Diversified Trust Co Has $2.80 Million Position in CommVault Systems, Inc. $CVLT

Diversified Trust Co grew its stake in CommVault Systems, Inc. (NASDAQ:CVLT) by 311.4% in the third quarter, HoldingsChannel.com reports. The fund owned 14,832 shares of the software maker’s stock after acquiring an additional 11,227 shares during the period. Diversified Trust Co’s holdings in CommVault Systems were worth $2,800,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CVLT. State of Wyoming acquired a new position in CommVault Systems during the second quarter valued at approximately $35,000. EverSource Wealth Advisors LLC raised its holdings in CommVault Systems by 188.3% in the second quarter. EverSource Wealth Advisors LLC now owns 271 shares of the software maker’s stock worth $47,000 after purchasing an additional 177 shares during the period. Employees Retirement System of Texas bought a new position in shares of CommVault Systems during the second quarter worth $55,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of CommVault Systems by 126.3% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 516 shares of the software maker’s stock valued at $81,000 after buying an additional 288 shares during the period. Finally, Reyes Financial Architecture Inc. acquired a new position in shares of CommVault Systems in the 2nd quarter valued at $98,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

CommVault Systems Stock Down 0.6%

Shares of CommVault Systems stock opened at $126.79 on Wednesday. The firm has a market cap of $5.59 billion, a PE ratio of 71.23 and a beta of 0.60. The business’s 50 day simple moving average is $129.85 and its 200 day simple moving average is $161.80. The company has a debt-to-equity ratio of 4.18, a quick ratio of 2.53 and a current ratio of 2.53. CommVault Systems, Inc. has a 52-week low of $114.46 and a 52-week high of $200.68.

CommVault Systems (NASDAQ:CVLT) last released its earnings results on Tuesday, October 28th. The software maker reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.04). The business had revenue of $276.19 million during the quarter, compared to the consensus estimate of $273.31 million. CommVault Systems had a net margin of 7.32% and a return on equity of 31.53%. The firm’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period last year, the business posted $0.83 EPS. On average, analysts predict that CommVault Systems, Inc. will post 1.65 earnings per share for the current fiscal year.

Insider Activity

In other CommVault Systems news, CEO Sanjay Mirchandani sold 13,109 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $121.15, for a total transaction of $1,588,155.35. Following the transaction, the chief executive officer owned 359,260 shares of the company’s stock, valued at $43,524,349. The trade was a 3.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jennifer Leigh Dirico sold 830 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $123.58, for a total value of $102,571.40. Following the transaction, the chief financial officer directly owned 44,313 shares in the company, valued at $5,476,200.54. The trade was a 1.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 33,111 shares of company stock valued at $4,058,851. 1.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

CVLT has been the topic of several research analyst reports. Baird R W raised CommVault Systems to a “strong-buy” rating in a research note on Monday, October 27th. Mizuho started coverage on CommVault Systems in a research report on Monday, December 8th. They set an “outperform” rating and a $190.00 price target on the stock. Royal Bank Of Canada decreased their price objective on CommVault Systems from $217.00 to $167.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 29th. Guggenheim reissued a “buy” rating and set a $220.00 target price on shares of CommVault Systems in a research note on Thursday, October 16th. Finally, Stephens began coverage on shares of CommVault Systems in a research note on Tuesday. They issued an “overweight” rating and a $162.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $191.92.

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.