Mizuho Markets Americas LLC Purchases New Position in CommVault Systems, Inc. $CVLT

Mizuho Markets Americas LLC acquired a new position in shares of CommVault Systems, Inc. (NASDAQ:CVLT) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 102,777 shares of the software maker’s stock, valued at approximately $8,005,000.

A number of other hedge funds have also recently added to or reduced their stakes in CVLT. State of Wyoming bought a new stake in shares of CommVault Systems during the second quarter worth $35,000. FNY Investment Advisers LLC bought a new position in shares of CommVault Systems in the 4th quarter valued at $36,000. Banque Cantonale Vaudoise bought a new position in shares of CommVault Systems in the 3rd quarter valued at $39,000. Assetmark Inc. boosted its holdings in shares of CommVault Systems by 33.6% during the 4th quarter. Assetmark Inc. now owns 326 shares of the software maker’s stock valued at $41,000 after acquiring an additional 82 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings 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 valued at $47,000 after acquiring an additional 177 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analyst Ratings Changes

CVLT has been the subject of several research reports. Royal Bank Of Canada increased their target price on CommVault Systems from $100.00 to $110.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 29th. Wall Street Zen downgraded CommVault Systems from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Jefferies Financial Group started coverage on shares of CommVault Systems in a report on Monday, April 27th. They issued a “hold” rating and a $105.00 price objective for the company. KeyCorp lifted their target price on shares of CommVault Systems from $125.00 to $175.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Finally, Stephens raised their price target on shares of CommVault Systems from $135.00 to $155.00 and gave the company an “overweight” rating in a research note on Tuesday, June 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $145.47.

CommVault Systems Stock Performance

Shares of CommVault Systems stock opened at $141.14 on Friday. The business has a 50-day moving average price of $130.16 and a two-hundred day moving average price of $106.78. CommVault Systems, Inc. has a 1-year low of $71.75 and a 1-year high of $200.68. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 117.54. The company has a market cap of $5.85 billion, a P/E ratio of 88.77 and a beta of 0.79.

CommVault Systems (NASDAQ:CVLT) last announced its earnings results on Tuesday, April 28th. The software maker reported $1.28 EPS for the quarter, beating the consensus estimate of $1.09 by $0.19. CommVault Systems had a return on equity of 51.64% and a net margin of 5.97%.The company had revenue of $311.69 million for the quarter, compared to analyst estimates of $306.71 million. During the same quarter in the prior year, the company earned $1.03 EPS. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. As a group, analysts anticipate that CommVault Systems, Inc. will post 2.88 EPS for the current year.

Insider Buying and Selling at CommVault Systems

In other news, CFO Gary Merrill sold 4,560 shares of CommVault Systems stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $105.10, for a total value of $479,256.00. Following the completion of the sale, the chief financial officer owned 72,507 shares in the company, 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, CEO Sanjay Mirchandani sold 19,396 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $105.49, for a total transaction of $2,046,084.04. Following the transaction, the chief executive officer owned 315,377 shares in the company, valued at $33,269,119.73. The trade was a 5.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. Over the last three months, insiders have sold 55,279 shares of company stock valued at $5,786,557. 0.86% of the stock is currently owned by company 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.