State of Alaska Department of Revenue Has $863,000 Stake in CommVault Systems, Inc. $CVLT

State of Alaska Department of Revenue trimmed its holdings in CommVault Systems, Inc. (NASDAQ:CVLT) by 3.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,956 shares of the software maker’s stock after selling 200 shares during the period. State of Alaska Department of Revenue’s holdings in CommVault Systems were worth $863,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC acquired a new stake in shares of CommVault Systems in the first quarter valued at approximately $243,000. Asset Management One Co. Ltd. acquired a new stake in shares of CommVault Systems in the first quarter valued at approximately $1,229,000. Principal Financial Group Inc. raised its position in shares of CommVault Systems by 1.4% in the first 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 stake in shares of CommVault Systems in the first quarter valued at approximately $260,000. Finally, Harbor Capital Advisors Inc. raised its position in shares of CommVault Systems by 40,181.8% in the first quarter. Harbor Capital Advisors Inc. now owns 8,862 shares of the software maker’s stock valued at $1,398,000 after buying an additional 8,840 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

CommVault Systems Stock Down 1.2%

Shares of CVLT opened at $178.20 on Tuesday. CommVault Systems, Inc. has a 12-month low of $128.07 and a 12-month high of $200.68. The business has a 50-day simple moving average of $184.69 and a two-hundred day simple moving average of $174.87. The stock has a market cap of $7.92 billion, a PE ratio of 99.00 and a beta of 0.72.

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

Insider Transactions at CommVault Systems

In related news, Director Allison Pickens sold 690 shares of the business’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $177.89, for a total value of $122,744.10. Following the sale, the director owned 5,166 shares of the company’s stock, valued at $918,979.74. The trade was a 11.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Gary Merrill sold 15,244 shares of the business’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $178.01, for a total transaction of $2,713,584.44. Following the completion of the sale, the insider directly owned 71,837 shares in the company, valued at approximately $12,787,704.37. This represents a 17.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold 55,942 shares of company stock worth $10,019,157 in the last 90 days. 1.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on CVLT. KeyCorp boosted their price objective on shares of CommVault Systems from $195.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, July 30th. Wells Fargo & Company boosted their price objective on shares of CommVault Systems from $190.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, July 30th. Wall Street Zen downgraded shares of CommVault Systems from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 21st. Guggenheim set a $220.00 price objective on shares of CommVault Systems in a research report on Tuesday, July 29th. Finally, Piper Sandler boosted their price objective on shares of CommVault Systems from $168.00 to $170.00 and gave the company a “neutral” rating in a research report on Monday, July 14th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $205.63.

About CommVault Systems

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.