Sei Investments Co. Boosts Holdings in CommVault Systems, Inc. $CVLT

Sei Investments Co. raised its position in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 102.0% during the first quarter, HoldingsChannel reports. The fund owned 144,960 shares of the software maker’s stock after acquiring an additional 73,206 shares during the quarter. Sei Investments Co.’s holdings in CommVault Systems were worth $11,291,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CVLT. State of Wyoming bought a new stake in shares of CommVault Systems in the 2nd quarter worth about $35,000. Banque Cantonale Vaudoise bought a new position in CommVault Systems during the 3rd quarter valued at about $39,000. Advisory Services Network LLC bought a new position in CommVault Systems during the 3rd quarter valued at about $47,000. EverSource Wealth Advisors LLC grew its holdings in CommVault Systems by 188.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 271 shares of the software maker’s stock valued at $47,000 after purchasing an additional 177 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in CommVault Systems in the 4th quarter worth about $36,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

CommVault Systems Price Performance

Shares of CVLT stock opened at $117.80 on Friday. CommVault Systems, Inc. has a twelve month low of $71.75 and a twelve month high of $198.18. The company has a current ratio of 2.04, a quick ratio of 1.95 and a debt-to-equity ratio of 16.94. The stock has a fifty day simple moving average of $132.89 and a two-hundred day simple moving average of $107.00. The stock has a market capitalization of $4.88 billion, a price-to-earnings ratio of 75.03 and a beta of 0.79.

CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings results on Tuesday, July 28th. The software maker reported $1.42 EPS for the quarter, beating the consensus estimate of $1.16 by $0.26. The firm had revenue of $314.13 million for the quarter, compared to analyst estimates of $310.43 million. CommVault Systems had a return on equity of 88.75% and a net margin of 5.62%.The business’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.01 earnings per share. On average, analysts predict that CommVault Systems, Inc. will post 2.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CVLT. UBS Group reissued a “neutral” rating on shares of CommVault Systems in a research note on Monday. Weiss Ratings upgraded CommVault Systems from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 16th. Guggenheim reissued a “buy” rating on shares of CommVault Systems in a research note on Tuesday. KeyCorp raised their price target on CommVault Systems from $125.00 to $175.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Finally, Wolfe Research started coverage on CommVault Systems in a report on Friday, May 1st. They set a “peer perform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, CommVault Systems presently has an average rating of “Moderate Buy” and a consensus price target of $152.47.

Insiders Place Their Bets

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

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.