<div id="readability-page-1"><p>Congress Asset Management Co. raised its position in  CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) by 4.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 596,998 shares of the software maker's stock after purchasing an additional 26,110 shares during the quarter. Congress Asset Management Co. owned 1.34% of CommVault Systems worth $112,701,000 at the end of the most recent quarter.</p><div><p><span></span><span>Get <strong>CommVault Systems</strong> alerts:</span></p></div><ul><li>Commvault Stock: AI Cybersecurity Giant Ready to Double Again</li></ul><p>Several other hedge funds and other institutional investors have also modified their holdings of CVLT. Versor Investments LP grew its holdings in  CommVault Systems by 158.6% during the 2nd quarter. Versor Investments LP now owns 4,396 shares of the software maker's stock valued at $766,000 after purchasing an additional 2,696 shares in the last quarter.  Mirae Asset Global Investments Co. Ltd. boosted its position in  CommVault Systems by 23.8% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,750 shares of the software maker's stock valued at $305,000 after buying an additional 336 shares during the last quarter.  Vise Technologies Inc. acquired a new stake in shares of  CommVault Systems during the second quarter valued at about $429,000.  Allworth Financial LP increased its position in shares of  CommVault Systems by 19,656.7% during the second quarter. Allworth Financial LP now owns 11,854 shares of the software maker's stock worth $2,067,000 after acquiring an additional 11,794 shares during the last quarter.  Finally, Bailard Inc. purchased a new stake in shares of  CommVault Systems during the second quarter worth about $704,000. 93.50% of the stock is owned by institutional investors and hedge funds. </p><h2>CommVault Systems Stock Up 0.1%</h2><p>CVLT stock opened at $125.19 on Friday. The firm has a market cap of $5.52 billion, a price-to-earnings ratio of 70.33 and a beta of 0.60. CommVault Systems, Inc. has a 1-year low of $114.46 and a 1-year high of $200.68. The firm has a fifty day moving average price of $136.32 and a two-hundred day moving average price of $164.88. The company has a debt-to-equity ratio of 4.18, a current ratio of 2.53 and a quick ratio of 2.53. </p><ul><li>Commvault Continues its Rally, Outpacing Tech Stocks, Midcaps</li></ul><p>CommVault Systems (NASDAQ:CVLT - Get Free Report) last posted its quarterly earnings results on Tuesday, October 28th. The software maker reported $0.91 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.95 by ($0.04). CommVault Systems had a return on equity of 31.53% and a net margin of 7.32%.The business had revenue of $276.19 million during the quarter, compared to the consensus estimate of $273.31 million. During the same quarter in the previous year, the business posted $0.83 earnings per share. The company's quarterly revenue was up 18.4% compared to the same quarter last year.  Research analysts predict that  CommVault Systems, Inc. will post 1.65 EPS for the current year. </p><h2>Insider Buying and Selling at CommVault Systems</h2><p>In other news, insider Gary Merrill sold 2,674 shares of the company's stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $123.58, for a total transaction of $330,452.92. Following the completion of the transaction, the insider directly owned 69,163 shares of the company's stock, valued at approximately $8,547,163.54. This represents a 3.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities &amp; Exchange Commission, which can be accessed through the SEC website. Also, CFO Jennifer Leigh Dirico sold 830 shares of the firm's stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $123.58, for a total value of $102,571.40. Following the completion of the sale, the chief financial officer directly owned 44,313 shares in the company, valued at approximately $5,476,200.54. This trade represents a 1.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 33,111 shares of company stock worth $4,058,851 over the last ninety days. Company insiders own  1.00% of the company's stock. </p><h2>Wall Street Analyst Weigh In</h2><ul><li>Commvault launches to new highs; more highs to come</li></ul><p>A number of brokerages have weighed in on CVLT. Zacks Research lowered CommVault Systems from a &#34;strong-buy&#34; rating to a &#34;strong sell&#34; rating in a research note on Friday, October 31st. Oppenheimer initiated coverage on shares of CommVault Systems in a research report on Monday, November 10th. They set an &#34;outperform&#34; rating for the company. Weiss Ratings  reaffirmed a &#34;hold (c)&#34; rating on shares of CommVault Systems in a report on Wednesday, October 8th. KeyCorp reduced their price objective on shares of CommVault Systems from $225.00 to $185.00 and set an &#34;overweight&#34; rating on the stock in a research note on Wednesday, October 29th. Finally, Wall Street Zen downgraded shares of CommVault Systems from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a research report on Saturday, November 1st. One investment analyst  has rated the stock with a Strong Buy rating, ten have assigned  a Buy rating, three have issued  a Hold rating and one  has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of &#34;Moderate Buy&#34; and an average price target of $194.64.</p><p><b>Read Our Latest Stock Report on CommVault Systems</b></p><h2>About CommVault Systems</h2> (Free Report)<p>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.  </p><p>Commvault's platform is built on a unified architecture that allows customers to streamline operations, reduce complexity, and ensure data resiliency.</p><h2>Read More</h2><ul><li>Five stocks we like better than CommVault Systems</li><li>What is Short Interest? How to Use It</li><li>These 3 Banks Are Rallying Into Year-End, But Will It Continue?</li><li>What Are Dividend Champions? How to Invest in the Champions</li><li>3 Surging Stocks Just Got the Ultimate Stamp of Approval From the S&amp;P 500</li><li>What is a Low P/E Ratio and What Does it Tell Investors?</li><li>This ETF Caught a Major Tailwind After the Fed’s Rate Cut</li></ul><p><strong>Want to see what other hedge funds are holding CVLT?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CommVault Systems, Inc. (NASDAQ:CVLT - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9Q1ZMVA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9Q1ZMVA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in CommVault Systems Right Now?</h2><p>Before you consider CommVault Systems, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CommVault Systems wasn't on the list.</p><p>While CommVault Systems currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

CVLT

<p>Congress Asset Management Co. increased its stake in CommVault Systems by 4.6% in Q3, owning 1.34% of the company worth $112.7 million. Other institutional investors also adjusted their holdings. CommVault's stock opened at $125.19 with a market cap of $5.52 billion. The company reported Q3 earnings of $0.91 per share, missing estimates, but revenue rose 18.4% year-over-year. Insiders sold shares worth $4.06 million recently. Analysts have mixed ratings on the stock.</p>

Congress Asset Management Co. Boosts Stake in CommVault Systems, Inc. $CVLT