CommVault Systems, Inc. $CVLT Shares Acquired by Comerica Bank

Key Points

• Comerica Bank has increased its stake in CommVault Systems by 111.0%, raising its ownership to 38,682 shares valued at approximately $6.1 million.
• CommVault reported a quarterly earnings per share of $1.01, surpassing analyst expectations, with revenue increasing 26% year-over-year.
• Shares of CommVault Systems currently have a consensus rating of "Moderate Buy" with an average price target of $205.63.

Comerica Bank raised its holdings in shares of CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) by 111.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,682 shares of the software maker's stock after purchasing an additional 20,352 shares during the quarter. Comerica Bank owned approximately 0.09% of CommVault Systems worth $6,103,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP increased its position in shares of CommVault Systems by 888.2% in the fourth quarter. Quarry LP now owns 168 shares of the software maker's stock worth $25,000 after purchasing an additional 151 shares during the last quarter. SBI Securities Co. Ltd. grew its position in CommVault Systems by 101.3% during the first quarter. SBI Securities Co. Ltd. now owns 159 shares of the software maker's stock valued at $25,000 after acquiring an additional 80 shares during the last quarter. Whipplewood Advisors LLC boosted its stake 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 valued at $27,000 after purchasing an additional 146 shares during the period. Cullen Frost Bankers Inc. purchased a new stake in shares of CommVault Systems during the first quarter valued at approximately $27,000. Finally, Brooklyn Investment Group lifted its stake in CommVault Systems by 8,550.0% in the first quarter. Brooklyn Investment Group now owns 173 shares of the software maker's stock worth $27,000 after acquiring an additional 171 shares during the period. 93.50% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other CommVault Systems news, CFO Jennifer Leigh Dirico sold 11,151 shares of the company'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 completion of the sale, the chief financial officer directly owned 60,052 shares in the company, valued at approximately $10,691,057.56. This represents a 15.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sanjay Mirchandani sold 11,320 shares of the company's stock in a transaction 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 of the company's stock, valued at $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 ninety days, insiders sold 25,099 shares of company stock worth $4,466,111. 1.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CVLT has been the subject of a number of research analyst reports. Guggenheim set a $220.00 price target on CommVault Systems in a research note on Tuesday, July 29th. Piper Sandler raised their price target on CommVault Systems from $168.00 to $170.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Wall Street Zen downgraded CommVault Systems from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. KeyCorp raised their target price on CommVault Systems from $195.00 to $225.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Finally, 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 report on Wednesday, July 30th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, CommVault Systems has an average rating of "Moderate Buy" and an average price target of $205.63.

CommVault Systems Trading Down 4.1%

Shares of NASDAQ CVLT traded down $7.73 during trading hours on Tuesday, hitting $178.92. 331,618 shares of the company traded hands, compared to its average volume of 486,880. The company's 50 day moving average price is $177.30 and its 200 day moving average price is $171.48. The stock has a market capitalization of $7.95 billion, a price-to-earnings ratio of 99.11 and a beta of 0.74. CommVault Systems, Inc. has a 12 month low of $128.07 and a 12 month high of $200.68.

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

CommVault Systems Company 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.