Empowered Funds LLC Takes $5.66 Million Position in CommVault Systems, Inc. $CVLT

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 bought a new stake in CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 35,868 shares of the software maker's stock, valued at approximately $5,659,000. Empowered Funds LLC owned approximately 0.08% of CommVault Systems as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CVLT. Cetera Investment Advisers lifted its stake in CommVault Systems by 11.6% in the 4th quarter. Cetera Investment Advisers now owns 1,716 shares of the software maker's stock valued at $259,000 after buying an additional 179 shares in the last quarter. Deutsche Bank AG lifted its stake in CommVault Systems by 81.0% in the 4th quarter. Deutsche Bank AG now owns 79,380 shares of the software maker's stock valued at $11,979,000 after buying an additional 35,514 shares in the last quarter. Ethic Inc. purchased a new stake in CommVault Systems in the 4th quarter valued at approximately $224,000. Gotham Asset Management LLC purchased a new stake in CommVault Systems in the 4th quarter valued at approximately $331,000. Finally, Janus Henderson Group PLC lifted its stake in CommVault Systems by 5.2% in the 4th quarter. Janus Henderson Group PLC now owns 20,066 shares of the software maker's stock valued at $3,026,000 after buying an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company's stock.

Analyst Upgrades and Downgrades

CVLT has been the topic of a number of recent research reports. Piper Sandler upped their target price on 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 increased their price target on CommVault Systems from $200.00 to $220.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Wall Street Zen raised CommVault Systems from a "buy" rating to a "strong-buy" rating in a research note on Saturday. KeyCorp increased their price target on CommVault Systems from $195.00 to $225.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Finally, Royal Bank Of Canada increased their price target on CommVault Systems from $185.00 to $217.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 30th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $205.63.

CommVault Systems Trading Up 0.8%

NASDAQ CVLT traded up $1.47 during trading hours on Wednesday, reaching $191.14. The company's stock had a trading volume of 118,176 shares, compared to its average volume of 512,472. The business has a 50-day simple moving average of $179.11 and a 200 day simple moving average of $171.89. CommVault Systems, Inc. has a 52 week low of $128.07 and a 52 week high of $200.68. The stock has a market cap of $8.50 billion, a PE ratio of 106.20 and a beta of 0.74.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.97 by $0.04. The firm had revenue of $281.98 million for 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 company's quarterly revenue was up 26% compared to the same quarter last year. 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 EPS for the current year.

Insiders Place Their Bets

In other news, Director Allison Pickens sold 690 shares of CommVault Systems stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $177.89, for a total transaction of $122,744.10. Following the sale, the director owned 5,166 shares of the company's stock, valued at approximately $918,979.74. The trade was a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Sanjay Mirchandani sold 11,320 shares of CommVault Systems stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $177.83, for a total value of $2,013,035.60. Following the sale, the chief executive officer directly owned 458,361 shares in the company, valued at approximately $81,510,336.63. This trade represents a 2.41% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 55,942 shares of company stock worth $10,019,157. 1.00% of the stock is currently owned by corporate 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.