Allianz Asset Management GmbH Has $50.82 Million Stake in CommVault Systems, Inc. $CVLT

Allianz Asset Management GmbH lowered its position in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 29.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 269,179 shares of the software maker’s stock after selling 113,513 shares during the quarter. Allianz Asset Management GmbH owned about 0.61% of CommVault Systems worth $50,816,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. State of Wyoming bought a new stake in shares of CommVault Systems during the 2nd quarter valued at about $35,000. Cullen Frost Bankers Inc. boosted its holdings in shares of CommVault Systems by 43.8% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 243 shares of the software maker’s stock worth $46,000 after buying an additional 74 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of CommVault Systems by 188.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 271 shares of the software maker’s stock worth $47,000 after buying an additional 177 shares during the period. True Wealth Design LLC increased its stake in shares of CommVault Systems by 244.6% in the 3rd quarter. True Wealth Design LLC now owns 286 shares of the software maker’s stock valued at $54,000 after acquiring an additional 203 shares in the last quarter. Finally, Employees Retirement System of Texas acquired a new position in shares of CommVault Systems during the 2nd quarter valued at $55,000. 93.50% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CFO Jennifer Leigh Dirico sold 830 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 $102,571.40. Following the transaction, the chief financial officer owned 44,313 shares in the company, valued at $5,476,200.54. The trade was a 1.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sanjay Mirchandani sold 14,653 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $123.65, for a total value of $1,811,843.45. Following the sale, the chief executive officer directly owned 372,369 shares of the company’s stock, valued at $46,043,426.85. The trade was a 3.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 33,111 shares of company stock worth $4,058,851. 1.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on CVLT. Piper Sandler reduced their price target on shares of CommVault Systems from $186.00 to $155.00 and set an “overweight” rating for the company in a report on Monday, January 5th. Wells Fargo & Company reduced their target price on CommVault Systems from $190.00 to $155.00 and set an “overweight” rating for the company in a research note on Wednesday, January 28th. Wall Street Zen raised CommVault Systems from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. Zacks Research raised CommVault Systems from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 30th. Finally, Royal Bank Of Canada decreased their price objective on CommVault Systems from $167.00 to $100.00 and set a “sector perform” rating for the company in a report on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $143.58.

CommVault Systems Stock Up 0.3%

CVLT stock opened at $81.97 on Thursday. CommVault Systems, Inc. has a twelve month low of $79.51 and a twelve month high of $200.68. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 4.06. The stock’s 50 day moving average is $118.86 and its 200-day moving average is $151.04. The firm has a market capitalization of $3.60 billion, a PE ratio of 42.25 and a beta of 0.59.

CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings results on Tuesday, January 27th. The software maker reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.19. The business had revenue of $313.83 million during the quarter, compared to the consensus estimate of $299.07 million. CommVault Systems had a return on equity of 37.38% and a net margin of 7.58%.CommVault Systems’s revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.94 earnings per share. Sell-side analysts expect that CommVault Systems, Inc. will post 1.65 EPS for the current fiscal year.

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.