Thrivent Financial for Lutherans Sells 9,589 Shares of CommVault Systems, Inc. $CVLT

Thrivent Financial for Lutherans lowered its stake in CommVault Systems, Inc. (NASDAQ:CVLT) by 25.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 28,693 shares of the software maker’s stock after selling 9,589 shares during the quarter. Thrivent Financial for Lutherans owned 0.07% of CommVault Systems worth $5,417,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CVLT. State of Wyoming bought a new position in shares of CommVault Systems in the second quarter worth approximately $35,000. Cullen Frost Bankers Inc. boosted its position in CommVault Systems by 43.8% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 243 shares of the software maker’s stock valued at $46,000 after buying an additional 74 shares during the period. EverSource Wealth Advisors LLC grew its holdings in CommVault Systems by 188.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 271 shares of the software maker’s stock worth $47,000 after acquiring an additional 177 shares during the last quarter. True Wealth Design LLC increased its position in shares of CommVault Systems by 244.6% in the third 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 during the period. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of CommVault Systems during the third quarter valued at about $57,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CVLT. Mizuho reduced their price target on CommVault Systems from $180.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, January 28th. DA Davidson cut their price objective on CommVault Systems from $185.00 to $135.00 and set a “buy” rating on the stock in a research report on Wednesday, January 28th. Weiss Ratings restated a “hold (c)” rating on shares of CommVault Systems in a report on Wednesday, January 21st. Oppenheimer dropped their price target on CommVault Systems from $180.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, January 28th. Finally, Wall Street Zen raised shares of CommVault Systems from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $143.58.

CommVault Systems Price Performance

Shares of NASDAQ CVLT opened at $86.07 on Friday. The company has a 50 day simple moving average of $117.27 and a two-hundred day simple moving average of $149.98. CommVault Systems, Inc. has a fifty-two week low of $79.51 and a fifty-two week high of $200.68. The company has a market capitalization of $3.78 billion, a price-to-earnings ratio of 44.37 and a beta of 0.59. The company has a debt-to-equity ratio of 4.06, a quick ratio of 2.34 and a current ratio of 2.34.

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 firm had revenue of $313.83 million for the quarter, compared to analysts’ expectations of $299.07 million. During the same period in the previous year, the firm posted $0.94 EPS. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. Analysts expect that CommVault Systems, Inc. will post 1.65 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Jennifer Leigh Dirico sold 830 shares of the company’s stock in a transaction dated Tuesday, November 18th. The shares were 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 document filed with the SEC, which is available at this hyperlink. Also, CEO Sanjay Mirchandani sold 13,109 shares of the stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $121.15, for a total transaction of $1,588,155.35. Following the sale, the chief executive officer directly owned 359,260 shares in the company, valued at $43,524,349. This trade represents a 3.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 33,111 shares of company stock valued at $4,058,851. 1.00% of the stock is currently owned by corporate insiders.

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.