Axiom Investors LLC DE Invests $8.17 Million in CommVault Systems, Inc. $CVLT

Key Points

• Axiom Investors LLC recently acquired a new stake in CommVault Systems, purchasing 51,775 shares valued at approximately $8.17 million, representing about 0.12% of the company.
• CommVault Systems reported a quarterly earnings per share of $1.01, surpassing analysts' expectations, along with a 26% year-over-year revenue increase, totaling $281.98 million.
• The stock's consensus price target is $205.63, with six analysts rating it as a "Buy" and three as a "Hold."

Axiom Investors LLC DE purchased a new position in shares of CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 51,775 shares of the software maker's stock, valued at approximately $8,168,000. Axiom Investors LLC DE owned 0.12% of CommVault Systems at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CVLT. Nuveen LLC purchased a new position in shares of CommVault Systems during the 1st quarter worth $116,223,000. Wedge Capital Management L L P NC grew its holdings in shares of CommVault Systems by 1,936.0% during 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 purchasing an additional 342,656 shares during the period. Champlain Investment Partners LLC purchased a new position in shares of CommVault Systems during the 1st quarter worth $47,361,000. Polar Capital Holdings Plc grew its holdings in shares of CommVault Systems by 182.5% during the 4th quarter. Polar Capital Holdings Plc now owns 362,958 shares of the software maker's stock worth $54,774,000 after purchasing an additional 234,477 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of CommVault Systems by 20,945.1% during the 1st quarter. GAMMA Investing LLC now owns 211,714 shares of the software maker's stock worth $33,400,000 after purchasing an additional 210,708 shares during the period. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

CommVault Systems Stock Performance

CVLT stock traded down $4.98 during mid-day trading on Friday, reaching $175.96. The company had a trading volume of 477,693 shares, compared to its average volume of 591,552. The company has a market capitalization of $7.82 billion, a price-to-earnings ratio of 97.76 and a beta of 0.74. The firm has a fifty day simple moving average of $178.45 and a 200 day simple moving average of $171.62. CommVault Systems, Inc. has a fifty-two week low of $128.07 and a fifty-two week high of $200.68.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The software maker reported $1.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.04. The firm had revenue of $281.98 million during 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% 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, analysts predict that CommVault Systems, Inc. will post 1.65 earnings per share for the current year.

Insiders Place Their Bets

In other CommVault Systems news, CEO Sanjay Mirchandani sold 11,320 shares of the business's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $177.83, for a total value of $2,013,035.60. Following the completion of the sale, the chief executive officer owned 458,361 shares in the company, valued at approximately $81,510,336.63. The trade was a 2.41% decrease in their ownership of the stock. 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 the business's 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 owned 87,081 shares of the company's stock, 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. Over the last ninety days, insiders sold 40,698 shares of company stock valued at $7,305,573. 1.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CVLT shares. Wall Street Zen upgraded CommVault Systems from a "buy" rating to a "strong-buy" rating in a report on Saturday. Wells Fargo & Company increased their target price on CommVault Systems from $190.00 to $220.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. KeyCorp increased their target price on CommVault Systems from $195.00 to $225.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Royal Bank Of Canada increased their target price 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. Finally, DA Davidson increased their target price on CommVault Systems from $200.00 to $220.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, CommVault Systems currently has an average rating of "Moderate Buy" and a consensus target price 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.