Blair William & Co. IL grew its position in shares of CommVault Systems, Inc. (NASDAQ:CVLT – Free Report) by 23.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,697 shares of the software maker’s stock after purchasing an additional 1,072 shares during the period. Blair William & Co. IL’s holdings in CommVault Systems were worth $993,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in CVLT. GAMMA Investing LLC grew its position in shares of CommVault Systems by 33.4% during the 1st quarter. GAMMA Investing LLC now owns 1,342 shares of the software maker’s stock valued at $212,000 after purchasing an additional 336 shares in the last quarter. Fifth Third Bancorp grew its position in CommVault Systems by 34.0% in the first quarter. Fifth Third Bancorp now owns 465 shares of the software maker’s stock worth $73,000 after acquiring an additional 118 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in CommVault Systems in the first quarter worth $243,000. CWA Asset Management Group LLC grew its position in CommVault Systems by 24.2% in the first quarter. CWA Asset Management Group LLC now owns 9,930 shares of the software maker’s stock worth $1,567,000 after acquiring an additional 1,936 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its position in CommVault Systems by 3.4% in the first quarter. State of Alaska Department of Revenue now owns 5,156 shares of the software maker’s stock worth $813,000 after acquiring an additional 170 shares in the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
CVLT has been the subject of several research reports. Zacks Research upgraded shares of CommVault Systems from a “hold” rating to a “strong-buy” rating in a research report on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of CommVault Systems in a research report on Wednesday, October 8th. Wells Fargo & Company upped their target price 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. Truist Financial initiated coverage on shares of CommVault Systems in a research report on Wednesday, October 8th. They issued a “buy” rating and a $230.00 target price for the company. Finally, KeyCorp upped their target price 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. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $211.67.
CommVault Systems Stock Down 0.8%
NASDAQ CVLT opened at $170.72 on Friday. The company has a 50-day simple moving average of $182.45 and a two-hundred day simple moving average of $175.16. CommVault Systems, Inc. has a 12-month low of $128.07 and a 12-month high of $200.68. The firm has a market cap of $7.59 billion, a price-to-earnings ratio of 94.84 and a beta of 0.72.
CommVault Systems (NASDAQ:CVLT – Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The software maker reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.04. CommVault Systems had a net margin of 7.70% and a return on equity of 30.83%. The business had revenue of $281.98 million during the quarter, compared to analyst estimates of $267.83 million. CommVault Systems’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. Equities analysts expect that CommVault Systems, Inc. will post 1.65 earnings per share for the current fiscal year.
Insider Activity
In other news, CEO Sanjay Mirchandani sold 11,320 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $177.83, for a total transaction of $2,013,035.60. Following the completion of the transaction, the chief executive officer directly owned 458,361 shares of the company’s stock, valued at approximately $81,510,336.63. This represents a 2.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Allison Pickens sold 690 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $177.89, for a total transaction of $122,744.10. Following the transaction, the director directly owned 5,166 shares of the company’s stock, valued at approximately $918,979.74. This trade represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 55,942 shares of company stock valued at $10,019,157. 1.00% of the stock is currently owned by insiders.
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.
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