102,777 Shares in CommVault Systems, Inc. $CVLT Acquired by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC purchased a new stake in shares of CommVault Systems, Inc. (NASDAQ:CVLT) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 102,777 shares of the software maker’s stock, valued at approximately $8,005,000. Mizuho Markets Americas LLC owned about 0.25% of CommVault Systems at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. State of Wyoming acquired a new stake in shares of CommVault Systems during the 2nd quarter worth about $35,000. FNY Investment Advisers LLC bought a new position in CommVault Systems in the 4th quarter valued at about $36,000. Banque Cantonale Vaudoise acquired a new stake in CommVault Systems during the third quarter worth approximately $39,000. Assetmark Inc. grew 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 buying an additional 82 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings 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 in the last quarter. 93.50% of the stock is owned by institutional investors.

Insider Buying and Selling at CommVault Systems

In other CommVault Systems news, CEO Sanjay Mirchandani sold 19,396 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $105.49, for a total transaction of $2,046,084.04. Following the completion of the sale, the chief executive officer directly owned 315,377 shares in the company, valued at $33,269,119.73. This represents a 5.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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. Also, CFO Gary Merrill sold 4,560 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $105.10, for a total value of $479,256.00. Following the completion of the sale, the chief financial officer directly owned 72,507 shares in the company, valued at approximately $7,620,485.70. This represents a 5.92% decrease in their position. The SEC filing for this sale provides additional information. 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 sold a total of 55,279 shares of company stock worth $5,786,557 over the last three months. Corporate insiders own 0.86% of the company’s stock.

CommVault Systems Trading Up 0.6%

Shares of CommVault Systems stock opened at $141.14 on Friday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 117.54. CommVault Systems, Inc. has a 12-month low of $71.75 and a 12-month high of $200.68. The company has a market capitalization of $5.85 billion, a price-to-earnings ratio of 88.77 and a beta of 0.79. The firm’s 50-day moving average price is $130.16 and its two-hundred day moving average price is $106.78.

CommVault Systems (NASDAQ:CVLT) last issued its earnings results on Tuesday, April 28th. The software maker reported $1.28 EPS for the quarter, beating the consensus estimate of $1.09 by $0.19. The company had revenue of $311.69 million during the quarter, compared to analysts’ expectations of $306.71 million. CommVault Systems had a net margin of 5.97% and a return on equity of 51.64%. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.03 EPS. On average, analysts forecast that CommVault Systems, Inc. will post 2.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CVLT has been the subject of a number of research reports. Zacks Research downgraded CommVault Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Stephens raised their price target on shares of CommVault Systems from $135.00 to $155.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 16th. Royal Bank Of Canada lifted their price objective on shares of CommVault Systems from $100.00 to $110.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 29th. Truist Financial increased their target price on shares of CommVault Systems from $155.00 to $182.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Jefferies Financial Group began coverage on shares of CommVault Systems in a report on Monday, April 27th. They set a “hold” rating and a $105.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, CommVault Systems currently has an average rating of “Moderate Buy” and a consensus target price of $145.47.

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.