Champlain Investment Partners LLC Invests $47.36 Million in CommVault Systems, Inc. $CVLT

Key Points

• Champlain Investment Partners LLC acquired a new position in CommVault Systems worth approximately $47.36 million, purchasing 300,210 shares during the first quarter of the year.
• Several hedge funds, including Hsbc Holdings PLC and Mariner LLC, have increased their stakes in CommVault Systems, contributing to the overall institutional ownership of 93.50%.
• Analysts have raised their price targets for CommVault Systems, with forecasts reaching up to $225 per share, which has resulted in a majority "Buy" rating among research firms.

Champlain Investment Partners LLC acquired a new position in shares of CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 300,210 shares of the software maker's stock, valued at approximately $47,361,000. Champlain Investment Partners LLC owned 0.68% of CommVault Systems at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Nuveen LLC acquired a new stake in shares of CommVault Systems in the first quarter valued at approximately $116,223,000. Wedge Capital Management L L P NC increased its holdings in 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 last quarter. Polar Capital Holdings Plc lifted its holdings in 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 buying an additional 234,477 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of CommVault Systems by 20,945.1% during the first quarter. GAMMA Investing LLC now owns 211,714 shares of the software maker's stock valued at $33,400,000 after purchasing an additional 210,708 shares during the last quarter. Finally, Wellington Management Group LLP bought a new stake in shares of CommVault Systems during the first quarter valued at approximately $22,540,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

CommVault Systems Stock Down 0.6%

Shares of CVLT stock traded down $1.09 during trading hours on Monday, reaching $186.65. The company's stock had a trading volume of 317,849 shares, compared to its average volume of 413,953. CommVault Systems, Inc. has a fifty-two week low of $128.07 and a fifty-two week high of $200.68. The company has a market capitalization of $8.30 billion, a price-to-earnings ratio of 103.69 and a beta of 0.74. The firm's 50 day simple moving average is $177.01 and its 200-day simple moving average is $171.47.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last posted its earnings results on Tuesday, July 29th. The software maker reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.04. The firm 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 company's 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. Sell-side analysts predict that CommVault Systems, Inc. will post 1.65 earnings per share for the current year.

Insider Activity at CommVault Systems

In related news, CEO Sanjay Mirchandani sold 11,320 shares of the business'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 transaction, the chief executive officer owned 458,361 shares in the company, valued at $81,510,336.63. The trade was a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jennifer Leigh Dirico sold 11,151 shares of the firm's stock in a transaction on Monday, August 18th. The stock was 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. The trade was a 15.66% 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 over the last three months. Company insiders own 1.00% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on CVLT. KeyCorp boosted their target price on shares of CommVault Systems from $195.00 to $225.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Guggenheim set a $220.00 price target on CommVault Systems in a research note on Tuesday, July 29th. Piper Sandler boosted their price target on shares of CommVault Systems from $168.00 to $170.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Wells Fargo & Company raised their price objective on shares of CommVault Systems from $190.00 to $220.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. Finally, 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 note on Wednesday, July 30th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $205.63.

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.