CommVault Systems, Inc. $CVLT Holdings Lifted by Wellington Management Group LLP

Wellington Management Group LLP raised its position in CommVault Systems, Inc. (NASDAQ:CVLT) by 57.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 402,054 shares of the software maker’s stock after purchasing an additional 146,055 shares during the quarter. Wellington Management Group LLP’s holdings in CommVault Systems were worth $56,983,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Empowered Funds LLC acquired a new position in shares of CommVault Systems during the second quarter valued at $495,000. Equitable Holdings Inc. bought a new position in CommVault Systems in the 2nd quarter valued at about $488,000. Public Employees Retirement System of Ohio acquired a new position in CommVault Systems during the 2nd quarter valued at about $55,000. Transamerica Financial Advisors LLC bought a new stake in shares of CommVault Systems during the 2nd quarter worth about $25,000. Finally, Corient Private Wealth LP bought a new stake in shares of CommVault Systems during the 2nd quarter worth about $9,966,000. Institutional investors own 93.50% of the company’s stock.

CommVault Systems Stock Up 4.2%

CommVault Systems stock opened at $137.12 on Friday. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 16.94. CommVault Systems, Inc. has a 1-year low of $71.75 and a 1-year high of $198.18. The firm’s fifty day simple moving average is $139.68 and its 200-day simple moving average is $112.74. The company has a market capitalization of $5.68 billion, a P/E ratio of 87.34 and a beta of 0.82.

CommVault Systems (NASDAQ:CVLT) last issued its quarterly earnings data on Tuesday, July 28th. The software maker reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $310.43 million. During the same period last year, the business earned $1.01 EPS. The firm’s revenue was up 11.4% compared to the same quarter last year. Sell-side analysts forecast that CommVault Systems, Inc. will post 2.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

CVLT has been the subject of a number of research analyst reports. Mizuho upped 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. UBS Group reissued a “neutral” rating on shares of CommVault Systems in a research note on Monday, July 27th. Piper Sandler cut CommVault Systems from an “overweight” rating to a “neutral” rating and set a $133.00 target price for the company. in a research note on Tuesday, July 28th. Oppenheimer boosted 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. Finally, KeyCorp boosted their target price on shares of CommVault Systems from $125.00 to $175.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. One equities research 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 MarketBeat.com, CommVault Systems presently has an average rating of “Moderate Buy” and a consensus target price of $152.47.

Insider Activity at CommVault Systems

In related news, Director A. Shane Sanders sold 476 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $134.19, for a total transaction of $63,874.44. Following the completion of the transaction, the director owned 8,696 shares of the company’s stock, valued at approximately $1,166,916.24. The trade was a 5.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Danielle Abrahamsen sold 486 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $142.80, for a total value of $69,400.80. Following the sale, the chief accounting officer owned 12,160 shares of the company’s stock, valued at approximately $1,736,448. The trade was a 3.84% 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. Over the last three months, insiders sold 29,602 shares of company stock valued at $4,240,541. 0.86% of the stock is owned by corporate 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.