111 Capital Invests $507,000 in CommVault Systems, Inc. $CVLT

Key Points

• 111 Capital has invested approximately $507,000 in CommVault Systems by acquiring 2,907 shares during the second quarter, as reported in the latest SEC filing.
• Several analysts have raised their price targets for CommVault shares, with estimates climbing to $220 from previous targets, indicating a strong outlook and “buy” ratings from multiple firms.
• CommVault’s CEO sold 11,320 shares for over $2 million on August 18, resulting in a 2.41% decrease in his ownership, while other insiders have also sold large amounts of stock recently.

111 Capital purchased a new position in CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,907 shares of the software maker's stock, valued at approximately $507,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CVLT. Frank Rimerman Advisors LLC increased its position in shares of CommVault Systems by 3.8% in the first quarter. Frank Rimerman Advisors LLC now owns 1,709 shares of the software maker's stock worth $270,000 after purchasing an additional 63 shares during the last quarter. NorthCrest Asset Manangement LLC increased its position in shares of CommVault Systems by 1.3% in the first quarter. NorthCrest Asset Manangement LLC now owns 5,753 shares of the software maker's stock worth $908,000 after purchasing an additional 72 shares during the last quarter. SBI Securities Co. Ltd. increased its position in shares of CommVault Systems by 101.3% in the first quarter. SBI Securities Co. Ltd. now owns 159 shares of the software maker's stock worth $25,000 after purchasing an additional 80 shares during the last quarter. GAMMA Investing LLC increased its position in shares of CommVault Systems by 6.0% in the second quarter. GAMMA Investing LLC now owns 1,422 shares of the software maker's stock worth $248,000 after purchasing an additional 80 shares during the last quarter. Finally, Johnson Investment Counsel Inc. increased its position in shares of CommVault Systems by 6.7% in the first quarter. Johnson Investment Counsel Inc. now owns 1,451 shares of the software maker's stock worth $229,000 after purchasing an additional 91 shares during the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CVLT shares. 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. Wells Fargo & Company increased their price target 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. Guggenheim set a $220.00 price target on shares of CommVault Systems in a research report on Tuesday, July 29th. Wall Street Zen cut shares of CommVault Systems from a "strong-buy" rating to a "buy" rating in a research report on Sunday, September 21st. Finally, KeyCorp increased their price target 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. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $205.63.

Insider Activity at CommVault Systems

In other news, CEO Sanjay Mirchandani sold 11,320 shares of the business's stock in a transaction that occurred on 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 $81,510,336.63. The trade was a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jennifer Leigh Dirico sold 14,909 shares of the business's stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $182.22, for a total value of $2,716,717.98. Following the sale, the chief financial officer owned 45,143 shares of the company's stock, valued at approximately $8,225,957.46. This represents a 24.83% decrease in their ownership of the stock. 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 ninety days. Company insiders own 1.00% of the company's stock.

CommVault Systems Price Performance

CVLT opened at $180.30 on Monday. The stock has a 50-day moving average price of $184.40 and a 200-day moving average price of $174.75. The firm has a market cap of $8.02 billion, a PE ratio of 100.17 and a beta of 0.72. CommVault Systems, Inc. has a 1 year low of $128.07 and a 1 year high of $200.68.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last issued 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 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 analyst estimates of $267.83 million. The business's revenue for the quarter 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, sell-side analysts anticipate that CommVault Systems, Inc. will post 1.65 EPS 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.

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