Csenge Advisory Group Takes $933,000 Position in CommVault Systems, Inc. $CVLT

Csenge Advisory Group acquired a new stake in shares of CommVault Systems, Inc. (NASDAQ:CVLT) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,943 shares of the software maker’s stock, valued at approximately $933,000.

A number of other hedge funds have also bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of CommVault Systems in the third quarter worth approximately $278,000. Vision Capital Management Inc. boosted its holdings in CommVault Systems by 437.5% in the third quarter. Vision Capital Management Inc. now owns 17,194 shares of the software maker’s stock worth $3,246,000 after purchasing an additional 13,995 shares during the last quarter. SG Americas Securities LLC grew its position in CommVault Systems by 27.4% in the 3rd quarter. SG Americas Securities LLC now owns 6,649 shares of the software maker’s stock worth $1,255,000 after purchasing an additional 1,429 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in CommVault Systems by 24.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 69,325 shares of the software maker’s stock valued at $13,087,000 after buying an additional 13,517 shares during the last quarter. Finally, True Wealth Design LLC lifted its holdings in shares of CommVault Systems by 244.6% during the 3rd quarter. True Wealth Design LLC now owns 286 shares of the software maker’s stock valued at $54,000 after buying an additional 203 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CVLT. Piper Sandler cut their price objective on CommVault Systems from $186.00 to $155.00 and set an “overweight” rating for the company in a report on Monday, January 5th. Cantor Fitzgerald cut their price target on CommVault Systems from $189.00 to $144.00 and set a “neutral” rating for the company in a research note on Wednesday, October 29th. Stephens started coverage on shares of CommVault Systems in a report on Tuesday, December 30th. They issued an “overweight” rating and a $162.00 price objective on the stock. Truist Financial reduced their target price on shares of CommVault Systems from $230.00 to $210.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Finally, Oppenheimer started coverage on shares of CommVault Systems in a research note on Monday, November 10th. They set an “outperform” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, CommVault Systems currently has a consensus rating of “Moderate Buy” and an average target price of $183.75.

CommVault Systems Price Performance

CVLT stock opened at $122.17 on Monday. The company has a debt-to-equity ratio of 4.18, a quick ratio of 2.53 and a current ratio of 2.53. The company’s fifty day moving average price is $124.35 and its 200-day moving average price is $157.14. CommVault Systems, Inc. has a one year low of $114.46 and a one year high of $200.68. The company has a market capitalization of $5.39 billion, a PE ratio of 68.64 and a beta of 0.57.

CommVault Systems (NASDAQ:CVLT) last posted its earnings results 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). The company had revenue of $276.19 million for the quarter, compared to analysts’ expectations of $273.31 million. CommVault Systems had a net margin of 7.32% and a return on equity of 31.53%. The business’s revenue was up 18.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.83 earnings per share. On average, equities analysts anticipate that CommVault Systems, Inc. will post 1.65 EPS for the current fiscal year.

Insiders Place Their Bets

In other CommVault Systems news, insider Gary Merrill sold 1,845 shares of the stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $122.40, for a total transaction of $225,828.00. Following the completion of the transaction, the insider owned 67,318 shares in the company, valued at $8,239,723.20. This trade represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sanjay Mirchandani sold 13,109 shares of CommVault Systems stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $121.15, for a total transaction of $1,588,155.35. Following the completion of the transaction, the chief executive officer directly owned 359,260 shares of the company’s stock, valued at $43,524,349. The trade was a 3.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 33,111 shares of company stock valued at $4,058,851 in the last quarter. 1.00% of the stock is currently owned by insiders.

CommVault Systems 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.