Eventide Asset Management LLC Takes Position in CommVault Systems, Inc. $CVLT

Key Points

• Eventide Asset Management LLC has acquired 3,141 shares of CommVault Systems, valued at approximately $496,000, indicating strong institutional interest in the company.
• CommVault Systems has seen significant increases in its stock ratings, with several analysts raising their price targets, some reaching as high as $225.00 and giving it an overall "Moderate Buy" rating.
• Insider transactions revealed CFO Jennifer Leigh Dirico and CEO Sanjay Mirchandani sold shares, indicating a 15.66% and 2.41% decrease in their ownership, respectively.

Eventide Asset Management LLC acquired a new stake in CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,141 shares of the software maker's stock, valued at approximately $496,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CVLT. AQR Capital Management LLC grew its holdings in shares of CommVault Systems by 11.1% during the first quarter. AQR Capital Management LLC now owns 555,555 shares of the software maker's stock worth $86,850,000 after buying an additional 55,450 shares in the last quarter. Vident Advisory LLC boosted its position in CommVault Systems by 0.3% during the first quarter. Vident Advisory LLC now owns 27,107 shares of the software maker's stock worth $4,276,000 after acquiring an additional 91 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in CommVault Systems by 19.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 363,868 shares of the software maker's stock valued at $57,404,000 after acquiring an additional 59,654 shares in the last quarter. Driehaus Capital Management LLC raised its holdings in 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 acquiring an additional 17,632 shares during the last quarter. Finally, Champlain Investment Partners LLC purchased a new position in CommVault Systems in the 1st quarter worth approximately $47,361,000. Institutional investors and hedge funds own 93.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CVLT. Wells Fargo & Company increased their price target on CommVault Systems from $190.00 to $220.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. DA Davidson upped their target price on CommVault Systems from $200.00 to $220.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Royal Bank Of Canada raised their target price on CommVault Systems from $185.00 to $217.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 30th. 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. Finally, Piper Sandler upped their price objective on shares of CommVault Systems from $168.00 to $170.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, CommVault Systems presently has a consensus rating of "Moderate Buy" and an average price target of $205.63.

Insider Buying and Selling at CommVault Systems

In related news, Director Allison Pickens sold 690 shares of the business's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $177.89, for a total transaction of $122,744.10. Following the completion of the transaction, the director directly owned 5,166 shares of the company's stock, valued at $918,979.74. The trade was a 11.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jennifer Leigh Dirico sold 11,151 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $178.03, for a total value of $1,985,212.53. Following the completion of the sale, the chief financial officer directly owned 60,052 shares in the company, valued at $10,691,057.56. This represents a 15.66% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,789 shares of company stock worth $4,588,855. 1.00% of the stock is currently owned by corporate insiders.

CommVault Systems Trading Up 0.7%

CommVault Systems stock traded up $1.26 during trading on Tuesday, hitting $185.22. The company had a trading volume of 683,973 shares, compared to its average volume of 508,831. The stock has a market cap of $8.23 billion, a price-to-earnings ratio of 102.90 and a beta of 0.74. CommVault Systems, Inc. has a 1-year low of $128.07 and a 1-year high of $200.68. The company's 50 day simple moving average is $177.90 and its 200-day simple moving average is $171.36.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last posted its earnings results on Tuesday, July 29th. The software maker reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.04. The firm 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 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, analysts forecast that CommVault Systems, Inc. will post 1.65 earnings per share for the current fiscal year.

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.