CommVault Systems, Inc. $CVLT Shares Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA grew its position in CommVault Systems, Inc. (NASDAQ:CVLT) by 36.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,239,225 shares of the software maker’s stock after purchasing an additional 329,243 shares during the period. Pictet Asset Management Holding SA’s holdings in CommVault Systems were worth $96,447,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CVLT. Tudor Investment Corp ET AL purchased a new stake in shares of CommVault Systems during the 3rd quarter valued at approximately $1,887,800,000. Vanguard Group Inc. grew its position in CommVault Systems by 4.4% in the fourth quarter. Vanguard Group Inc. now owns 5,675,590 shares of the software maker’s stock worth $711,492,000 after acquiring an additional 240,093 shares during the period. First Trust Advisors LP increased its stake in CommVault Systems by 25.5% during the fourth quarter. First Trust Advisors LP now owns 1,537,034 shares of the software maker’s stock worth $192,683,000 after acquiring an additional 312,178 shares during the last quarter. Westfield Capital Management Co. LP increased its stake in CommVault Systems by 34.5% during the fourth quarter. Westfield Capital Management Co. LP now owns 1,057,077 shares of the software maker’s stock worth $132,515,000 after acquiring an additional 270,902 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in CommVault Systems by 60.8% in the second quarter. AQR Capital Management LLC now owns 893,385 shares of the software maker’s stock valued at $155,744,000 after purchasing an additional 337,830 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

CommVault Systems Stock Up 3.0%

NASDAQ:CVLT opened at $144.18 on Tuesday. CommVault Systems, Inc. has a 52 week low of $71.75 and a 52 week high of $200.68. The stock’s fifty day moving average is $112.43 and its two-hundred day moving average is $103.92. The stock has a market capitalization of $5.97 billion, a price-to-earnings ratio of 90.68 and a beta of 0.82. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 117.54.

CommVault Systems (NASDAQ:CVLT) last issued its quarterly earnings data on Tuesday, April 28th. The software maker reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.19. CommVault Systems had a return on equity of 51.64% and a net margin of 5.97%.The business had revenue of $311.69 million during the quarter, compared to analysts’ expectations of $306.71 million. During the same period in the previous year, the firm posted $1.03 earnings per share. The company’s revenue was up 13.3% on a year-over-year basis. Research analysts anticipate that CommVault Systems, Inc. will post 2.86 EPS for the current year.

Insider Buying and Selling at CommVault Systems

In other CommVault Systems news, CFO Gary Merrill sold 4,560 shares of CommVault Systems stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $105.10, for a total value of $479,256.00. Following the completion of the transaction, the chief financial officer directly owned 72,507 shares of the company’s stock, valued at $7,620,485.70. The trade was a 5.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Danielle Nicole Abrahamsen sold 1,065 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $105.84, for a total transaction of $112,719.60. Following the sale, the chief accounting officer owned 13,581 shares in the company, valued at $1,437,413.04. This trade represents a 7.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 55,025 shares of company stock valued at $5,748,457 in the last three months. 0.86% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

CVLT has been the topic of several recent analyst reports. Loop Capital initiated coverage on CommVault Systems in a research note on Tuesday, March 24th. They issued a “buy” rating and a $125.00 price target on the stock. DA Davidson restated a “buy” rating and issued a $125.00 price objective on shares of CommVault Systems in a report on Monday, April 13th. William Blair reaffirmed a “market perform” rating on shares of CommVault Systems in a research report on Monday, March 23rd. Zacks Research lowered shares of CommVault Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Finally, Mizuho lifted their price target on shares of CommVault Systems from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, CommVault Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.33.

Trending Headlines about CommVault Systems

Here are the key news stories impacting CommVault Systems this week:

• Positive Sentiment: CVLT rose after reports highlighted a new Native Azure AI cyber resilience deal, suggesting investors are betting on stronger product demand and improved growth prospects.
• Neutral Sentiment: Several law firms, including Rosen, Faruqi & Faruqi, Howard G. Smith, the Schall Law Firm, and Robbins LLP, are reminding investors about the lead-plaintiff deadline in the pending securities class action, keeping Commvault in the legal spotlight. Article Title
• Neutral Sentiment: One article noted that the lawsuit alleges Commvault misled investors about growth prospects during the class period, but this is a continuation of already-known litigation rather than a new development. Article Title
• Negative Sentiment: The repeated class-action notices and investor-loss claims may weigh on sentiment by reinforcing concerns about past disclosures, potential liability, and management credibility. Article Title

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.