Diversified Trust Co Acquires 11,227 Shares of CommVault Systems, Inc. $CVLT

Diversified Trust Co increased its holdings in CommVault Systems, Inc. (NASDAQ:CVLT) by 311.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,832 shares of the software maker’s stock after purchasing an additional 11,227 shares during the period. Diversified Trust Co’s holdings in CommVault Systems were worth $2,800,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in CVLT. Versor Investments LP raised its stake in CommVault Systems by 158.6% during the second quarter. Versor Investments LP now owns 4,396 shares of the software maker’s stock worth $766,000 after acquiring an additional 2,696 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of CommVault Systems by 23.8% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,750 shares of the software maker’s stock worth $305,000 after purchasing an additional 336 shares in the last quarter. Vontobel Holding Ltd. lifted its holdings in CommVault Systems by 171.2% during the 3rd quarter. Vontobel Holding Ltd. now owns 15,860 shares of the software maker’s stock valued at $2,994,000 after purchasing an additional 10,012 shares during the last quarter. Vise Technologies Inc. acquired a new position in CommVault Systems in the second quarter valued at about $429,000. Finally, Allworth Financial LP boosted its position in CommVault Systems by 19,656.7% in the second quarter. Allworth Financial LP now owns 11,854 shares of the software maker’s stock valued at $2,067,000 after buying an additional 11,794 shares in the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other CommVault Systems news, CEO Sanjay Mirchandani sold 13,109 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $121.15, for a total value of $1,588,155.35. Following the transaction, the chief executive officer directly owned 359,260 shares of the company’s stock, valued at approximately $43,524,349. This trade represents a 3.52% 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. Also, CFO Jennifer Leigh Dirico sold 830 shares of CommVault Systems stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $123.58, for a total transaction of $102,571.40. Following the sale, the chief financial officer directly owned 44,313 shares of the company’s stock, valued at $5,476,200.54. This represents a 1.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 33,111 shares of company stock valued at $4,058,851 over the last ninety days. Insiders own 1.00% of the company’s stock.

CommVault Systems Trading Down 0.6%

Shares of CVLT opened at $126.79 on Wednesday. The stock’s fifty day simple moving average is $129.85 and its 200-day simple moving average is $161.80. The firm has a market capitalization of $5.59 billion, a PE ratio of 71.23 and a beta of 0.60. CommVault Systems, Inc. has a 12-month low of $114.46 and a 12-month high of $200.68. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 4.18.

CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings data on Tuesday, October 28th. The software maker reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.04). CommVault Systems had a return on equity of 31.53% and a net margin of 7.32%.The firm had revenue of $276.19 million for the quarter, compared to the consensus estimate of $273.31 million. During the same period in the prior year, the firm posted $0.83 earnings per share. The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. As a group, research analysts predict that CommVault Systems, Inc. will post 1.65 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CVLT. Cantor Fitzgerald dropped their price objective on shares of CommVault Systems from $189.00 to $144.00 and set a “neutral” rating for the company in a report on Wednesday, October 29th. Stephens began coverage on CommVault Systems in a research report on Tuesday. They issued an “overweight” rating and a $162.00 price objective for the company. Weiss Ratings restated a “hold (c)” rating on shares of CommVault Systems in a report on Wednesday, October 8th. Robert W. Baird assumed coverage on CommVault Systems in a report on Monday, October 27th. They issued an “outperform” rating and a $215.00 price target for the company. Finally, Baird R W upgraded shares of CommVault Systems to a “strong-buy” rating in a research report on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, CommVault Systems currently has a consensus rating of “Moderate Buy” and an average target price of $191.92.

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.