Caxton Associates LLP Invests $1.29 Million in CommVault Systems, Inc. $CVLT

Key Points

• Caxton Associates LLP acquired a new stake in CommVault Systems, purchasing 8,151 shares valued at approximately $1.286 million. This move reflects growing interest from institutional investors, who now own 93.50% of the stock.
• CommVault reported quarterly earnings with an earnings per share (EPS) of $1.01, surpassing expectations and indicating a 26% increase in revenue year-over-year.
• Brokerages have raised their price targets for CommVault, with KeyCorp setting a new target price of $225.00, reflecting strong analyst confidence in the company's ongoing growth.

Caxton Associates LLP acquired a new stake in CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 8,151 shares of the software maker's stock, valued at approximately $1,286,000.

A number of other institutional investors have also recently bought and sold shares of the business. Frank Rimerman Advisors LLC grew its stake in CommVault Systems by 3.8% in the 1st quarter. Frank Rimerman Advisors LLC now owns 1,709 shares of the software maker's stock valued at $270,000 after purchasing an additional 63 shares during the period. NorthCrest Asset Manangement LLC grew its stake in shares of CommVault Systems by 1.3% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 5,753 shares of the software maker's stock worth $908,000 after acquiring an additional 72 shares during the period. SBI Securities Co. Ltd. grew its stake in shares of 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 acquiring an additional 80 shares during the period. Johnson Investment Counsel Inc. grew its stake in shares of CommVault Systems by 6.7% during the 1st quarter. Johnson Investment Counsel Inc. now owns 1,451 shares of the software maker's stock worth $229,000 after acquiring an additional 91 shares during the period. Finally, Vident Advisory LLC grew its stake in shares of CommVault Systems by 0.3% during the 1st quarter. Vident Advisory LLC now owns 27,107 shares of the software maker's stock worth $4,276,000 after acquiring an additional 91 shares during the period. Institutional investors own 93.50% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on CVLT. Wells Fargo & Company increased their price target on CommVault Systems from $190.00 to $220.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Piper Sandler raised their target price on CommVault Systems from $168.00 to $170.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Guggenheim set a $220.00 target price on CommVault Systems in a research note on Tuesday, July 29th. DA Davidson raised 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. Finally, 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 research note on Wednesday, July 30th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, CommVault Systems currently has a consensus rating of "Moderate Buy" and an average price target of $205.63.

Insider Transactions at CommVault Systems

In related news, Director Allison Pickens sold 690 shares of the firm's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $177.89, for a total transaction of $122,744.10. Following the transaction, the director directly 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 SEC, which is accessible through this link. Also, CEO Sanjay Mirchandani sold 11,320 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer directly owned 458,361 shares in the company, valued at approximately $81,510,336.63. This represents a 2.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,698 shares of company stock valued at $7,305,573. 1.00% of the stock is currently owned by corporate insiders.

CommVault Systems Stock Down 2.8%

Shares of NASDAQ CVLT traded down $4.98 during trading hours on Friday, reaching $175.96. 477,693 shares of the stock traded hands, compared to its average volume of 591,552. The company has a market capitalization of $7.82 billion, a P/E ratio of 97.76 and a beta of 0.74. CommVault Systems, Inc. has a 52-week low of $128.07 and a 52-week high of $200.68. The company's 50-day simple moving average is $178.45 and its two-hundred day simple moving average is $171.62.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The software maker reported $1.01 earnings per share 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 return on equity of 30.83% and a net margin of 7.70%.CommVault Systems's quarterly revenue was up 26% on a year-over-year basis. CommVault Systems has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. As a group, sell-side 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.