Strs Ohio Invests $1.70 Million in CommVault Systems, Inc. $CVLT

Key Points

• Strs Ohio acquired a new position in CommVault Systems, purchasing 10,800 shares valued at approximately $1.7 million in the first quarter, while other institutional investors also made significant stake adjustments.
• Insider sales were reported, with Gary Merrill selling over 15,000 shares and CEO Sanjay Mirchandani selling around 11,300 shares, reflecting a decrease in their positions.
• CommVault Systems recently reported a 26% year-over-year revenue increase and adjusted its EPS guidance, with analysts upgrading their price targets for the stock significantly.

Strs Ohio acquired a new stake in shares of CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 10,800 shares of the software maker's stock, valued at approximately $1,704,000.

A number of other hedge funds also recently made changes to their positions in CVLT. Nuveen LLC acquired a new stake in shares of CommVault Systems during the 1st quarter valued at $116,223,000. Wedge Capital Management L L P NC boosted its holdings in shares of CommVault Systems by 1,936.0% during the first 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 during the period. Champlain Investment Partners LLC bought a new stake in shares of CommVault Systems during the first quarter valued at approximately $47,361,000. GAMMA Investing LLC boosted its stake in shares of CommVault Systems by 20,945.1% during the 1st quarter. GAMMA Investing LLC now owns 211,714 shares of the software maker's stock worth $33,400,000 after acquiring an additional 210,708 shares during the last quarter. Finally, Wellington Management Group LLP bought a new stake in CommVault Systems in the 1st quarter valued at $22,540,000. 93.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Jennifer Leigh Dirico sold 14,909 shares of the business's stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $182.22, for a total value of $2,716,717.98. Following the sale, the chief financial officer directly owned 45,143 shares in the company, valued at approximately $8,225,957.46. The trade was a 24.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Sanjay Mirchandani sold 11,320 shares of the company's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $177.83, for a total value of $2,013,035.60. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders sold 55,942 shares of company stock valued at $10,019,157 over the last quarter. 1.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CVLT. Royal Bank Of Canada lifted their price objective on shares of CommVault Systems from $185.00 to $217.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 30th. Piper Sandler increased their price objective on shares of CommVault Systems from $168.00 to $170.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. DA Davidson lifted their target price 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. Guggenheim set a $220.00 target price on shares of CommVault Systems in a report on Tuesday, July 29th. Finally, Wells Fargo & Company raised their price target on shares of CommVault Systems from $190.00 to $220.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $205.63.

CommVault Systems Stock Down 0.4%

NASDAQ CVLT traded down $0.80 during midday trading on Friday, hitting $194.61. The company had a trading volume of 3,157,134 shares, compared to its average volume of 680,446. The firm has a fifty day simple moving average of $180.48 and a two-hundred day simple moving average of $172.43. CommVault Systems, Inc. has a fifty-two week low of $128.07 and a fifty-two week high of $200.68. The stock has a market cap of $8.65 billion, a price-to-earnings ratio of 108.12 and a beta of 0.74.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The software maker reported $1.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.04. The firm had revenue of $281.98 million during the quarter, compared to analysts' expectations of $267.83 million. CommVault Systems had a net margin of 7.70% and a return on equity of 30.83%. The business's quarterly 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. As a group, equities analysts predict that CommVault Systems, Inc. will post 1.65 earnings per share for the current year.

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.