Fort Washington Investment Advisors Inc. OH Has $20.84 Million Stock Holdings in CommVault Systems, Inc. $CVLT

Fort Washington Investment Advisors Inc. OH grew its holdings in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 27.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 166,236 shares of the software maker’s stock after buying an additional 35,719 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 0.38% of CommVault Systems worth $20,839,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CVLT. Tudor Investment Corp ET AL acquired a new stake in shares of CommVault Systems in the 3rd quarter worth about $1,887,800,000. First Trust Advisors LP boosted its stake in CommVault Systems by 1,335.8% during the 3rd quarter. First Trust Advisors LP now owns 1,224,856 shares of the software maker’s stock valued at $231,228,000 after purchasing an additional 1,139,547 shares during the last quarter. Westfield Capital Management Co. LP increased its holdings in CommVault Systems by 135.6% during the 3rd quarter. Westfield Capital Management Co. LP now owns 786,175 shares of the software maker’s stock worth $148,414,000 after purchasing an additional 452,422 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of CommVault Systems by 60.8% in the second quarter. AQR Capital Management LLC now owns 893,385 shares of the software maker’s stock worth $155,744,000 after purchasing an additional 337,830 shares during the last quarter. Finally, Federated Hermes Inc. raised its stake in shares of CommVault Systems by 530.4% in the second quarter. Federated Hermes Inc. now owns 293,457 shares of the software maker’s stock worth $51,158,000 after purchasing an additional 246,906 shares during the last quarter. 93.50% of the stock is owned by institutional investors.

CommVault Systems Stock Performance

CVLT stock opened at $76.08 on Friday. 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 firm has a market cap of $3.35 billion, a PE ratio of 39.22 and a beta of 0.59. The business has a 50 day moving average of $89.33 and a 200-day moving average of $126.58. CommVault Systems, Inc. has a 12-month low of $76.06 and a 12-month high of $200.68.

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

Insiders Place Their Bets

In related news, insider Gary Merrill sold 1,892 shares of the firm’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $91.28, for a total transaction of $172,701.76. Following the completion of the sale, the insider owned 62,833 shares in the company, valued at approximately $5,735,396.24. This trade represents a 2.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Sanjay Mirchandani sold 10,052 shares of CommVault Systems stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $80.09, for a total transaction of $805,064.68. Following the completion of the sale, the chief executive officer directly owned 332,529 shares in the company, valued at approximately $26,632,247.61. This represents a 2.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 31,355 shares of company stock worth $2,613,165 over the last quarter. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

CVLT has been the topic of several analyst reports. Mizuho cut their target price on CommVault Systems from $180.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 28th. KeyCorp lowered their price target on CommVault Systems from $152.00 to $108.00 and set an “overweight” rating for the company in a research report on Wednesday, January 28th. Weiss Ratings restated a “hold (c)” rating on shares of CommVault Systems in a research note on Wednesday, January 21st. William Blair reiterated a “market perform” rating on shares of CommVault Systems in a research note on Monday, March 23rd. Finally, Guggenheim lowered their target price on shares of CommVault Systems from $200.00 to $175.00 and set a “buy” rating for the company in a report on Wednesday, January 28th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $141.38.

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.