Goldman Sachs Group Inc. Raises Stock Position in CommVault Systems, Inc. $CVLT

Key Points

• Goldman Sachs Group Inc. increased its stake in CommVault Systems by 6.1%, owning approximately 1.43% of the company, valued at $99.72 million.
• CommVault reported a 26% year-over-year revenue increase, generating $281.98 million in the latest quarter and exceeding analysts' expectations.
• The current average analyst price target for CommVault shares has risen to $205.63, signaling a consensus "Moderate Buy" rating.

Goldman Sachs Group Inc. boosted its stake in CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) by 6.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 632,084 shares of the software maker's stock after acquiring an additional 36,601 shares during the period. Goldman Sachs Group Inc. owned about 1.43% of CommVault Systems worth $99,718,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Invesco Ltd. lifted its position in CommVault Systems by 7.1% in the first quarter. Invesco Ltd. now owns 1,777,307 shares of the software maker's stock valued at $280,388,000 after acquiring an additional 117,199 shares during the last quarter. Nuveen LLC purchased a new stake in CommVault Systems in the first quarter valued at $116,223,000. Congress Asset Management Co. lifted its position in CommVault Systems by 7.7% in the first quarter. Congress Asset Management Co. now owns 560,442 shares of the software maker's stock valued at $88,415,000 after acquiring an additional 40,064 shares during the last quarter. AQR Capital Management LLC lifted its position in CommVault Systems by 11.1% in the first quarter. AQR Capital Management LLC now owns 555,555 shares of the software maker's stock valued at $86,850,000 after acquiring an additional 55,450 shares during the last quarter. Finally, Driehaus Capital Management LLC lifted its position in CommVault Systems by 3.4% in the first 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. 93.50% of the stock is owned by hedge funds and other institutional investors.

CommVault Systems Stock Performance

CVLT traded up $5.97 on Thursday, hitting $195.41. 779,261 shares of the company were exchanged, compared to its average volume of 659,150. The business's fifty day moving average is $179.88 and its 200 day moving average is $172.23. CommVault Systems, Inc. has a fifty-two week low of $128.07 and a fifty-two week high of $200.68. The firm has a market capitalization of $8.69 billion, a P/E ratio of 108.56 and a beta of 0.74.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The software maker reported $1.01 EPS for the quarter, beating the consensus estimate of $0.97 by $0.04. The business had revenue of $281.98 million for 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 firm'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. Analysts forecast that CommVault Systems, Inc. will post 1.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CVLT shares. Royal Bank Of Canada boosted their price target on shares of CommVault Systems from $185.00 to $217.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 30th. Piper Sandler upped their target price 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. DA Davidson upped their target price on shares of CommVault Systems from $200.00 to $220.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Wells Fargo & Company upped their target price on shares of CommVault Systems from $190.00 to $220.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Finally, KeyCorp upped their target price on shares of CommVault Systems from $195.00 to $225.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $205.63.

Insider Activity at CommVault Systems

In other CommVault Systems news, Director Allison Pickens sold 690 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $177.89, for a total transaction of $122,744.10. Following the transaction, the director owned 5,166 shares of the company's stock, valued at $918,979.74. This trade represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Jennifer Leigh Dirico sold 14,909 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $182.22, for a total transaction of $2,716,717.98. Following the transaction, the chief financial officer directly owned 45,143 shares in the company, valued at approximately $8,225,957.46. This represents a 24.83% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders 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.