Texas Permanent School Fund Corp Purchases 4,227 Shares of CommVault Systems, Inc. $CVLT

by · The Cerbat Gem

Texas Permanent School Fund Corp increased its position in shares of CommVault Systems, Inc. (NASDAQ:CVLT – Free Report) by 10.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 44,091 shares of the software maker’s stock after purchasing an additional 4,227 shares during the quarter. Texas Permanent School Fund Corp’s holdings in CommVault Systems were worth $7,686,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC increased its position in CommVault Systems by 2.9% during the 1st quarter. Acadian Asset Management LLC now owns 1,505,357 shares of the software maker’s stock worth $237,454,000 after buying an additional 43,075 shares during the period. Geode Capital Management LLC grew its stake in shares of CommVault Systems by 2.0% in the second quarter. Geode Capital Management LLC now owns 1,337,403 shares of the software maker’s stock valued at $233,172,000 after acquiring an additional 26,207 shares in the last quarter. AQR Capital Management LLC increased its position in 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 acquiring an additional 337,830 shares during the period. Goldman Sachs Group Inc. raised its stake in CommVault Systems by 6.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 632,084 shares of the software maker’s stock worth $99,718,000 after purchasing an additional 36,601 shares in the last quarter. Finally, Congress Asset Management Co. boosted its holdings in CommVault Systems by 1.9% in the 2nd quarter. Congress Asset Management Co. now owns 570,888 shares of the software maker’s stock valued at $99,523,000 after purchasing an additional 10,446 shares during the period. 93.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CVLT. Zacks Research cut shares of CommVault Systems from a “strong-buy” rating to a “strong sell” rating in a report on Friday, October 31st. Truist Financial reduced their price target on CommVault Systems from $230.00 to $210.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. Wells Fargo & Company decreased their target price on shares of CommVault Systems from $220.00 to $190.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. DA Davidson restated a “buy” rating and set a $220.00 target price on shares of CommVault Systems in a research note on Thursday, November 13th. Finally, Cantor Fitzgerald decreased their price target on CommVault Systems from $189.00 to $144.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $194.64.

Read Our Latest Research Report on CVLT

Insider Transactions at CommVault Systems

In other CommVault Systems news, CFO Jennifer Leigh Dirico sold 830 shares of the business’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 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sanjay Mirchandani sold 13,109 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $121.15, for a total transaction of $1,588,155.35. Following the completion of the transaction, the chief executive officer owned 359,260 shares of the company’s stock, valued at approximately $43,524,349. This trade represents a 3.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 33,111 shares of company stock worth $4,058,851. Insiders own 1.00% of the company’s stock.

CommVault Systems Stock Performance

NASDAQ CVLT opened at $119.84 on Tuesday. The firm’s fifty day moving average price is $140.29 and its two-hundred day moving average price is $166.45. The stock has a market cap of $5.28 billion, a PE ratio of 67.33 and a beta of 0.60. The company has a debt-to-equity ratio of 4.18, a quick ratio of 2.53 and a current ratio of 2.53. CommVault Systems, Inc. has a fifty-two week low of $114.46 and a fifty-two week high of $200.68.

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

CommVault Systems Profile

(Free Report)

Commvault Systems, Inc provides data protection platform that helps customers to secure, defend, and recover their data in the United States and internationally. The company offers Commvault Backup and Recovery, a backup and recovery solution; Commvault Disaster Recovery, a replication and disaster recovery solution; Commvault Complete Data Protection, a data protection solution; and Metallic Data Protection as-a-service, which delivers enterprise-grade data protection as a service on a cloud platform, with advanced built-in security controls.

Featured Articles

Want to see what other hedge funds are holding CVLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CommVault Systems, Inc. (NASDAQ:CVLT – Free Report).