BI Asset Management Fondsmaeglerselskab A S Makes New $2.96 Million Investment in CommVault Systems, Inc. $CVLT

Key Points

• BI Asset Management Fondsmaeglerselskab A S made a new investment in Commvault Systems, acquiring approximately $2.96 million worth of shares in the first quarter.
• Numerous institutional investors, including Quarry LP and Brooklyn Investment Group, have significantly increased their positions in Commvault Systems, reflecting a growing confidence in the company.
• Commvault Systems recently reported strong earnings for the quarter, with a 26% year-over-year revenue growth and an EPS of $1.01, beating analysts' estimates.

BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 18,757 shares of the software maker's stock, valued at approximately $2,959,000.

Other institutional investors have also recently made changes to their positions in the company. Quarry LP increased its position in shares of CommVault Systems by 888.2% during the fourth quarter. Quarry LP now owns 168 shares of the software maker's stock worth $25,000 after purchasing an additional 151 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake in CommVault Systems by 101.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 159 shares of the software maker's stock worth $25,000 after purchasing an additional 80 shares during the last quarter. Whipplewood Advisors LLC grew its holdings in shares of CommVault Systems by 584.0% during the first quarter. Whipplewood Advisors LLC now owns 171 shares of the software maker's stock worth $27,000 after buying an additional 146 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new stake in shares of CommVault Systems during the first quarter worth $27,000. Finally, Brooklyn Investment Group raised its position in shares of CommVault Systems by 8,550.0% in the first 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 last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at CommVault Systems

In related news, insider Gary Merrill sold 2,628 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider owned 87,081 shares of the company's stock, valued at approximately $15,503,030.43. This trade represents a 2.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Jennifer Leigh Dirico sold 11,151 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 transaction of $1,985,212.53. Following the completion of the sale, the chief financial officer owned 60,052 shares of the company's stock, valued at $10,691,057.56. This trade represents a 15.66% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,099 shares of company stock worth $4,466,111. 1.00% of the stock is currently owned by insiders.

CommVault Systems Stock Up 0.2%

NASDAQ:CVLT opened at $176.37 on Thursday. CommVault Systems, Inc. has a 52 week low of $128.07 and a 52 week high of $200.68. The stock's fifty day moving average is $177.12 and its two-hundred day moving average is $171.13. The company has a market capitalization of $7.84 billion, a P/E ratio of 97.98 and a beta of 0.70.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last posted its earnings results on Tuesday, July 29th. The software maker reported $1.01 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.04. The company had revenue of $281.98 million for the quarter, compared to analysts' expectations of $267.83 million. CommVault Systems had a net margin of 7.70% and a return on equity of 30.83%. The business'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. Sell-side analysts anticipate that CommVault Systems, Inc. will post 1.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

CVLT has been the topic of a number of recent research reports. DA Davidson boosted their price target on shares of CommVault Systems from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Piper Sandler boosted 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. Royal Bank Of Canada upped their price target on CommVault Systems from $185.00 to $217.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 30th. Guggenheim set a $220.00 price objective on CommVault Systems in a research report on Tuesday, July 29th. Finally, Wall Street Zen lowered CommVault Systems from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, CommVault Systems currently has a consensus rating of "Moderate Buy" and an average 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.

Want to see what other hedge funds are holding CVLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CommVault Systems, Inc. (NASDAQ:CVLT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.