CommVault Systems, Inc. $CVLT Stock Position Decreased by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH has decreased its stake in CommVault Systems by 14.7%, now owning 382,692 shares valued at $66.7 million.
• CommVault Systems reported earnings of $1.01 per share for the last quarter, exceeding analysts' expectations and reflecting a 26% year-over-year revenue growth.
• Several analysts have raised their price targets for CommVault Systems, with DA Davidson and Wells Fargo increasing their targets to $220.00, indicating strong market confidence.

Allianz Asset Management GmbH cut its position in shares of CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) by 14.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 382,692 shares of the software maker's stock after selling 66,168 shares during the period. Allianz Asset Management GmbH owned 0.86% of CommVault Systems worth $66,715,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. SBI Securities Co. Ltd. raised its stake in shares of CommVault Systems by 101.3% in the 1st 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 in the last quarter. Cullen Frost Bankers Inc. bought a new position in shares of CommVault Systems in the 1st quarter valued at approximately $27,000. Brooklyn Investment Group raised its stake in shares of CommVault Systems by 8,550.0% in the 1st quarter. Brooklyn Investment Group now owns 173 shares of the software maker's stock valued at $27,000 after acquiring an additional 171 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of CommVault Systems by 34.0% in the 1st quarter. Fifth Third Bancorp now owns 465 shares of the software maker's stock valued at $73,000 after acquiring an additional 118 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of CommVault Systems by 126.3% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 516 shares of the software maker's stock valued at $81,000 after acquiring an additional 288 shares in the last quarter. 93.50% of the stock is owned by institutional investors.

CommVault Systems Stock Performance

Shares of CVLT opened at $170.72 on Friday. The stock has a fifty day moving average price of $182.45 and a two-hundred day moving average price of $175.16. CommVault Systems, Inc. has a 52-week low of $128.07 and a 52-week high of $200.68. The company has a market cap of $7.59 billion, a price-to-earnings ratio of 94.84 and a beta of 0.72.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last released its earnings results on Tuesday, July 29th. The software maker reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.04. The company had revenue of $281.98 million during 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 business'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. As a group, research analysts predict that CommVault Systems, Inc. will post 1.65 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the company. DA Davidson lifted their price target on CommVault Systems from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Zacks Research raised CommVault Systems from a "hold" rating to a "strong-buy" rating in a report on Monday. Wells Fargo & Company lifted their price objective on CommVault Systems from $190.00 to $220.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Weiss Ratings reissued a "hold (c)" rating on shares of CommVault Systems in a report on Wednesday, October 8th. Finally, Truist Financial assumed coverage on CommVault Systems in a report on Wednesday, October 8th. They set a "buy" rating and a $230.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $211.67.

Insider Buying and Selling

In related news, Director Allison Pickens sold 690 shares of the company's 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 owned 5,166 shares in the company, valued at approximately $918,979.74. This represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Jennifer Leigh Dirico sold 14,909 shares of the business's stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $182.22, for a total value of $2,716,717.98. Following the completion of the transaction, the chief financial officer directly owned 45,143 shares of the company's stock, valued at approximately $8,225,957.46. The trade was a 24.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 55,942 shares of company stock worth $10,019,157. 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.

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