Diversify Wealth Management LLC Grows Position in CommVault Systems, Inc. $CVLT

Diversify Wealth Management LLC increased its position in CommVault Systems, Inc. (NASDAQ:CVLT) by 72.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,536 shares of the software maker’s stock after purchasing an additional 5,278 shares during the period. Diversify Wealth Management LLC’s holdings in CommVault Systems were worth $976,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CVLT. Fifth Third Bancorp grew its position in shares of CommVault Systems by 4,865.2% in the 1st quarter. Fifth Third Bancorp now owns 21,102 shares of the software maker’s stock worth $1,644,000 after buying an additional 20,677 shares during the period. Oregon Public Employees Retirement Fund lifted its position in CommVault Systems by 2.5% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 9,047 shares of the software maker’s stock valued at $705,000 after acquiring an additional 222 shares during the period. Praxis Investment Management Inc. purchased a new stake in CommVault Systems in the first quarter worth about $218,000. Y Intercept Hong Kong Ltd grew its holdings in CommVault Systems by 1,415.4% in the first quarter. Y Intercept Hong Kong Ltd now owns 61,781 shares of the software maker’s stock worth $4,812,000 after purchasing an additional 57,704 shares during the period. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of CommVault Systems during the first quarter valued at approximately $242,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Key CommVault Systems News

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

• Positive Sentiment: Mizuho raised its price target on Commvault Systems (CVLT) to $175 from $140 and kept an outperform rating, signaling continued confidence in the company’s growth outlook. Mizuho price target increase
• Neutral Sentiment: Commvault reported strong recent quarterly results, with earnings and revenue both beating expectations and revenue rising 13.3% year over year, which supports the long-term investment case.
• Negative Sentiment: Multiple law firms issued updated reminders about the Commvault securities class action, including an expanded class period and an upcoming July 17 lead-plaintiff deadline, keeping legal risk front and center for shareholders. HBSS expanded class period
• Negative Sentiment: Additional investor alerts from Rosen, Faruqi, Glancy Prongay, Robbins Geller, Pomerantz, the Gross Law Firm, and Portnoy reinforced the litigation story, which can weigh on sentiment even if the operational business remains solid.

CommVault Systems Stock Performance

Shares of NASDAQ CVLT opened at $146.13 on Thursday. CommVault Systems, Inc. has a 52-week low of $71.75 and a 52-week high of $200.68. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 117.54. The firm’s 50-day moving average price is $125.04 and its 200-day moving average price is $105.98. The company has a market cap of $6.05 billion, a PE ratio of 91.91 and a beta of 0.79.

CommVault Systems (NASDAQ:CVLT) last announced its earnings results on Tuesday, April 28th. The software maker reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.19. CommVault Systems had a net margin of 5.97% and a return on equity of 51.64%. The business had revenue of $311.69 million during the quarter, compared to analyst estimates of $306.71 million. During the same period in the previous year, the business earned $1.03 EPS. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. As a group, analysts anticipate that CommVault Systems, Inc. will post 2.88 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CVLT shares. Wolfe Research initiated coverage on shares of CommVault Systems in a report on Friday, May 1st. They set a “peer perform” rating for the company. Weiss Ratings upgraded CommVault Systems from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 16th. Jefferies Financial Group initiated coverage on CommVault Systems in a research note on Monday, April 27th. They set a “hold” rating and a $105.00 price objective for the company. Robert W. Baird dropped their target price on CommVault Systems from $185.00 to $160.00 and set an “outperform” rating on the stock in a report on Monday, April 13th. Finally, William Blair reissued a “market perform” rating on shares of CommVault Systems in a research note on Monday, March 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $138.67.

Insider Activity at CommVault Systems

In other CommVault Systems news, CEO Sanjay Mirchandani sold 8,450 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $99.13, for a total transaction of $837,648.50. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 4,554 shares of the company’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 sale, the chief financial officer owned 72,775 shares of the company’s stock, valued at $7,765,092.50. This trade represents a 5.89% decrease in their ownership of the stock. 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. Over the last ninety days, insiders sold 55,279 shares of company stock worth $5,786,557. 0.86% of the stock is owned by company insiders.

CommVault Systems 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.