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

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nuveen LLC bought a new position in shares of CommVault Systems in the 1st quarter worth approximately $116,223,000. Wedge Capital Management L L P NC raised its position 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 worth $56,850,000 after acquiring an additional 342,656 shares in the last quarter. Champlain Investment Partners LLC bought a new position in shares of CommVault Systems in the 1st quarter worth approximately $47,361,000. Polar Capital Holdings Plc raised its position 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 worth $54,774,000 after acquiring an additional 234,477 shares in the last quarter. Finally, GAMMA Investing LLC raised its position 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 worth $33,400,000 after acquiring an additional 210,708 shares in the last quarter. Institutional investors own 93.50% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CVLT shares. KeyCorp increased their target price on CommVault Systems from $195.00 to $225.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Wall Street Zen raised CommVault Systems from a "buy" rating to a "strong-buy" rating in a research report on Saturday. 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 report on Wednesday, July 30th. Royal Bank Of Canada upped their price target 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. Finally, Wells Fargo & Company upped their price target on CommVault Systems from $190.00 to $220.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $205.63.

CommVault Systems Stock Performance

Shares of CVLT stock traded down $0.84 on Tuesday, reaching $188.70. The stock had a trading volume of 109,750 shares, compared to its average volume of 511,801. The stock has a market cap of $8.39 billion, a P/E ratio of 104.82 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 has a 50 day simple moving average of $178.77 and a 200 day simple moving average of $171.77.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last released its 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 the consensus estimate of $267.83 million. CommVault Systems had a return on equity of 30.83% and a net margin of 7.70%.CommVault Systems's revenue for the quarter 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. On average, equities research analysts anticipate that CommVault Systems, Inc. will post 1.65 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Allison Pickens sold 690 shares of CommVault Systems 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 transaction, the director directly owned 5,166 shares in the company, valued at approximately $918,979.74. The trade was a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sanjay Mirchandani sold 11,320 shares of CommVault Systems stock in a transaction on Monday, August 18th. The shares were sold at an average price of $177.83, for a total value of $2,013,035.60. Following the transaction, the chief executive officer owned 458,361 shares in the company, valued at $81,510,336.63. This trade represents a 2.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,698 shares of company stock valued at $7,305,573 over the last three months. 1.00% of the stock is currently owned by company insiders.

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.