Fort Washington Investment Advisors Inc. OH Has $21.28 Million Holdings in CommVault Systems, Inc. $CVLT

Fort Washington Investment Advisors Inc. OH raised its holdings in CommVault Systems, Inc. (NASDAQ:CVLTFree Report) by 64.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 273,206 shares of the software maker’s stock after purchasing an additional 106,970 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in CommVault Systems were worth $21,280,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in CVLT. Assetmark Inc. boosted its stake in shares of CommVault Systems by 33.6% during the 4th quarter. Assetmark Inc. now owns 326 shares of the software maker’s stock worth $41,000 after acquiring an additional 82 shares during the period. Diversify Wealth Management LLC increased its holdings in shares of CommVault Systems by 1.6% during the 3rd quarter. Diversify Wealth Management LLC now owns 7,060 shares of the software maker’s stock worth $1,333,000 after acquiring an additional 110 shares during the last quarter. Huntington National Bank raised its stake in CommVault Systems by 25.5% in the 3rd quarter. Huntington National Bank now owns 699 shares of the software maker’s stock valued at $132,000 after acquiring an additional 142 shares during the period. Captrust Financial Advisors raised its stake in CommVault Systems by 7.2% in the 4th quarter. Captrust Financial Advisors now owns 2,153 shares of the software maker’s stock valued at $270,000 after acquiring an additional 145 shares during the period. Finally, MML Investors Services LLC lifted its holdings in CommVault Systems by 6.7% during the 4th quarter. MML Investors Services LLC now owns 2,361 shares of the software maker’s stock valued at $296,000 after purchasing an additional 149 shares during the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

CommVault Systems News Roundup

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

Analyst Upgrades and Downgrades

A number of research firms have commented on CVLT. Jefferies Financial Group began coverage on shares of CommVault Systems in a research report on Monday, April 27th. They set a “hold” rating and a $105.00 price objective for the company. Wall Street Zen cut shares of CommVault Systems from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. DA Davidson reaffirmed a “buy” rating and set a $125.00 target price on shares of CommVault Systems in a report on Monday, April 13th. Weiss Ratings upgraded shares of CommVault Systems from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 16th. Finally, Royal Bank Of Canada increased their price target on shares of CommVault Systems from $100.00 to $110.00 and gave the company a “sector perform” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $136.33.

View Our Latest Research Report on CVLT

CommVault Systems Price Performance

NASDAQ CVLT opened at $140.04 on Monday. 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 $5.80 billion, a price-to-earnings ratio of 88.08 and a beta of 0.82. The company has a 50 day moving average of $111.44 and a 200-day moving average of $103.76. CommVault Systems, Inc. has a 1-year low of $71.75 and a 1-year high of $200.68.

CommVault Systems (NASDAQ:CVLTGet Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The software maker reported $1.28 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $306.71 million. During the same quarter in the prior year, the business posted $1.03 earnings per share. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. On average, equities research analysts expect that CommVault Systems, Inc. will post 2.86 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Sanjay Mirchandani sold 8,450 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $99.13, for a total transaction of $837,648.50. Following the sale, the chief executive officer directly owned 306,927 shares of the company’s stock, valued at approximately $30,425,673.51. This represents a 2.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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, CFO Gary Merrill sold 4,554 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $106.70, for a total value of $485,911.80. Following the completion of the transaction, the chief financial officer owned 72,775 shares in the company, valued at $7,765,092.50. The trade was a 5.89% decrease in their position. 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. In the last three months, insiders sold 55,025 shares of company stock worth $5,748,457. 0.86% of the stock is currently owned by company insiders.

CommVault Systems Profile

(Free Report)

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.

Featured Articles

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Institutional Ownership by Quarter for CommVault Systems (NASDAQ:CVLT)

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