Raymond James Financial Inc. Has $8.20 Million Position in CommVault Systems, Inc. $CVLT

Raymond James Financial Inc. grew its position in CommVault Systems, Inc. (NASDAQ:CVLT) by 178.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,966 shares of the software maker’s stock after buying an additional 33,315 shares during the quarter. Raymond James Financial Inc. owned 0.12% of CommVault Systems worth $8,199,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC acquired a new position in shares of CommVault Systems in the 1st quarter valued at approximately $243,000. Asset Management One Co. Ltd. acquired a new position in shares of CommVault Systems in the 1st quarter valued at approximately $1,229,000. Principal Financial Group Inc. raised its position in shares of CommVault Systems by 1.4% in the 1st quarter. Principal Financial Group Inc. now owns 122,042 shares of the software maker’s stock valued at $19,253,000 after buying an additional 1,668 shares in the last quarter. Yorktown Management & Research Co Inc acquired a new position in shares of CommVault Systems in the 1st quarter valued at approximately $260,000. Finally, Wedge Capital Management L L P NC increased its position in CommVault Systems by 1,936.0% during the 1st quarter. Wedge Capital Management L L P NC now owns 360,355 shares of the software maker’s stock worth $56,850,000 after purchasing an additional 342,656 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

CommVault Systems Price Performance

CVLT opened at $186.65 on Tuesday. CommVault Systems, Inc. has a fifty-two week low of $128.07 and a fifty-two week high of $200.68. The firm has a market capitalization of $8.30 billion, a price-to-earnings ratio of 103.69 and a beta of 0.74. The company’s 50 day moving average price is $177.30 and its two-hundred day moving average price is $171.48.

CommVault Systems (NASDAQ:CVLT) last posted its earnings results on Tuesday, July 29th. The software maker reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.04. CommVault Systems had a net margin of 7.70% and a return on equity of 30.83%. The firm had revenue of $281.98 million for the quarter, compared to analyst estimates of $267.83 million. The firm’s revenue was up 26% compared to the same quarter last year. CommVault Systems has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. As a group, equities research analysts predict that CommVault Systems, Inc. will post 1.65 EPS for the current year.

Insiders Place Their Bets

In other CommVault Systems news, CFO Jennifer Leigh Dirico sold 11,151 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $178.03, for a total transaction of $1,985,212.53. Following the sale, the chief financial officer directly owned 60,052 shares of the company’s stock, valued at $10,691,057.56. The trade was a 15.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Gary Merrill sold 2,628 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $178.03, for a total transaction of $467,862.84. Following the sale, the insider directly owned 87,081 shares in the company, valued at $15,503,030.43. The trade was a 2.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,099 shares of company stock valued at $4,466,111 in the last ninety days. 1.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Guggenheim set a $220.00 price objective on shares of CommVault Systems in a research report on Tuesday, July 29th. KeyCorp upped their price objective on shares of CommVault Systems from $195.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. Wells Fargo & Company upped their price objective on shares of CommVault Systems from $190.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. Piper Sandler upped their price objective on shares of CommVault Systems from $168.00 to $170.00 and gave the stock a “neutral” rating in a research report on Monday, July 14th. Finally, DA Davidson upped their price objective on shares of CommVault Systems from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $205.63.

CommVault Systems Profile

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.