Caisse DE Depot ET Placement DU Quebec Purchases 75,843 Shares of CommVault Systems, Inc. $CVLT

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its stake in CommVault Systems by 37.2% this quarter, acquiring an additional 75,843 shares to reach a total of 279,547 shares, valued at approximately $44.1 million.
• Several institutional investors have also recently increased their holdings in CommVault, with institutional ownership now at 93.50% of the company's stock.
• Analysts have set bullish price targets for CommVault, with Guggenheim, Wells Fargo, and DA Davidson all raising their targets to $220 or higher, reflecting strong confidence in the company's growth potential.

Caisse DE Depot ET Placement DU Quebec boosted its position in CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) by 37.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 279,547 shares of the software maker's stock after buying an additional 75,843 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned approximately 0.63% of CommVault Systems worth $44,101,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CVLT. Virtus Advisers LLC bought a new stake in CommVault Systems during the first quarter valued at about $220,000. Comerica Bank lifted its position in shares of CommVault Systems by 111.0% during the 1st quarter. Comerica Bank now owns 38,682 shares of the software maker's stock worth $6,103,000 after purchasing an additional 20,352 shares during the last quarter. Axiom Investors LLC DE bought a new stake in CommVault Systems during the 1st quarter valued at approximately $8,168,000. Northwestern Mutual Wealth Management Co. grew its holdings in CommVault Systems by 126.3% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 516 shares of the software maker's stock valued at $81,000 after buying an additional 288 shares during the last quarter. Finally, CW Advisors LLC grew its holdings in CommVault Systems by 6.1% in the 1st quarter. CW Advisors LLC now owns 94,289 shares of the software maker's stock valued at $14,875,000 after buying an additional 5,386 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CVLT. Guggenheim set a $220.00 price target on CommVault Systems in a report on Tuesday, July 29th. Wells Fargo & Company upped their target price on shares of CommVault Systems from $190.00 to $220.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Piper Sandler increased their price target on shares of CommVault Systems from $168.00 to $170.00 and gave the company a "neutral" rating in a report on Monday, July 14th. 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. Finally, KeyCorp increased their target price on shares of CommVault Systems from $195.00 to $225.00 and gave the company an "overweight" 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.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $205.63.

Insider Buying and Selling

In related news, CFO Jennifer Leigh Dirico sold 11,151 shares of the business's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $178.03, for a total value of $1,985,212.53. Following the sale, the chief financial officer owned 60,052 shares of the company's stock, valued at $10,691,057.56. The trade was a 15.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sanjay Mirchandani sold 11,320 shares of the company's stock in a transaction on Monday, August 18th. The shares were 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 $81,510,336.63. This trade represents a 2.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,099 shares of company stock worth $4,466,111 in the last 90 days. 1.00% of the stock is owned by company insiders.

CommVault Systems Stock Performance

Shares of CommVault Systems stock opened at $177.68 on Wednesday. The firm has a market cap of $7.90 billion, a P/E ratio of 98.71 and a beta of 0.70. The firm's 50-day simple moving average is $176.45 and its 200-day simple moving average is $171.40. CommVault Systems, Inc. has a twelve month low of $128.07 and a twelve month high of $200.68.

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

CommVault Systems Profile

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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