CommVault Systems, Inc. $CVLT Shares Purchased by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust grew its position in CommVault Systems, Inc. (NASDAQ:CVLT) by 119.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 92,893 shares of the software maker’s stock after buying an additional 50,482 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in CommVault Systems were worth $17,536,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. AQR Capital Management LLC boosted its position in shares of CommVault Systems by 60.8% during the second quarter. AQR Capital Management LLC now owns 893,385 shares of the software maker’s stock worth $155,744,000 after buying an additional 337,830 shares during the period. Westfield Capital Management Co. LP bought a new stake in CommVault Systems during the 2nd quarter valued at $58,183,000. Federated Hermes Inc. boosted its position in CommVault Systems by 530.4% during the 2nd quarter. Federated Hermes Inc. now owns 293,457 shares of the software maker’s stock worth $51,158,000 after acquiring an additional 246,906 shares during the period. Norges Bank acquired a new position in CommVault Systems during the 2nd quarter worth $30,253,000. Finally, Loomis Sayles & Co. L P grew its stake in shares of CommVault Systems by 64.1% in the second quarter. Loomis Sayles & Co. L P now owns 400,070 shares of the software maker’s stock worth $69,744,000 after purchasing an additional 156,224 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Insider Buying and Selling at CommVault Systems

In other news, CFO Jennifer Leigh Dirico sold 830 shares of the business’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $123.58, for a total transaction of $102,571.40. Following the sale, the chief financial officer directly owned 44,313 shares of the company’s stock, valued at $5,476,200.54. The trade was a 1.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sanjay Mirchandani sold 14,653 shares of the company’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $123.65, for a total value of $1,811,843.45. Following the sale, the chief executive officer directly owned 372,369 shares of the company’s stock, valued at approximately $46,043,426.85. This represents a 3.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 33,111 shares of company stock valued at $4,058,851. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

CVLT has been the topic of a number of recent analyst reports. Stephens began coverage on shares of CommVault Systems in a research note on Tuesday, December 30th. They set an “overweight” rating and a $162.00 price objective on the stock. DA Davidson dropped their price target on shares of CommVault Systems from $220.00 to $185.00 and set a “buy” rating on the stock in a research report on Thursday. Guggenheim reduced their price target on shares of CommVault Systems from $220.00 to $200.00 and set a “buy” rating for the company in a research note on Friday, January 16th. Zacks Research upgraded shares of CommVault Systems from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of CommVault Systems in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, CommVault Systems has a consensus rating of “Moderate Buy” and a consensus price target of $178.33.

CommVault Systems Price Performance

Shares of NASDAQ CVLT opened at $123.53 on Friday. CommVault Systems, Inc. has a twelve month low of $114.46 and a twelve month high of $200.68. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 4.18. The firm has a 50-day moving average of $123.73 and a two-hundred day moving average of $155.88. The company has a market capitalization of $5.45 billion, a price-to-earnings ratio of 69.40 and a beta of 0.57.

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

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.