35,868 Shares in CommVault Systems, Inc. $CVLT Purchased by Empowered Funds LLC

Key Points

• Empowered Funds LLC has acquired 35,868 shares of CommVault Systems, valued at approximately $5,659,000, reflecting its new position in the company.
• Wall Street analysts have issued optimistic reports about CommVault Systems, with multiple brokerages increasing their target prices, predicting substantial growth for the stock.
• In recent insider transactions, CFO Jennifer Leigh Dirico sold 14,909 shares, indicating a 24.83% decrease in her ownership, amidst a trend of increasing share sales by company insiders.

Empowered Funds LLC purchased a new stake in CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 35,868 shares of the software maker's stock, valued at approximately $5,659,000. Empowered Funds LLC owned about 0.08% of CommVault Systems at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CVLT. Cetera Investment Advisers lifted its position in CommVault Systems by 11.6% in the fourth quarter. Cetera Investment Advisers now owns 1,716 shares of the software maker's stock valued at $259,000 after acquiring an additional 179 shares during the last quarter. Deutsche Bank AG lifted its position in CommVault Systems by 81.0% in the fourth quarter. Deutsche Bank AG now owns 79,380 shares of the software maker's stock valued at $11,979,000 after acquiring an additional 35,514 shares during the last quarter. Ethic Inc. purchased a new stake in CommVault Systems in the fourth quarter valued at $224,000. Gotham Asset Management LLC purchased a new stake in CommVault Systems in the fourth quarter valued at $331,000. Finally, Janus Henderson Group PLC lifted its position in CommVault Systems by 5.2% in the fourth quarter. Janus Henderson Group PLC now owns 20,066 shares of the software maker's stock valued at $3,026,000 after acquiring an additional 1,000 shares during the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. DA Davidson lifted their price objective on shares of CommVault Systems from $200.00 to $220.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Piper Sandler lifted 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. Wells Fargo & Company lifted their price objective on shares of CommVault Systems from $190.00 to $220.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Guggenheim set a $220.00 price objective on shares of CommVault Systems in a research note on Tuesday, July 29th. Finally, Wall Street Zen upgraded shares of CommVault Systems from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $205.63.

Insider Activity

In other news, 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 transaction of $2,716,717.98. Following the transaction, the chief financial officer directly owned 45,143 shares in the company, valued at $8,225,957.46. The trade was a 24.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sanjay Mirchandani sold 11,320 shares of the business's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $177.83, for a total transaction of $2,013,035.60. Following the transaction, the chief executive officer owned 458,361 shares in the company, valued at approximately $81,510,336.63. This trade represents a 2.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,698 shares of company stock valued at $7,305,573. 1.00% of the stock is owned by insiders.

CommVault Systems Trading Down 2.8%

Shares of CommVault Systems stock traded down $4.98 on Friday, reaching $175.96. 477,693 shares of the stock were exchanged, compared to its average volume of 599,089. CommVault Systems, Inc. has a 1-year low of $128.07 and a 1-year high of $200.68. The business has a fifty day moving average price of $178.45 and a two-hundred day moving average price of $171.64. The firm has a market capitalization of $7.82 billion, a PE ratio of 97.76 and a beta of 0.74.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last issued its quarterly 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 net margin of 7.70% and a return on equity of 30.83%. The business had revenue of $281.98 million for the quarter, compared to analyst estimates of $267.83 million. The firm'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. Research analysts expect that CommVault Systems, Inc. will post 1.65 EPS for the current year.

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.