American Century Companies Inc. Purchases 39,517 Shares of CommVault Systems, Inc. $CVLT

Key Points

• American Century Companies Inc. boosted its stake in CommVault Systems by 198.8%, acquiring an additional 39,517 shares to bring its total to 59,390 shares valued at approximately $9.37 million.
• Insider trading revealed that CFO Jennifer Leigh Dirico sold 11,151 shares for a total of about $1.99 million, while insider Gary Merrill sold 2,628 shares valued at $467,862.84.
• Several research firms have raised their price targets for CommVault Systems, with estimations now reaching as high as $220.00, indicating strong positive sentiment among analysts.

American Century Companies Inc. increased its stake in CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) by 198.8% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 59,390 shares of the software maker's stock after buying an additional 39,517 shares during the period. American Century Companies Inc. owned 0.13% of CommVault Systems worth $9,369,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC purchased a new stake in shares of CommVault Systems in the 1st quarter worth approximately $243,000. Asset Management One Co. Ltd. purchased a new stake in shares of CommVault Systems in the 1st quarter worth approximately $1,229,000. Principal Financial Group Inc. grew its stake in shares of CommVault Systems by 1.4% in the 1st quarter. Principal Financial Group Inc. now owns 122,042 shares of the software maker's stock worth $19,253,000 after buying an additional 1,668 shares during the last quarter. Yorktown Management & Research Co Inc purchased a new stake in shares of CommVault Systems in the 1st quarter worth approximately $260,000. Finally, Wedge Capital Management L L P NC grew its stake in shares of CommVault Systems by 1,936.0% in the 1st quarter. Wedge Capital Management L L P NC now owns 360,355 shares of the software maker's stock worth $56,850,000 after buying an additional 342,656 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company's stock.

Insider Activity

In other news, insider Gary Merrill sold 2,628 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $178.03, for a total transaction of $467,862.84. Following the transaction, the insider directly owned 87,081 shares of the company's stock, valued at $15,503,030.43. This represents a 2.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Jennifer Leigh Dirico sold 11,151 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $178.03, for a total value of $1,985,212.53. Following the transaction, the chief financial officer directly owned 60,052 shares in the company, valued at $10,691,057.56. The trade was a 15.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,099 shares of company stock valued at $4,466,111 in the last ninety days. 1.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CVLT. Guggenheim set a $220.00 price target on CommVault Systems in a research note on Tuesday, July 29th. Royal Bank Of Canada upped 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. DA Davidson upped 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 cut CommVault Systems from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, Wells Fargo & Company upped their price objective on CommVault Systems from $190.00 to $220.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $205.63.

CommVault Systems Price Performance

NASDAQ CVLT opened at $177.68 on Wednesday. The business's fifty day moving average price is $176.45 and its 200-day moving average price is $171.40. The stock has a market capitalization of $7.90 billion, a price-to-earnings ratio of 98.71 and a beta of 0.70. 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 released its quarterly earnings results on Tuesday, July 29th. The software maker reported $1.01 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 30.83% and a net margin of 7.70%.The firm's 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. Equities research analysts anticipate 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.

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