Acadian Asset Management LLC Buys 43,075 Shares of 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 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,505,357 shares of the software maker's stock after purchasing an additional 43,075 shares during the period. Acadian Asset Management LLC owned about 3.41% of CommVault Systems worth $237,454,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in CVLT. Nuveen LLC purchased a new position in shares of CommVault Systems during the 1st quarter valued at about $116,223,000. Wedge Capital Management L L P NC lifted its position in shares of 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 valued at $56,850,000 after buying an additional 342,656 shares in the last quarter. Champlain Investment Partners LLC purchased a new position in shares of CommVault Systems during the 1st quarter valued at about $47,361,000. Polar Capital Holdings Plc lifted its position in shares of CommVault Systems by 182.5% during the 4th quarter. Polar Capital Holdings Plc now owns 362,958 shares of the software maker's stock valued at $54,774,000 after buying an additional 234,477 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of 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 buying an additional 210,708 shares in the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CVLT has been the topic of a number of analyst reports. Royal Bank Of Canada lifted their price objective on CommVault Systems from $185.00 to $217.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 30th. KeyCorp lifted their target price on CommVault Systems from $195.00 to $225.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Guggenheim set a $220.00 target price on CommVault Systems in a research note on Tuesday, July 29th. Piper Sandler lifted their target price on CommVault Systems from $168.00 to $170.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Finally, DA Davidson lifted their target price on CommVault Systems from $200.00 to $220.00 and gave the company a "buy" 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. According to MarketBeat.com, CommVault Systems presently has an average rating of "Moderate Buy" and a consensus target price of $205.63.

CommVault Systems Stock Performance

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

CommVault Systems (NASDAQ:CVLT - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The software maker reported $1.01 earnings per share (EPS) for the quarter, topping 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 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. Equities research analysts predict that CommVault Systems, Inc. will post 1.65 EPS for the current year.

Insider Transactions at CommVault Systems

In other CommVault Systems news, CFO Jennifer Leigh Dirico sold 14,909 shares of CommVault Systems stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $182.22, for a total value of $2,716,717.98. Following the sale, the chief financial officer 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Allison Pickens sold 690 shares of CommVault Systems stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $177.89, for a total value of $122,744.10. Following the completion of the sale, the director directly owned 5,166 shares in the company, valued at approximately $918,979.74. The trade was a 11.78% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,698 shares of company stock worth $7,305,573. 1.00% of the stock is owned by insiders.

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.