Credit Agricole S A Raises Position in CommVault Systems, Inc. $CVLT

Key Points

• Credit Agricole S A increased its stake in CommVault Systems by 40.5%, now owning 15,957 shares valued at approximately $2.5 million, reflecting strong institutional interest in the stock.
• CommVault's shares have recently shown positive momentum, with a 2.6% increase and a current trading price of around $181.04, while achieving a year-to-date high of $200.68.
• Insider trading activity included the CEO and CFO selling over 25,000 shares combined, which might indicate confidence in the company's stock performance despite the ownership reduction.

Credit Agricole S A raised its position in shares of CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) by 40.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,957 shares of the software maker's stock after buying an additional 4,601 shares during the period. Credit Agricole S A's holdings in CommVault Systems were worth $2,517,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CVLT. Nuveen LLC purchased a new stake in CommVault Systems during the 1st quarter valued at $116,223,000. Wedge Capital Management L L P NC lifted its position in shares of CommVault Systems by 1,936.0% in 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 period. Polar Capital Holdings Plc lifted its position in shares of CommVault Systems by 182.5% in the 4th quarter. Polar Capital Holdings Plc now owns 362,958 shares of the software maker's stock worth $54,774,000 after purchasing an additional 234,477 shares during the period. GAMMA Investing LLC lifted its position in shares of CommVault Systems by 20,945.1% in the 1st quarter. GAMMA Investing LLC now owns 211,714 shares of the software maker's stock worth $33,400,000 after purchasing an additional 210,708 shares during the period. Finally, Wellington Management Group LLP purchased a new stake in shares of CommVault Systems in the 1st quarter worth about $22,540,000. Hedge funds and other institutional investors own 93.50% of the company's stock.

CommVault Systems Price Performance

NASDAQ CVLT traded down $2.12 during trading hours on Friday, reaching $185.62. 65,431 shares of the company's stock traded hands, compared to its average volume of 486,310. CommVault Systems, Inc. has a 52-week low of $128.07 and a 52-week high of $200.68. The firm has a market cap of $8.25 billion, a PE ratio of 103.10 and a beta of 0.70. The firm has a 50-day simple moving average of $176.68 and a 200 day simple moving average of $171.54.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last issued 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 net margin of 7.70% and a return on equity of 30.83%. The company had revenue of $281.98 million during the quarter, compared to analysts' expectations of $267.83 million. CommVault Systems's revenue for the quarter 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 forecast that CommVault Systems, Inc. will post 1.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CVLT. Wall Street Zen cut shares of CommVault Systems from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. KeyCorp raised their target price on shares of CommVault Systems from $195.00 to $225.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. 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 research report on Wednesday, July 30th. Guggenheim set a $220.00 target price on shares of CommVault Systems in a research report on Tuesday, July 29th. Finally, Wells Fargo & Company raised 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. 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, CommVault Systems has an average rating of "Moderate Buy" and a consensus price target of $205.63.

Insider Activity at CommVault Systems

In related news, CEO Sanjay Mirchandani sold 11,320 shares of CommVault Systems stock in a transaction dated 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 transaction, the chief executive officer directly owned 458,361 shares of the company's stock, valued at $81,510,336.63. This trade represents a 2.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Gary Merrill sold 2,628 shares of CommVault Systems stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $178.03, for a total transaction of $467,862.84. Following the completion of the transaction, the insider directly owned 87,081 shares of the company's stock, valued at $15,503,030.43. This trade represents a 2.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,099 shares of company stock valued at $4,466,111 in the last three months. Company insiders own 1.00% of the company's stock.

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.