Driehaus Capital Management LLC boosted its holdings in shares of CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) by 3.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 529,883 shares of the software maker's stock after purchasing an additional 17,632 shares during the quarter. CommVault Systems makes up approximately 0.8% of Driehaus Capital Management LLC's holdings, making the stock its 23rd largest holding. Driehaus Capital Management LLC owned about 1.20% of CommVault Systems worth $83,594,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in CVLT. Champlain Investment Partners LLC acquired a new stake in shares of CommVault Systems in the first quarter valued at $47,361,000. B. Metzler seel. Sohn & Co. AG grew its holdings 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 worth $2,591,000 after purchasing an additional 5,930 shares in the last quarter. Ieq Capital LLC boosted its stake in CommVault Systems by 29.0% in the 1st quarter. Ieq Capital LLC now owns 3,266 shares of the software maker's stock valued at $515,000 after buying an additional 734 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in CommVault Systems by 37.2% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 279,547 shares of the software maker's stock worth $44,101,000 after purchasing an additional 75,843 shares in the last quarter. Finally, Virtus Advisers LLC acquired a new position in shares of CommVault Systems during the first quarter valued at $220,000. 93.50% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other CommVault Systems news, CEO Sanjay Mirchandani sold 11,320 shares of CommVault Systems stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $177.83, for a total transaction of $2,013,035.60. Following the transaction, the chief executive officer directly owned 458,361 shares of the company's stock, valued at approximately $81,510,336.63. The trade was a 2.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 value of $467,862.84. Following the transaction, the insider directly owned 87,081 shares in the company, valued at $15,503,030.43. The trade was a 2.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,099 shares of company stock valued at $4,466,111. 1.00% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on the company. Wells Fargo & Company increased their price target on CommVault Systems from $190.00 to $220.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Royal Bank Of Canada upped their price objective 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. DA Davidson increased their price target on CommVault Systems from $200.00 to $220.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Piper Sandler increased their price target on CommVault Systems from $168.00 to $170.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Finally, Guggenheim set a $220.00 price target on CommVault Systems in a research report on Tuesday, July 29th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $205.63.
Check Out Our Latest Stock Analysis on CommVault Systems
CommVault Systems Price Performance
CommVault Systems stock traded down $7.87 during mid-day trading on Tuesday, reaching $178.78. 769,933 shares of the company were exchanged, compared to its average volume of 487,820. The company has a fifty day simple moving average of $177.30 and a 200-day simple moving average of $171.48. CommVault Systems, Inc. has a 12 month low of $128.07 and a 12 month high of $200.68. The firm has a market cap of $7.95 billion, a PE ratio of 99.32 and a beta of 0.74.
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 the consensus estimate of $0.97 by $0.04. The company had revenue of $281.98 million for the quarter, compared to analyst estimates of $267.83 million. CommVault Systems had a return on equity of 30.83% and a net margin of 7.70%.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. Sell-side analysts anticipate that CommVault Systems, Inc. will post 1.65 earnings per share for the current year.
About CommVault Systems
(
Free Report)
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.
Further Reading
Before you consider CommVault Systems, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CommVault Systems wasn't on the list.
While CommVault Systems currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
