Fort Washington Investment Advisors Inc. OH Boosts Stock Position in CommVault Systems, Inc. $CVLT

Fort Washington Investment Advisors Inc. OH raised its holdings in CommVault Systems, Inc. (NASDAQ:CVLT) by 20.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 130,517 shares of the software maker’s stock after buying an additional 22,185 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in CommVault Systems were worth $24,639,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State of Wyoming bought a new position in shares of CommVault Systems in the second quarter worth about $35,000. EverSource Wealth Advisors LLC boosted its position in CommVault Systems by 188.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 271 shares of the software maker’s stock valued at $47,000 after buying an additional 177 shares during the period. Employees Retirement System of Texas purchased a new stake in CommVault Systems in the 2nd quarter valued at about $55,000. Northwestern Mutual Wealth Management Co. grew its stake in CommVault Systems by 126.3% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 516 shares of the software maker’s stock worth $81,000 after acquiring an additional 288 shares in the last quarter. Finally, Reyes Financial Architecture Inc. purchased a new position in shares of CommVault Systems during the second quarter worth approximately $98,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

CommVault Systems Trading Down 0.6%

Shares of NASDAQ CVLT opened at $126.79 on Wednesday. CommVault Systems, Inc. has a 1-year low of $114.46 and a 1-year high of $200.68. The business has a fifty day moving average price of $129.85 and a 200 day moving average price of $161.80. The stock has a market capitalization of $5.59 billion, a P/E ratio of 71.23 and a beta of 0.60. The company has a debt-to-equity ratio of 4.18, a current ratio of 2.53 and a quick ratio of 2.53.

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

Insider Buying and Selling

In related news, insider Gary Merrill sold 2,674 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $123.58, for a total transaction of $330,452.92. Following the completion of the sale, the insider owned 69,163 shares of the company’s stock, valued at $8,547,163.54. This represents a 3.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Jennifer Leigh Dirico sold 830 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $123.58, for a total transaction of $102,571.40. Following the completion of the sale, the chief financial officer owned 44,313 shares of the company’s stock, valued at approximately $5,476,200.54. This trade represents a 1.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 33,111 shares of company stock worth $4,058,851 in the last 90 days. 1.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on CVLT shares. Mizuho began coverage on CommVault Systems in a research note on Monday, December 8th. They issued an “outperform” rating and a $190.00 price objective on the stock. Baird R W upgraded CommVault Systems to a “strong-buy” rating in a report on Monday, October 27th. Weiss Ratings restated a “hold (c)” rating on shares of CommVault Systems in a research note on Wednesday, October 8th. Wall Street Zen downgraded CommVault Systems from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Finally, DA Davidson reiterated a “buy” rating and set a $220.00 target price on shares of CommVault Systems in a report on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $191.92.

About CommVault Systems

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.