3,900 Shares in CommVault Systems, Inc. $CVLT Purchased by Maxi Investments CY Ltd

Maxi Investments CY Ltd acquired a new position in shares of CommVault Systems, Inc. (NASDAQ:CVLT) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,900 shares of the software maker’s stock, valued at approximately $585,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in CommVault Systems by 4.3% during the 3rd quarter. GAMMA Investing LLC now owns 1,626 shares of the software maker’s stock worth $244,000 after purchasing an additional 67 shares during the last quarter. Versant Capital Management Inc grew its holdings in CommVault Systems by 15.8% in the 2nd quarter. Versant Capital Management Inc now owns 595 shares of the software maker’s stock valued at $84,000 after buying an additional 81 shares in the last quarter. Transamerica Financial Advisors LLC bought a new position in CommVault Systems during the 2nd quarter worth $25,000. HighTower Advisors LLC increased its position in CommVault Systems by 6.8% during the 2nd quarter. HighTower Advisors LLC now owns 2,828 shares of the software maker’s stock worth $401,000 after buying an additional 181 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in CommVault Systems during the 2nd quarter worth $27,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

CommVault Systems Stock Performance

NASDAQ:CVLT opened at $167.73 on Tuesday. The stock has a fifty day moving average price of $145.68 and a 200-day moving average price of $118.31. The company has a market cap of $6.95 billion, a price-to-earnings ratio of 67.75 and a beta of 0.79. The company has a debt-to-equity ratio of 16.94, a quick ratio of 2.04 and a current ratio of 2.04. CommVault Systems, Inc. has a fifty-two week low of $71.75 and a fifty-two week high of $175.02.

CommVault Systems (NASDAQ:CVLT) last released its earnings results on Tuesday, July 28th. The software maker reported $1.42 earnings per share (EPS) 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 company had revenue of $314.13 million for the quarter, compared to analyst estimates of $310.43 million. During the same period in the prior year, the firm posted $1.01 EPS. CommVault Systems’s quarterly revenue was up 11.4% on a year-over-year basis. As a group, equities analysts anticipate that CommVault Systems, Inc. will post 2.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CVLT has been the subject of a number of recent research reports. FBN Securities initiated coverage on shares of CommVault Systems in a research report on Thursday, September 10th. They issued an “outperform” rating and a $155.00 target price for the company. Guggenheim reaffirmed a “buy” rating on shares of CommVault Systems in a research report on Tuesday, July 28th. Truist Financial boosted their price objective on shares of CommVault Systems from $155.00 to $182.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Wall Street Zen upgraded shares of CommVault Systems from a “hold” rating to a “buy” rating in a research report on Sunday, October 18th. Finally, Piper Sandler lowered shares of CommVault Systems from an “overweight” rating to a “neutral” rating and set a $133.00 target price on the stock. in a research report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $163.19.

Insider Buying and Selling at CommVault Systems

In related news, CEO Sanjay Mirchandani sold 6,857 shares of the company’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 $979,179.60. Following the completion of the sale, the chief executive officer owned 257,676 shares of the company’s stock, valued at $36,796,132.80. This represents a 2.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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, CFO Gary Merrill sold 1,293 shares of the stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $142.80, for a total transaction of $184,640.40. Following the sale, the chief financial officer owned 69,628 shares in the company, valued at $9,942,878.40. The trade was a 1.82% decrease in their ownership of the stock. 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. Insiders have sold a total of 29,348 shares of company stock valued at $4,202,441 over the last three months. 0.86% of the stock is owned by insiders.

CommVault Systems Profile

Commvault Systems, Inc develops data protection and cyber resilience software and services for businesses, government organizations and other institutions. Its platform is designed to help customers back up, recover, manage and secure data across on-premises infrastructure, private and public clouds, software-as-a-service applications and other distributed IT environments.

The company’s offerings include backup and recovery, disaster recovery, data security, ransomware protection, cyber-recovery capabilities and data management tools.