Fox Run Management L.L.C. Acquires 1,595 Shares of CommVault Systems, Inc. $CVLT

Key Points

• Fox Run Management L.L.C. increased its stake in CommVault Systems by 44.1% during the first quarter, now owning over 5,200 shares valued at approximately $822,000.
• CommVault reported $1.01 EPS for the recent quarter, exceeding analyst estimates, and a revenue increase of 26% year-over-year, reaching $281.98 million.
• Multiple analysts have raised their price targets for CommVault, with DA Davidson targeting $220.00 and KeyCorp increasing their target to $225.00, amid a consensus rating of Moderate Buy.

Fox Run Management L.L.C. grew its position in CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) by 44.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,213 shares of the software maker's stock after buying an additional 1,595 shares during the period. Fox Run Management L.L.C.'s holdings in CommVault Systems were worth $822,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CVLT. Nuveen LLC acquired a new position in shares of CommVault Systems in the 1st quarter valued at $116,223,000. Wedge Capital Management L L P NC grew its holdings 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 valued at $56,850,000 after buying an additional 342,656 shares during the period. Polar Capital Holdings Plc grew its holdings 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 valued at $54,774,000 after buying an additional 234,477 shares during the period. GAMMA Investing LLC grew its holdings 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 valued at $33,400,000 after buying an additional 210,708 shares during the period. Finally, Invesco Ltd. increased its holdings in CommVault Systems by 7.1% during the 1st quarter. Invesco Ltd. now owns 1,777,307 shares of the software maker's stock worth $280,388,000 after purchasing an additional 117,199 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company's stock.

Insider Activity

In other CommVault Systems news, CEO Sanjay Mirchandani sold 1,709 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total value of $299,075.00. Following the transaction, the chief executive officer directly owned 469,648 shares of the company's stock, valued at $82,188,400. This represents a 0.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gary Merrill sold 1,748 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $174.91, for a total transaction of $305,742.68. Following the completion of the transaction, the insider directly owned 89,923 shares in the company, valued at approximately $15,728,431.93. This represents a 1.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on CVLT shares. Wall Street Zen lowered CommVault Systems from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. 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. Wells Fargo & Company upped their price objective on CommVault Systems from $190.00 to $220.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Guggenheim set a $220.00 price objective on CommVault Systems in a research report on Tuesday, July 29th. Finally, Piper Sandler upped their price objective on CommVault Systems from $168.00 to $170.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $205.63.

CommVault Systems Price Performance

CommVault Systems stock traded down $0.35 during trading hours on Wednesday, hitting $175.75. The company had a trading volume of 167,992 shares, compared to its average volume of 492,481. The firm has a market cap of $7.81 billion, a PE ratio of 97.73 and a beta of 0.70. CommVault Systems, Inc. has a one year low of $128.07 and a one year high of $200.68. The firm has a 50-day moving average of $177.36 and a 200 day moving average of $171.10.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $281.98 million for the quarter, compared to analysts' expectations of $267.83 million. CommVault Systems had a net margin of 7.70% and a return on equity of 30.83%. CommVault Systems's quarterly 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 expect that CommVault Systems, Inc. will post 1.65 earnings per share for the current year.

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.