Alliancebernstein L.P. Reduces Stock Holdings in CommVault Systems, Inc. $CVLT

Key Points

• Alliancebernstein L.P. reduced its holdings in CommVault Systems by 5.8%, owning 396,530 shares valued at approximately $62.56 million after selling 24,446 shares in Q1.
• Several institutional investors, including Nuveen LLC which purchased a stake worth about $116.22 million, have recently bought or increased their stakes in CommVault Systems, indicating strong interest in the company.
• Equities research analysts have set new price targets for CommVault Systems, with increases from firms like Royal Bank Of Canada and DA Davidson, indicating overall positive sentiment towards the stock.

Alliancebernstein L.P. decreased its position in CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) by 5.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 396,530 shares of the software maker's stock after selling 24,446 shares during the period. Alliancebernstein L.P. owned about 0.90% of CommVault Systems worth $62,557,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Invesco Ltd. boosted its holdings in shares of CommVault Systems by 7.1% in the first quarter. Invesco Ltd. now owns 1,777,307 shares of the software maker's stock valued at $280,388,000 after acquiring an additional 117,199 shares in the last quarter. Nuveen LLC purchased a new stake in CommVault Systems in the 1st quarter valued at approximately $116,223,000. Congress Asset Management Co. boosted its stake in shares of CommVault Systems by 7.7% in the first quarter. Congress Asset Management Co. now owns 560,442 shares of the software maker's stock valued at $88,415,000 after buying an additional 40,064 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of CommVault Systems by 11.1% in the first quarter. AQR Capital Management LLC now owns 555,555 shares of the software maker's stock valued at $86,850,000 after buying an additional 55,450 shares in the last quarter. Finally, Driehaus Capital Management LLC boosted its stake in shares of CommVault Systems by 3.4% in the first quarter. Driehaus Capital Management LLC now owns 529,883 shares of the software maker's stock valued at $83,594,000 after buying an additional 17,632 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company's stock.

CommVault Systems Price Performance

NASDAQ:CVLT traded down $5.11 during trading hours on Friday, reaching $175.83. 189,513 shares of the company were exchanged, compared to its average volume of 509,499. The firm has a market cap of $7.82 billion, a price-to-earnings ratio of 97.69 and a beta of 0.74. The stock has a 50 day simple moving average of $178.41 and a 200 day simple moving average of $171.57. CommVault Systems, Inc. has a 52-week low of $128.07 and a 52-week high of $200.68.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The software maker reported $1.01 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.04. The company had revenue of $281.98 million for the quarter, compared to the consensus estimate of $267.83 million. CommVault Systems had a return on equity of 30.83% and a net margin of 7.70%.CommVault Systems'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. On average, analysts predict that CommVault Systems, Inc. will post 1.65 EPS for the current fiscal year.

Insider Buying and Selling at CommVault Systems

In related news, insider Gary Merrill sold 2,628 shares of CommVault Systems stock in a transaction on Monday, August 18th. The shares were sold at an average price of $178.03, for a total transaction of $467,862.84. Following the transaction, the insider owned 87,081 shares in the company, valued at approximately $15,503,030.43. The trade was a 2.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Jennifer Leigh Dirico sold 14,909 shares of the firm'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 completion of the transaction, the chief financial officer directly owned 45,143 shares in the company, valued at $8,225,957.46. This trade represents a 24.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,698 shares of company stock worth $7,305,573. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CVLT. Royal Bank Of Canada boosted their target price on shares of CommVault Systems from $185.00 to $217.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 30th. Wall Street Zen lowered CommVault Systems from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Wells Fargo & Company boosted their price target on CommVault Systems from $190.00 to $220.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Piper Sandler boosted their price target on CommVault Systems from $168.00 to $170.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Finally, Guggenheim set a $220.00 price objective on shares of CommVault Systems in a research report on Tuesday, July 29th. 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 currently has a consensus rating of "Moderate Buy" and an average price target of $205.63.

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.