State of Wyoming Buys Shares of 7,101 CommVault Systems, Inc. $CVLT

State of Wyoming purchased a new stake in shares of CommVault Systems, Inc. (NASDAQ:CVLT) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 7,101 shares of the software maker’s stock, valued at approximately $1,006,000.

A number of other large investors have also recently made changes to their positions in CVLT. Banque Cantonale Vaudoise purchased a new stake in CommVault Systems in the third quarter worth approximately $39,000. Advisory Services Network LLC bought a new position in shares of CommVault Systems during the 3rd quarter valued at $47,000. EverSource Wealth Advisors LLC lifted its holdings in shares of 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 buying an additional 177 shares during the period. Measured Wealth Private Client Group LLC purchased a new position in shares of CommVault Systems in the 3rd quarter worth $58,000. Finally, Assetmark Inc. boosted its stake in shares of CommVault Systems by 33.6% in the 4th quarter. Assetmark Inc. now owns 326 shares of the software maker’s stock worth $41,000 after buying an additional 82 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors.

Insider Activity at CommVault Systems

In related news, CFO Gary Merrill sold 4,554 shares of CommVault Systems stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $106.70, for a total transaction of $485,911.80. Following the transaction, the chief financial officer owned 72,775 shares in the company, valued at approximately $7,765,092.50. The trade was a 5.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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, Director A Shane Sanders sold 476 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $134.19, for a total value of $63,874.44. Following the completion of the sale, the director owned 8,696 shares of the company’s stock, valued at $1,166,916.24. The trade was a 5.19% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 56,350 shares of company stock worth $5,930,275 in the last 90 days. Insiders own 0.86% of the company’s stock.

CommVault Systems Price Performance

Shares of CommVault Systems stock opened at $147.09 on Friday. The stock has a market cap of $6.10 billion, a P/E ratio of 93.69 and a beta of 0.81. The company has a debt-to-equity ratio of 16.94, a quick ratio of 2.04 and a current ratio of 2.04. The stock’s fifty day moving average is $137.29 and its 200 day moving average is $108.03. CommVault Systems, Inc. has a one year low of $71.75 and a one year high of $198.18.

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

Analyst Ratings Changes

A number of research firms recently commented on CVLT. Stephens upped their price objective on CommVault Systems from $135.00 to $155.00 and gave the company an “overweight” rating in a research report on Tuesday, June 16th. Mizuho raised their target price on CommVault Systems from $140.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 15th. Jefferies Financial Group restated a “hold” rating and set a $130.00 price target on shares of CommVault Systems in a research note on Wednesday, July 29th. Wolfe Research began coverage on shares of CommVault Systems in a research report on Friday, May 1st. They set a “peer perform” rating for the company. Finally, Scotiabank reiterated a “sector perform” rating and issued a $130.00 price objective on shares of CommVault Systems in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $152.47.

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.