AQR Capital Management LLC Has $86.85 Million Stock Holdings in CommVault Systems, Inc. $CVLT

Key Points

• AQR Capital Management LLC increased its holdings in CommVault Systems by 11.1%, owning 555,555 shares valued at approximately $86.85 million.
• CommVault reported a quarterly revenue of $281.98 million, exceeding analyst expectations and showing a 26% year-over-year increase.
• Equities research analysts have raised their price targets for CommVault, with estimates now ranging up to $225.00, reflecting strong investor sentiment.

AQR Capital Management LLC increased its position in CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) by 11.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 555,555 shares of the software maker's stock after purchasing an additional 55,450 shares during the quarter. AQR Capital Management LLC owned approximately 1.26% of CommVault Systems worth $86,850,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CVLT. Stifel Financial Corp increased its position in CommVault Systems by 9.0% in the fourth quarter. Stifel Financial Corp now owns 7,363 shares of the software maker's stock worth $1,111,000 after purchasing an additional 610 shares during the period. AXA S.A. acquired a new stake in CommVault Systems in the fourth quarter worth about $2,697,000. Benjamin Edwards Inc. increased its position in CommVault Systems by 3.3% in the fourth quarter. Benjamin Edwards Inc. now owns 1,803 shares of the software maker's stock worth $272,000 after purchasing an additional 58 shares during the period. Cetera Investment Advisers increased 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 worth $259,000 after purchasing an additional 179 shares during the period. Finally, Driehaus Capital Management LLC increased its position in CommVault Systems by 20.8% in the fourth quarter. Driehaus Capital Management LLC now owns 512,251 shares of the software maker's stock worth $77,304,000 after purchasing an additional 88,232 shares during the period. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at CommVault Systems

In related 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 value of $122,744.10. Following the sale, the director owned 5,166 shares of the company's stock, valued at approximately $918,979.74. This trade represents a 11.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gary Merrill sold 2,628 shares of CommVault Systems stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $178.03, for a total value of $467,862.84. Following the completion of the sale, the insider directly owned 87,081 shares in the company, valued at approximately $15,503,030.43. This represents a 2.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,789 shares of company stock worth $4,588,855 in the last 90 days. 1.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Piper Sandler raised their target price on CommVault Systems from $168.00 to $170.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. DA Davidson raised their target price on CommVault Systems from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. KeyCorp raised their target price on CommVault Systems from $195.00 to $225.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Royal Bank Of Canada raised their target price on CommVault Systems from $185.00 to $217.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 30th. Finally, Wall Street Zen cut CommVault Systems from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, CommVault Systems has an average rating of "Moderate Buy" and a consensus target price of $205.63.

CommVault Systems Trading Down 2.9%

Shares of NASDAQ:CVLT traded down $5.46 during trading on Wednesday, hitting $179.76. 122,650 shares of the company's stock traded hands, compared to its average volume of 506,536. CommVault Systems, Inc. has a 52 week low of $128.07 and a 52 week high of $200.68. The company has a market cap of $7.99 billion, a price-to-earnings ratio of 99.79 and a beta of 0.74. The company has a 50-day moving average price of $178.16 and a 200-day moving average price of $171.46.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last released its quarterly earnings data 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. CommVault Systems had a return on equity of 30.83% and a net margin of 7.70%.The business had revenue of $281.98 million for the quarter, compared to analysts' expectations of $267.83 million. The business's revenue for the quarter 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. On average, analysts predict that CommVault Systems, Inc. will post 1.65 earnings per share for the current fiscal 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.