Bessemer Group Inc. Sells 7,090 Shares of CommVault Systems, Inc. $CVLT

Bessemer Group Inc. trimmed its holdings in CommVault Systems, Inc. (NASDAQ:CVLT) by 62.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,354 shares of the software maker’s stock after selling 7,090 shares during the period. Bessemer Group Inc.’s holdings in CommVault Systems were worth $340,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Boston Trust Walden Corp bought a new position in shares of CommVault Systems during the 4th quarter valued at about $30,830,000. Intech Investment Management LLC increased its stake in CommVault Systems by 52.4% during the 4th quarter. Intech Investment Management LLC now owns 86,634 shares of the software maker’s stock worth $10,860,000 after purchasing an additional 29,796 shares in the last quarter. Epoch Investment Partners Inc. bought a new stake in CommVault Systems during the 4th quarter worth approximately $27,278,000. BNP Paribas Financial Markets raised its holdings in CommVault Systems by 410.8% during the 4th quarter. BNP Paribas Financial Markets now owns 320,468 shares of the software maker’s stock worth $40,174,000 after buying an additional 257,729 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH raised its holdings in CommVault Systems by 64.3% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 273,206 shares of the software maker’s stock worth $21,280,000 after buying an additional 106,970 shares during the period. 93.50% of the stock is currently owned by institutional investors.

CommVault Systems Price Performance

Shares of CVLT opened at $142.31 on Friday. The stock has a market capitalization of $5.89 billion, a P/E ratio of 89.50 and a beta of 0.79. CommVault Systems, Inc. has a twelve month low of $71.75 and a twelve month high of $200.68. The company has a 50 day moving average of $130.92 and a 200-day moving average of $107.03. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 117.54.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings data on Tuesday, April 28th. The software maker reported $1.28 earnings per share (EPS) 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 company had revenue of $311.69 million for the quarter, compared to the consensus estimate of $306.71 million. During the same period last year, the company earned $1.03 earnings per share. The firm’s revenue was up 13.3% compared to the same quarter last year. As a group, equities research analysts forecast that CommVault Systems, Inc. will post 2.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CVLT has been the subject of several research analyst reports. Truist Financial upped their price target on shares of CommVault Systems from $155.00 to $182.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Zacks Research cut shares of CommVault Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Scotiabank upped their target price on shares of CommVault Systems from $105.00 to $110.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 29th. Wall Street Zen cut CommVault Systems from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, DA Davidson reissued a “buy” rating and issued a $125.00 price target on shares of CommVault Systems in a research note on Monday, April 13th. One 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 company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $145.47.

Insider Activity at CommVault Systems

In other news, CAO Danielle Nicole Abrahamsen sold 1,065 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $105.84, for a total value of $112,719.60. Following the completion of the transaction, the chief accounting officer owned 13,581 shares in the company, valued at $1,437,413.04. This trade represents a 7.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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, CEO Sanjay Mirchandani sold 19,396 shares of CommVault Systems stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $105.49, for a total value of $2,046,084.04. Following the completion of the sale, the chief executive officer directly owned 315,377 shares in the company, valued at approximately $33,269,119.73. This represents a 5.79% decrease in their position. The SEC filing for this sale provides additional information. 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 90 days, insiders sold 55,279 shares of company stock valued at $5,786,557. Corporate insiders own 0.86% of the company’s stock.

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.