Madison Asset Management LLC Takes $4.72 Million Position in CommVault Systems, Inc. $CVLT

Madison Asset Management LLC bought a new stake in shares of CommVault Systems, Inc. (NASDAQ:CVLT) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 33,284 shares of the software maker’s stock, valued at approximately $4,717,000. Madison Asset Management LLC owned approximately 0.08% of CommVault Systems as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also bought and sold shares of CVLT. BlackRock Inc. bought a new stake in CommVault Systems during the second quarter valued at about $855,420,000. TD Asset Management Inc boosted its stake in shares of CommVault Systems by 14,047.5% in the fourth quarter. TD Asset Management Inc now owns 381,982 shares of the software maker’s stock worth $47,885,000 after acquiring an additional 379,282 shares during the period. AQR Capital Management LLC boosted its stake in shares of CommVault Systems by 60.8% in the second quarter. AQR Capital Management LLC now owns 893,385 shares of the software maker’s stock worth $155,744,000 after acquiring an additional 337,830 shares during the period. Pictet Asset Management Holding SA grew its position in shares of CommVault Systems by 36.2% during the first quarter. Pictet Asset Management Holding SA now owns 1,239,225 shares of the software maker’s stock worth $96,447,000 after purchasing an additional 329,243 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of CommVault Systems during the second quarter worth about $45,197,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

CommVault Systems News Summary

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

• Positive Sentiment: Analysts maintain a consensus “Moderate Buy” rating, with an average price target of approximately $152.47. Recent targets include $155 from Stephens and $182 from Truist, although Piper Sandler downgraded the stock to neutral with a $133 target. CommVault Systems Given Consensus Rating of Moderate Buy by Analysts
• Positive Sentiment: Commvault’s latest quarterly results remain a supportive backdrop: earnings of $1.42 per share exceeded estimates by $0.26, revenue reached $314.13 million, and sales increased 11.4% year over year. CommVault Systems financial and analyst information
• Neutral Sentiment: CEO Sanjay Mirchandani sold 24,134 shares worth roughly $3.47 million from August 17–19. CFO Gary Merrill sold 3,147 shares worth about $451,000, while Chief Accounting Officer Danielle Abrahamsen sold 996 shares worth approximately $143,000. All reported sales were tied to tax withholding and left the executives with substantial remaining holdings. CommVault Systems insider buying and selling
• Negative Sentiment: The concentration of insider selling may create short-term supply and sentiment pressure, particularly with CVLT trading below its 50-day moving average and at a high valuation of more than 80 times earnings. Nevertheless, the planned, tax-related nature of the sales reduces the bearish significance.

CommVault Systems Price Performance

NASDAQ:CVLT opened at $131.63 on Friday. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 16.94. The company has a market capitalization of $5.45 billion, a P/E ratio of 83.84 and a beta of 0.81. CommVault Systems, Inc. has a 12 month low of $71.75 and a 12 month high of $198.18. The business’s 50-day moving average is $138.49 and its 200 day moving average is $109.32.

CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings results on Tuesday, July 28th. The software maker reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.26. CommVault Systems had a return on equity of 88.75% and a net margin of 5.62%.The company had revenue of $314.13 million during the quarter, compared to analyst estimates of $310.43 million. During the same period in the prior year, the company earned $1.01 earnings per share. The firm’s revenue was up 11.4% on a year-over-year basis. On average, equities research analysts forecast that CommVault Systems, Inc. will post 2.84 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CVLT. Wall Street Zen cut CommVault Systems from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Royal Bank Of Canada increased their price objective on shares of CommVault Systems from $100.00 to $110.00 and gave the company a “sector perform” rating in a report on Wednesday, April 29th. Wolfe Research began coverage on shares of CommVault Systems in a research report on Friday, May 1st. They set a “peer perform” rating on the stock. UBS Group reissued a “neutral” rating on shares of CommVault Systems in a report on Monday, July 27th. Finally, Scotiabank restated a “sector perform” rating and set a $130.00 target price on shares of CommVault Systems in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $152.47.

Insider Activity

In related news, Director A Shane Sanders sold 476 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $134.19, for a total value of $63,874.44. Following the completion of the transaction, the director directly owned 8,696 shares of the company’s stock, valued at approximately $1,166,916.24. This trade represents a 5.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gary Merrill sold 4,554 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $106.70, for a total transaction of $485,911.80. Following the completion of the transaction, the chief financial officer directly owned 72,775 shares of the company’s stock, valued at approximately $7,765,092.50. This trade represents a 5.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. In the last ninety days, insiders sold 34,433 shares of company stock worth $4,756,008. 0.86% of the stock is owned by corporate insiders.

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.