Acadian Asset Management LLC Has $237.45 Million Stake in CommVault Systems, Inc. $CVLT

Key Points

• Acadian Asset Management LLC increased its position in CommVault Systems by 2.9%, owning over 1.5 million shares valued at approximately $237 million at the end of the 1st quarter.
• Multiple research analysts have increased their price targets for CommVault Systems, with Wells Fargo raising it from $190 to $220 and DA Davidson also setting a target of $220.
• CommVault's recent quarterly earnings surpassed expectations, reporting an EPS of $1.01 against analyst estimates of $0.97 and demonstrating a 26% year-over-year revenue growth.

Acadian Asset Management LLC boosted its position in CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) by 2.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,505,357 shares of the software maker's stock after buying an additional 43,075 shares during the quarter. Acadian Asset Management LLC owned 3.41% of CommVault Systems worth $237,454,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CVLT. Nuveen LLC purchased a new position in CommVault Systems in the first quarter valued at about $116,223,000. Wedge Capital Management L L P NC grew its position in shares of CommVault Systems by 1,936.0% during the first quarter. Wedge Capital Management L L P NC now owns 360,355 shares of the software maker's stock worth $56,850,000 after buying an additional 342,656 shares in the last quarter. Champlain Investment Partners LLC bought a new stake in shares of CommVault Systems in the first quarter worth $47,361,000. Polar Capital Holdings Plc raised its holdings in CommVault Systems by 182.5% in the fourth quarter. Polar Capital Holdings Plc now owns 362,958 shares of the software maker's stock valued at $54,774,000 after acquiring an additional 234,477 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in CommVault Systems by 20,945.1% during the 1st quarter. GAMMA Investing LLC now owns 211,714 shares of the software maker's stock valued at $33,400,000 after acquiring an additional 210,708 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

CommVault Systems Trading Up 6.8%

CVLT stock traded up $12.00 during mid-day trading on Monday, hitting $187.96. The stock had a trading volume of 359,701 shares, compared to its average volume of 510,219. The stock has a market capitalization of $8.36 billion, a price-to-earnings ratio of 104.34 and a beta of 0.74. The company has a fifty day moving average of $178.45 and a 200 day moving average of $171.64. CommVault Systems, Inc. has a 1-year low of $128.07 and a 1-year high of $200.68.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last issued 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. CommVault Systems had a return on equity of 30.83% and a net margin of 7.70%.The business had revenue of $281.98 million for the quarter, compared to the consensus estimate of $267.83 million. The firm'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. As a group, sell-side analysts expect that CommVault Systems, Inc. will post 1.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company boosted their target price on shares of CommVault Systems from $190.00 to $220.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Piper Sandler raised their price objective 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 price target on shares of CommVault Systems in a report on Tuesday, July 29th. Royal Bank Of Canada increased their price target on CommVault Systems from $185.00 to $217.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 30th. Finally, KeyCorp boosted their price objective on CommVault Systems from $195.00 to $225.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, CommVault Systems currently has an average rating of "Moderate Buy" and an average target price of $205.63.

Insider Activity

In other CommVault Systems news, 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 transaction of $2,013,035.60. Following the completion of the sale, the chief executive officer owned 458,361 shares in the company, valued at approximately $81,510,336.63. The trade was a 2.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Jennifer Leigh Dirico sold 14,909 shares of the company's stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $182.22, for a total transaction of $2,716,717.98. Following the completion of the sale, the chief financial officer directly owned 45,143 shares of the company's stock, valued at $8,225,957.46. The trade was a 24.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,698 shares of company stock worth $7,305,573 over the last 90 days. 1.00% of the stock is currently owned by company insiders.

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.