CommVault Systems, Inc. $CVLT Shares Acquired by Emerald Advisers LLC

Emerald Advisers LLC boosted its stake in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 47.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 156,894 shares of the software maker’s stock after buying an additional 50,470 shares during the quarter. Emerald Advisers LLC owned 0.35% of CommVault Systems worth $29,618,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of CommVault Systems by 6.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,422 shares of the software maker’s stock worth $248,000 after acquiring an additional 80 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of CommVault Systems by 17.1% during the third quarter. Farther Finance Advisors LLC now owns 652 shares of the software maker’s stock valued at $123,000 after acquiring an additional 95 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of CommVault Systems by 0.8% during the second quarter. Louisiana State Employees Retirement System now owns 12,400 shares of the software maker’s stock worth $2,162,000 after buying an additional 100 shares in the last quarter. State of Michigan Retirement System grew its holdings in shares of CommVault Systems by 1.0% during the second quarter. State of Michigan Retirement System now owns 10,612 shares of the software maker’s stock worth $1,850,000 after buying an additional 100 shares in the last quarter. Finally, Occidental Asset Management LLC raised its position in shares of CommVault Systems by 5.9% in the second quarter. Occidental Asset Management LLC now owns 2,044 shares of the software maker’s stock valued at $356,000 after buying an additional 113 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at CommVault Systems

In related news, CFO Jennifer Leigh Dirico sold 830 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $5,476,200.54. This trade represents a 1.84% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Gary Merrill sold 2,674 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $123.58, for a total value of $330,452.92. Following the transaction, the insider directly owned 69,163 shares in the company, valued at $8,547,163.54. This trade represents a 3.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 33,111 shares of company stock worth $4,058,851. 1.00% of the stock is currently owned by corporate insiders.

CommVault Systems Stock Up 2.2%

Shares of NASDAQ:CVLT opened at $119.54 on Thursday. The stock has a 50-day simple moving average of $123.79 and a 200-day simple moving average of $156.11. The stock has a market capitalization of $5.27 billion, a P/E ratio of 67.16 and a beta of 0.57. CommVault Systems, Inc. has a 1 year low of $114.46 and a 1 year high of $200.68. The company has a debt-to-equity ratio of 4.18, a quick ratio of 2.53 and a current ratio of 2.53.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings results on Tuesday, October 28th. The software maker reported $0.91 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.04). CommVault Systems had a net margin of 7.32% and a return on equity of 31.53%. The business had revenue of $276.19 million during the quarter, compared to analysts’ expectations of $273.31 million. During the same quarter in the previous year, the business posted $0.83 EPS. The company’s quarterly revenue was up 18.4% on a year-over-year basis. Equities analysts forecast that CommVault Systems, Inc. will post 1.65 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on CVLT. Wells Fargo & Company decreased their target price on shares of CommVault Systems from $220.00 to $190.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Wall Street Zen cut CommVault Systems from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Mizuho dropped their target price on CommVault Systems from $190.00 to $180.00 and set an “outperform” rating for the company in a research note on Wednesday. KeyCorp decreased their price target on CommVault Systems from $185.00 to $152.00 and set an “overweight” rating on the stock in a research note on Monday, January 12th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating on shares of CommVault Systems in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $181.25.

CommVault Systems Company 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.