Pallas Capital Advisors LLC Acquires Shares of 3,715 CommVault Systems, Inc. $CVLT

Pallas Capital Advisors LLC acquired a new position in shares of CommVault Systems, Inc. (NASDAQ:CVLT) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,715 shares of the software maker’s stock, valued at approximately $527,000.

A number of other institutional investors also recently made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of CommVault Systems during the 2nd quarter valued at approximately $27,000. State of Wyoming bought a new stake in shares of CommVault Systems in the second quarter worth $35,000. Essential Partners LLC raised its holdings in CommVault Systems by 9,920.0% in the first quarter. Essential Partners LLC now owns 501 shares of the software maker’s stock valued at $39,000 after acquiring an additional 496 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in CommVault Systems in the third quarter valued at $39,000. Finally, Assetmark Inc. boosted its stake in CommVault Systems by 33.6% during the 4th quarter. Assetmark Inc. now owns 326 shares of the software maker’s stock valued at $41,000 after acquiring an additional 82 shares during the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on CVLT shares. Guggenheim reissued a “buy” rating on shares of CommVault Systems in a report on Tuesday, July 28th. Oppenheimer increased their price target on shares of CommVault Systems from $150.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, July 17th. Scotiabank reiterated a “sector perform” rating and issued a $130.00 price target on shares of CommVault Systems in a research note on Wednesday, July 29th. Royal Bank Of Canada lifted their price target on CommVault Systems from $100.00 to $110.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 29th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $132.00 price objective on shares of CommVault Systems in a report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $152.47.

Key CommVault Systems News

Here are the key news stories impacting CommVault Systems this week:

• Positive Sentiment: Commvault expanded its Cloud Rewind offering with broader Microsoft Azure resource coverage, aiming to help customers protect and recover cloud-native and AI-driven applications after cyberattacks or outages. The announcement supports the company’s positioning in the growing data resilience, cloud protection and AI infrastructure markets. Commvault Advances AI and Cloud Application Resilience with Expanded Cloud Rewind Coverage
• Positive Sentiment: Analysts assign Commvault a consensus rating of “Moderate Buy,” indicating that overall Wall Street sentiment remains favorable despite recent selling pressure. CommVault Systems Given Consensus Rating of Moderate Buy
• Neutral Sentiment: CEO Sanjay Mirchandani, CFO Gary Merrill and Chief Accounting Officer Danielle Abrahamsen reported sales of company stock during August 17–19. The transactions were executed under pre-arranged Rule 10b5-1 plans and were specifically described as sales to cover tax-withholding obligations from vested equity awards, reducing their significance as a discretionary bearish signal. Executives continue to own substantial positions.
• Negative Sentiment: Bernstein Liebhard announced an investigation into potential breaches of fiduciary duty by certain Commvault directors and officers. The investigation is at an early stage and does not establish wrongdoing, but it introduces legal and governance uncertainty that could weigh on investor sentiment. CommVault Shareholder Investigation Alert

CommVault Systems Stock Down 3.8%

CVLT stock opened at $137.32 on Thursday. The company has a debt-to-equity ratio of 16.94, a current ratio of 2.04 and a quick ratio of 2.04. CommVault Systems, Inc. has a 1-year low of $71.75 and a 1-year high of $198.18. The firm has a fifty day moving average price of $138.40 and a two-hundred day moving average price of $108.99. The firm has a market cap of $5.69 billion, a price-to-earnings ratio of 87.46 and a beta of 0.81.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings results on Tuesday, July 28th. The software maker reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.26. CommVault Systems had a net margin of 5.62% and a return on equity of 88.75%. The company had revenue of $314.13 million for the quarter, compared to the consensus estimate of $310.43 million. During the same period last year, the firm posted $1.01 EPS. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. Research analysts predict that CommVault Systems, Inc. will post 2.84 EPS for the current year.

Insider Activity

In other CommVault Systems news, Director A Shane Sanders sold 476 shares of the firm’s stock in a transaction dated 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 owned 8,696 shares of the company’s stock, valued at $1,166,916.24. This trade represents a 5.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Danielle Nicole Abrahamsen sold 486 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $142.80, for a total transaction of $69,400.80. Following the completion of the transaction, the chief accounting officer directly owned 12,160 shares in the company, valued at $1,736,448. This represents a 3.84% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 38,311 shares of company stock valued at $5,172,467 over the last quarter. Corporate insiders own 0.86% of the company’s stock.

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.