AMI Asset Management Corp Invests $251,000 in CommVault Systems, Inc. $CVLT

Key Points

• AMI Asset Management Corp has invested approximately $251,000 in CommVault Systems by acquiring 1,442 shares in the second quarter.
• CommVault reported a 26% increase in year-over-year revenue, with earnings per share of $1.01, surpassing analysts' expectations of $0.97.
• Several analysts have raised their price targets for CommVault, with KeyCorp setting a new target of $225.00 and DA Davidson increasing it to $220.00, indicating positive sentiment on the stock's future performance.

AMI Asset Management Corp purchased a new position in shares of CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,442 shares of the software maker's stock, valued at approximately $251,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. lifted its stake in shares of CommVault Systems by 101.3% in the 1st quarter. SBI Securities Co. Ltd. now owns 159 shares of the software maker's stock worth $25,000 after acquiring an additional 80 shares during the period. Whipplewood Advisors LLC increased its position in CommVault Systems by 584.0% during the 1st quarter. Whipplewood Advisors LLC now owns 171 shares of the software maker's stock worth $27,000 after purchasing an additional 146 shares during the period. Cullen Frost Bankers Inc. purchased a new position in shares of CommVault Systems during the 1st quarter worth approximately $27,000. Brooklyn Investment Group lifted its holdings in shares of CommVault Systems by 8,550.0% in the 1st quarter. Brooklyn Investment Group now owns 173 shares of the software maker's stock valued at $27,000 after buying an additional 171 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of CommVault Systems by 208.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 185 shares of the software maker's stock valued at $29,000 after buying an additional 125 shares in the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

CommVault Systems Price Performance

Shares of NASDAQ CVLT opened at $185.88 on Thursday. The firm's 50-day moving average is $183.72 and its two-hundred day moving average is $174.31. The company has a market capitalization of $8.26 billion, a PE ratio of 103.27 and a beta of 0.72. CommVault Systems, Inc. has a 12-month low of $128.07 and a 12-month high of $200.68.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last issued its quarterly earnings data 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 net margin of 7.70% and a return on equity of 30.83%. The business had revenue of $281.98 million during the quarter, compared to analysts' expectations 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. On average, analysts forecast that CommVault Systems, Inc. will post 1.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CVLT has been the subject of several research analyst reports. KeyCorp increased their price objective on CommVault Systems from $195.00 to $225.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Royal Bank Of Canada increased their price target on shares of CommVault Systems from $185.00 to $217.00 and gave the company a "sector perform" rating in a report on Wednesday, July 30th. DA Davidson boosted their price objective on shares of CommVault Systems from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Guggenheim set a $220.00 target price on shares of CommVault Systems in a research report on Tuesday, July 29th. Finally, Wall Street Zen downgraded shares of CommVault Systems from a "strong-buy" rating to a "buy" rating in a research report on Sunday, September 21st. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, CommVault Systems currently has an average rating of "Moderate Buy" and an average price target of $205.63.

Insider Buying and Selling

In related news, insider Gary Merrill sold 15,244 shares of the business's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $178.01, for a total value of $2,713,584.44. Following the completion of the transaction, the insider owned 71,837 shares of the company's stock, valued at approximately $12,787,704.37. The trade was a 17.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Allison Pickens sold 690 shares of the company's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $177.89, for a total transaction of $122,744.10. Following the completion of the transaction, the director owned 5,166 shares in the company, valued at approximately $918,979.74. This trade represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,942 shares of company stock valued at $10,019,157. 1.00% of the stock is owned by insiders.

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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