Amundi Lowers Stake in CommVault Systems, Inc. $CVLT

Key Points

• Amundi reduced its stake in CommVault Systems, Inc. by 33.5%, selling 16,491 shares and leaving it with 32,739 shares, valued at approximately $5 million.
• CEO Sanjay Mirchandani sold 11,320 shares of the company's stock for over $2 million, decreasing his ownership by 2.41%.
• CommVault Systems reported a 26% increase in revenue year-over-year, with quarterly earnings per share of $1.01, beating analyst estimates.

Amundi cut its holdings in CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) by 33.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,739 shares of the software maker's stock after selling 16,491 shares during the period. Amundi owned about 0.07% of CommVault Systems worth $5,005,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Vident Advisory LLC lifted its holdings in shares of CommVault Systems by 0.3% in the 1st quarter. Vident Advisory LLC now owns 27,107 shares of the software maker's stock valued at $4,276,000 after acquiring an additional 91 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in CommVault Systems by 19.6% during the first quarter. The Manufacturers Life Insurance Company now owns 363,868 shares of the software maker's stock valued at $57,404,000 after purchasing an additional 59,654 shares during the period. Driehaus Capital Management LLC lifted its stake in shares of CommVault Systems by 3.4% in the 1st quarter. Driehaus Capital Management LLC now owns 529,883 shares of the software maker's stock valued at $83,594,000 after purchasing an additional 17,632 shares during the last quarter. Champlain Investment Partners LLC purchased a new position in shares of CommVault Systems in the 1st quarter worth approximately $47,361,000. Finally, B. Metzler seel. Sohn & Co. AG increased its position in shares of CommVault Systems by 56.5% during the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 16,421 shares of the software maker's stock valued at $2,591,000 after purchasing an additional 5,930 shares during the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at CommVault Systems

In related news, Director Allison Pickens sold 690 shares of CommVault Systems stock in a transaction dated 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 $918,979.74. The trade was a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Gary Merrill sold 15,244 shares of the stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $178.01, for a total transaction of $2,713,584.44. Following the transaction, the insider owned 71,837 shares in the company, valued at approximately $12,787,704.37. The trade was a 17.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 55,942 shares of company stock valued at $10,019,157 over the last 90 days. 1.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CVLT. Guggenheim set a $220.00 price target on CommVault Systems in a research report on Tuesday, July 29th. Royal Bank Of Canada raised their target price on shares of CommVault Systems from $185.00 to $217.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 30th. Wells Fargo & Company increased their price objective 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. KeyCorp boosted their target price on CommVault Systems from $195.00 to $225.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. Finally, Wall Street Zen upgraded CommVault Systems from a "buy" rating to a "strong-buy" rating in a report on Saturday. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $205.63.

CommVault Systems Price Performance

CVLT stock traded up $0.13 during mid-day trading on Tuesday, reaching $189.67. The company had a trading volume of 638,437 shares, compared to its average volume of 630,178. The company has a market capitalization of $8.43 billion, a PE ratio of 105.37 and a beta of 0.74. The firm has a 50 day moving average of $179.11 and a 200 day moving average of $171.89. 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 results on Tuesday, July 29th. The software maker reported $1.01 earnings per share (EPS) 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 firm had revenue of $281.98 million during the quarter, compared to analyst estimates of $267.83 million. The company'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. Analysts anticipate that CommVault Systems, Inc. will post 1.65 EPS for the current 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.