Fort Washington Investment Advisors Inc. OH Sells 7,970 Shares of CommVault Systems, Inc. $CVLT

Key Points

• Fort Washington Investment Advisors Inc. OH sold 7,970 shares of CommVault Systems, reducing its stake by 6.9% to approximately 0.24% of the company, valued at about $18.89 million.
• Insider transactions include the CFO selling 14,909 shares for approximately $2.72 million, reducing their holdings significantly, while overall insider selling in the last 90 days reached 55,942 shares valued at over $10 million.
• CommVault's stock is currently showing a 2.4% increase and has a consensus price target of $205.63 from analysts, indicating growth potential amid a positive market overview.

Fort Washington Investment Advisors Inc. OH decreased its position in CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) by 6.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 108,332 shares of the software maker's stock after selling 7,970 shares during the period. Fort Washington Investment Advisors Inc. OH owned approximately 0.24% of CommVault Systems worth $18,886,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. lifted its holdings in CommVault Systems by 101.3% during the first quarter. SBI Securities Co. Ltd. now owns 159 shares of the software maker's stock worth $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 during the 1st quarter valued at about $27,000. Whipplewood Advisors LLC grew its position in shares of CommVault Systems by 584.0% in the 1st quarter. Whipplewood Advisors LLC now owns 171 shares of the software maker's stock valued at $27,000 after purchasing an additional 146 shares during the period. Brooklyn Investment Group increased its stake in CommVault Systems by 8,550.0% during the 1st quarter. Brooklyn Investment Group now owns 173 shares of the software maker's stock worth $27,000 after purchasing an additional 171 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in CommVault Systems by 208.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 185 shares of the software maker's stock worth $29,000 after buying an additional 125 shares during the period. Institutional investors and hedge funds own 93.50% of the company's stock.

Insider Transactions at CommVault Systems

In related news, CFO Jennifer Leigh Dirico sold 14,909 shares of the business's stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $182.22, for a total value of $2,716,717.98. Following the completion of the sale, the chief financial officer directly owned 45,143 shares of the company's stock, valued at $8,225,957.46. The trade was a 24.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Allison Pickens sold 690 shares of the company's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $177.89, for a total value of $122,744.10. Following the transaction, the director directly owned 5,166 shares in the company, valued at approximately $918,979.74. This trade represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,942 shares of company stock valued at $10,019,157. 1.00% of the stock is currently owned by corporate insiders.

CommVault Systems Stock Up 2.4%

CVLT opened at $190.30 on Monday. The company has a fifty day moving average of $182.42 and a 200-day moving average of $173.89. CommVault Systems, Inc. has a twelve month low of $128.07 and a twelve month high of $200.68. The stock has a market cap of $8.46 billion, a PE ratio of 105.72 and a beta of 0.74.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The software maker reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.04. The company had revenue of $281.98 million during the quarter, compared to analyst estimates of $267.83 million. CommVault Systems had a net margin of 7.70% and a return on equity of 30.83%. The company's quarterly 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. Sell-side analysts anticipate that CommVault Systems, Inc. will post 1.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CVLT shares. Royal Bank Of Canada upped their price target on shares of CommVault Systems from $185.00 to $217.00 and gave the company a "sector perform" rating in a report on Wednesday, July 30th. KeyCorp lifted their price objective on shares of CommVault Systems from $195.00 to $225.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. Guggenheim set a $220.00 price objective on shares of CommVault Systems in a research report on Tuesday, July 29th. DA Davidson increased their target price on CommVault Systems from $200.00 to $220.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Finally, Piper Sandler lifted their price objective on shares of CommVault Systems from $168.00 to $170.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, CommVault Systems has a consensus rating of "Moderate Buy" and a consensus target price of $205.63.

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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