Great Lakes Advisors LLC Sells 8,314 Shares of CommVault Systems, Inc. $CVLT

Key Points

• Great Lakes Advisors LLC reduced its stake in CommVault Systems by 26.6% in Q1, selling 8,314 shares, with their current holding worth approximately $3.6 million.
• Several institutional investors, including Invesco Ltd. and Nuveen LLC, have increased their positions in CommVault Systems, indicating strong investor interest in the stock.
• CommVault Systems reported a quarterly EPS of $1.01, exceeding expectations, and analysts have raised their price targets significantly, with KeyCorp now at $225.00.

Great Lakes Advisors LLC reduced its stake in CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) by 26.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,926 shares of the software maker's stock after selling 8,314 shares during the quarter. Great Lakes Advisors LLC owned approximately 0.05% of CommVault Systems worth $3,617,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Janney Montgomery Scott LLC purchased a new stake in CommVault Systems in the 1st quarter worth approximately $243,000. Asset Management One Co. Ltd. bought a new stake in shares of CommVault Systems during the 1st quarter valued at $1,229,000. Principal Financial Group Inc. lifted its stake in shares of CommVault Systems by 1.4% during the 1st quarter. Principal Financial Group Inc. now owns 122,042 shares of the software maker's stock valued at $19,253,000 after buying an additional 1,668 shares in the last quarter. Yorktown Management & Research Co Inc bought a new position in CommVault Systems in the 1st quarter worth $260,000. Finally, Wedge Capital Management L L P NC increased its stake in 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 worth $56,850,000 after buying an additional 342,656 shares in the last quarter. Institutional investors own 93.50% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Guggenheim set a $220.00 target price on CommVault Systems in a research note on Tuesday, July 29th. Wells Fargo & Company boosted their target price on shares of CommVault Systems from $190.00 to $220.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Wall Street Zen upgraded shares of CommVault Systems from a "buy" rating to a "strong-buy" rating in a report on Saturday. DA Davidson increased their price objective 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. Finally, Royal Bank Of Canada lifted their target price on CommVault Systems from $185.00 to $217.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 30th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $205.63.

Insider Activity

In related news, CFO Jennifer Leigh Dirico sold 14,909 shares of the company's stock in a transaction dated Tuesday, September 9th. The shares were 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Allison Pickens sold 690 shares of the firm's stock in a transaction dated 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 sale, the director directly owned 5,166 shares of the company's stock, valued at approximately $918,979.74. The trade was a 11.78% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,698 shares of company stock valued at $7,305,573 in the last quarter. 1.00% of the stock is currently owned by company insiders.

CommVault Systems Stock Performance

CVLT stock traded down $4.98 during midday trading on Friday, reaching $175.96. 477,693 shares of the company traded hands, compared to its average volume of 591,552. The firm has a market capitalization of $7.82 billion, a price-to-earnings ratio of 97.76 and a beta of 0.74. CommVault Systems, Inc. has a 52-week low of $128.07 and a 52-week high of $200.68. The business has a 50 day moving average of $178.45 and a 200-day moving average of $171.62.

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 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 business's 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. Research analysts anticipate that CommVault Systems, Inc. will post 1.65 earnings per share for the current 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.