11,281 Shares in CommVault Systems, Inc. $CVLT Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of CommVault Systems, Inc. (NASDAQ:CVLT) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 11,281 shares of the software maker’s stock, valued at approximately $1,599,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. California State Teachers Retirement System boosted its position in shares of CommVault Systems by 13,810.8% during the second quarter. California State Teachers Retirement System now owns 7,182,168 shares of the software maker’s stock valued at $1,017,929,000 after buying an additional 7,130,538 shares during the period. BlackRock Inc. bought a new position in shares of CommVault Systems during the second quarter valued at approximately $855,420,000. First Trust Advisors LP raised its holdings in shares of CommVault Systems by 25.5% in the fourth quarter. First Trust Advisors LP now owns 1,537,034 shares of the software maker’s stock worth $192,683,000 after buying an additional 312,178 shares during the period. Pictet Asset Management Holding SA raised its holdings in shares of CommVault Systems by 36.2% in the first quarter. Pictet Asset Management Holding SA now owns 1,239,225 shares of the software maker’s stock worth $96,447,000 after buying an additional 329,243 shares during the period. Finally, Westfield Capital Management Co. LP lifted its stake in shares of CommVault Systems by 34.5% during the 4th 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. 93.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CVLT has been the subject of a number of recent analyst reports. Stephens boosted their price objective on CommVault Systems from $135.00 to $155.00 and gave the company an “overweight” rating in a report on Tuesday, June 16th. DA Davidson set a $175.00 target price on CommVault Systems in a research report on Wednesday, July 29th. Weiss Ratings raised shares of CommVault Systems from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 16th. Scotiabank restated a “sector perform” rating and issued a $130.00 price target on shares of CommVault Systems in a report on Wednesday, July 29th. Finally, Wall Street Zen downgraded shares of CommVault Systems from a “buy” rating to a “hold” rating in a research note on Saturday, September 5th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $152.62.

CommVault Systems Trading Down 1.1%

CVLT opened at $130.07 on Friday. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 16.94. The stock’s fifty day moving average is $138.21 and its two-hundred day moving average is $114.39. The company has a market capitalization of $5.39 billion, a P/E ratio of 82.85 and a beta of 0.82. CommVault Systems, Inc. has a 52 week low of $71.75 and a 52 week high of $198.18.

CommVault Systems (NASDAQ:CVLT) last issued its earnings results on Tuesday, July 28th. The software maker reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.26. CommVault Systems had a return on equity of 88.75% and a net margin of 5.62%.The business had revenue of $314.13 million during the quarter, compared to analysts’ expectations of $310.43 million. During the same period in the prior year, the business earned $1.01 EPS. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. Analysts forecast that CommVault Systems, Inc. will post 2.84 earnings per share for the current year.

Insider Transactions at CommVault Systems

In other CommVault Systems news, CAO Danielle Abrahamsen sold 486 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $142.80, for a total transaction of $69,400.80. Following the transaction, the chief accounting officer owned 12,160 shares of the company’s stock, valued at approximately $1,736,448. This trade represents a 3.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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, Director A. Shane Sanders sold 476 shares of the firm’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $134.19, for a total transaction of $63,874.44. Following the transaction, the director directly owned 8,696 shares in the company, valued at $1,166,916.24. This trade represents a 5.19% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 29,602 shares of company stock valued at $4,240,541 over the last three months. 0.86% of the stock is currently owned by corporate insiders.

CommVault Systems Profile

Commvault Systems, Inc develops data protection and cyber resilience software for organizations seeking to secure, manage and recover data across on-premises, cloud and hybrid environments. Its technology is designed to help businesses protect workloads, reduce the risk of data loss and maintain operations following system failures, cyberattacks or other disruptions.

The company’s offerings include backup and recovery, disaster recovery, data security, cyber recovery and cloud data management solutions.