the chief financial officer directly owned 44,313 shares of the company’s stock, valued at $5,476,200.54. The trade was a 1.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Gary Merrill sold 1,845 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $122.40, for a total value of $225,828.00. Following the sale, the insider owned 67,318 shares of the company’s stock, valued at $8,239,723.20. The trade was a 2.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 33,111 shares of company stock worth $4,058,851. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Truist Financial dropped their price objective on shares of CommVault Systems from $230.00 to $210.00 and set a “buy” rating on the stock in a research note on Wednesday, October 29th. Wells Fargo & Company dropped their price target on shares of CommVault Systems from $220.00 to $190.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Guggenheim reaffirmed a “buy” rating and issued a $220.00 price objective on shares of CommVault Systems in a report on Thursday, October 16th. Cantor Fitzgerald decreased their price objective on shares of CommVault Systems from $189.00 to $144.00 and set a “neutral” rating for the company in a research report on Wednesday, October 29th. Finally, Oppenheimer initiated coverage on CommVault Systems in a research report on Monday, November 10th. They set an “outperform” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, CommVault Systems has a consensus rating of “Moderate Buy” and an average target price of $188.17.

CommVault Systems Stock Performance

NASDAQ:CVLT opened at $124.14 on Friday. The company has a debt-to-equity ratio of 4.18, a quick ratio of 2.53 and a current ratio of 2.53. The stock has a market capitalization of $5.47 billion, a PE ratio of 69.74 and a beta of 0.57. CommVault Systems, Inc. has a fifty-two week low of $114.46 and a fifty-two week high of $200.68. The company has a fifty day moving average of $125.31 and a two-hundred day moving average of $159.36.

CommVault Systems (NASDAQ:CVLT) last announced its earnings results on Tuesday, October 28th. The software maker reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.04). CommVault Systems had a net margin of 7.32% and a return on equity of 31.53%. The company had revenue of $276.19 million during the quarter, compared to analyst estimates of $273.31 million. During the same quarter last year, the business earned $0.83 EPS. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. As a group, research analysts forecast that CommVault Systems, Inc. will post 1.65 earnings per share for the current fiscal year.

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.