Great Lakes Advisors LLC Makes New $3.84 Million Investment in CommVault Systems, Inc. $CVLT

Great Lakes Advisors LLC bought a new stake in shares of CommVault Systems, Inc. (NASDAQ:CVLT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 27,101 shares of the software maker’s stock, valued at approximately $3,841,000.

A number of other institutional investors also recently bought and sold shares of the stock. Versant Capital Management Inc increased its position in CommVault Systems by 15.8% during the second quarter. Versant Capital Management Inc now owns 595 shares of the software maker’s stock valued at $84,000 after acquiring an additional 81 shares during the last quarter. Assetmark Inc. lifted its holdings 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 acquiring an additional 82 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of CommVault Systems by 7.2% during the 4th quarter. Captrust Financial Advisors now owns 2,153 shares of the software maker’s stock worth $270,000 after purchasing an additional 145 shares during the period. MML Investors Services LLC boosted its stake in shares of CommVault Systems by 6.7% during the 4th quarter. MML Investors Services LLC now owns 2,361 shares of the software maker’s stock worth $296,000 after purchasing an additional 149 shares during the period. Finally, Madison Asset Management LLC grew its holdings in CommVault Systems by 0.6% during the 4th quarter. Madison Asset Management LLC now owns 23,947 shares of the software maker’s stock valued at $3,002,000 after purchasing an additional 153 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors.

CommVault Systems News Summary

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

• Positive Sentiment: Analysts maintain a consensus “Moderate Buy” rating, with an average price target of approximately $152.47. Recent targets include $155 from Stephens and $182 from Truist, although Piper Sandler downgraded the stock to neutral with a $133 target. CommVault Systems Given Consensus Rating of Moderate Buy by Analysts
• Positive Sentiment: Commvault’s latest quarterly results remain a supportive backdrop: earnings of $1.42 per share exceeded estimates by $0.26, revenue reached $314.13 million, and sales increased 11.4% year over year. CommVault Systems financial and analyst information
• Neutral Sentiment: CEO Sanjay Mirchandani sold 24,134 shares worth roughly $3.47 million from August 17–19. CFO Gary Merrill sold 3,147 shares worth about $451,000, while Chief Accounting Officer Danielle Abrahamsen sold 996 shares worth approximately $143,000. All reported sales were tied to tax withholding and left the executives with substantial remaining holdings. CommVault Systems insider buying and selling
• Negative Sentiment: The concentration of insider selling may create short-term supply and sentiment pressure, particularly with CVLT trading below its 50-day moving average and at a high valuation of more than 80 times earnings. Nevertheless, the planned, tax-related nature of the sales reduces the bearish significance.

CommVault Systems Trading Down 4.1%

NASDAQ CVLT opened at $131.63 on Friday. CommVault Systems, Inc. has a one year low of $71.75 and a one year high of $198.18. 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 company has a market capitalization of $5.45 billion, a price-to-earnings ratio of 83.84 and a beta of 0.81. The company’s 50-day simple moving average is $138.49 and its two-hundred day simple moving average is $109.32.

CommVault Systems (NASDAQ:CVLT) last posted its earnings results on Tuesday, July 28th. The software maker reported $1.42 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $310.43 million. During the same quarter in the prior year, the company posted $1.01 earnings per share. CommVault Systems’s revenue for the quarter was up 11.4% compared to the same quarter last year. Equities analysts forecast that CommVault Systems, Inc. will post 2.84 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CVLT. Truist Financial upped their target price on CommVault Systems from $155.00 to $182.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Wall Street Zen lowered CommVault Systems from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Stephens lifted their target price on CommVault Systems from $135.00 to $155.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 16th. KeyCorp raised their price target on shares of CommVault Systems from $125.00 to $175.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Finally, Guggenheim reissued a “buy” rating on shares of CommVault Systems in a research report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $152.47.

Insider Buying and Selling

In other CommVault Systems news, CEO Sanjay Mirchandani sold 6,857 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 value of $979,179.60. Following the completion of the sale, the chief executive officer owned 257,676 shares of the company’s stock, valued at approximately $36,796,132.80. This trade represents a 2.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 1,293 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $142.80, for a total transaction of $184,640.40. Following the transaction, the chief financial officer owned 69,628 shares in the company, valued at approximately $9,942,878.40. This trade represents a 1.82% 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 34,433 shares of company stock valued at $4,756,008 in the last 90 days. 0.86% of the stock is owned by insiders.

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.