205,609 Shares in CommVault Systems, Inc. $CVLT Purchased by Jupiter Topco LLC

by · The Markets Daily

Jupiter Topco LLC acquired a new position in CommVault Systems, Inc. (NASDAQ:CVLT – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 205,609 shares of the software maker’s stock, valued at approximately $29,142,000. Jupiter Topco LLC owned approximately 0.50% of CommVault Systems as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of CommVault Systems in the 2nd quarter worth approximately $27,000. Silvant Capital Management LLC bought a new stake in CommVault Systems during the second quarter worth $30,000. State of Wyoming bought a new stake in CommVault Systems during the second quarter worth $35,000. Essential Partners LLC boosted its position in CommVault Systems by 9,920.0% in the first quarter. Essential Partners LLC now owns 501 shares of the software maker’s stock worth $39,000 after purchasing an additional 496 shares during the last quarter. Finally, Banque Cantonale Vaudoise purchased a new position in CommVault Systems in the third quarter worth $39,000. Institutional investors own 93.50% of the company’s stock.

CommVault Systems Stock Performance

Shares of CVLT opened at $136.40 on Friday. CommVault Systems, Inc. has a 1 year low of $71.75 and a 1 year high of $198.18. The company has a debt-to-equity ratio of 16.94, a current ratio of 2.04 and a quick ratio of 2.04. The stock’s fifty day moving average price is $139.29 and its two-hundred day moving average price is $111.27. The firm has a market cap of $5.65 billion, a PE ratio of 86.88 and a beta of 0.81.

CommVault Systems (NASDAQ:CVLT – Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The software maker reported $1.42 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $310.43 million. During the same quarter in the prior year, the company earned $1.01 EPS. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. On average, equities research analysts forecast that CommVault Systems, Inc. will post 2.84 EPS for the current year.

Insider Activity

In other CommVault Systems news, CFO Gary Merrill sold 1,854 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $143.64, for a total transaction of $266,308.56. Following the completion of the transaction, the chief financial officer owned 70,921 shares in the company, valued at $10,187,092.44. This trade represents a 2.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 12,437 shares of CommVault Systems stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $143.98, for a total transaction of $1,790,679.26. Following the completion of the transaction, the chief executive officer owned 269,373 shares of the company’s stock, valued at $38,784,324.54. The trade was a 4.41% decrease in their position. 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. Over the last three months, insiders have sold 29,602 shares of company stock valued at $4,240,541. 0.86% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

CVLT has been the subject of a number of recent analyst reports. DA Davidson set a $175.00 price objective on CommVault Systems in a research note on Wednesday, July 29th. Zacks Research downgraded shares of CommVault Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Guggenheim reissued a “buy” rating on shares of CommVault Systems in a report on Tuesday, July 28th. Piper Sandler lowered shares of CommVault Systems from an “overweight” rating to a “neutral” rating and set a $133.00 price target for the company. in a research report on Tuesday, July 28th. Finally, Truist Financial lifted their price objective on shares of CommVault Systems from $155.00 to $182.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $152.47.

Read Our Latest Stock Analysis on CVLT

CommVault Systems Profile

(Free Report)

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.

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