Harbor Capital Advisors Inc. Has $5.50 Million Holdings in CommVault Systems, Inc. $CVLT

Key Points

• Harbor Capital Advisors Inc. increased its stake in CommVault Systems by 256%, owning approximately $5.5 million worth of shares after acquiring an additional 22,684 shares.
• Insider selling activity included Gary Merrill and CFO Jennifer Leigh Dirico, who sold shares at values exceeding $2.7 million each, indicating a 17.51% and 24.83% decrease in their ownership, respectively.
• CommVault Systems reported a net margin of 7.70% and a 26% increase in quarterly revenue year-over-year, exceeding analyst expectations with revenue of $281.98 million for the past quarter.

Harbor Capital Advisors Inc. grew its stake in CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) by 256.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,546 shares of the software maker's stock after acquiring an additional 22,684 shares during the period. Harbor Capital Advisors Inc. owned 0.07% of CommVault Systems worth $5,499,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Reyes Financial Architecture Inc. acquired a new position in shares of CommVault Systems in the second quarter valued at about $98,000. Voya Investment Management LLC raised its holdings in CommVault Systems by 39.8% during the 1st quarter. Voya Investment Management LLC now owns 18,162 shares of the software maker's stock worth $2,865,000 after purchasing an additional 5,166 shares during the last quarter. Inspire Investing LLC increased its stake in shares of CommVault Systems by 17.4% in the 1st quarter. Inspire Investing LLC now owns 21,688 shares of the software maker's stock valued at $3,421,000 after acquiring an additional 3,222 shares in the last quarter. Strs Ohio acquired a new stake in CommVault Systems in the 1st quarter valued at $1,704,000. Finally, Ellsworth Advisors LLC boosted its holdings in CommVault Systems by 5.9% during the 1st quarter. Ellsworth Advisors LLC now owns 4,718 shares of the software maker's stock worth $744,000 after acquiring an additional 264 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company's stock.

CommVault Systems Stock Down 0.4%

Shares of CommVault Systems stock traded down $0.80 on Friday, hitting $194.61. 3,157,134 shares of the company were exchanged, compared to its average volume of 680,446. The stock has a market capitalization of $8.65 billion, a price-to-earnings ratio of 108.12 and a beta of 0.74. The company has a 50-day moving average price of $180.48 and a 200 day moving average price of $172.47. CommVault Systems, Inc. has a 1-year low of $128.07 and a 1-year high of $200.68.

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 (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.04. CommVault Systems had a net margin of 7.70% and a return on equity of 30.83%. The company had revenue of $281.98 million during the quarter, compared to the consensus estimate of $267.83 million. The business'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. Research analysts forecast that CommVault Systems, Inc. will post 1.65 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CVLT shares. Guggenheim set a $220.00 price target on CommVault Systems in a research report on Tuesday, July 29th. KeyCorp upped their target price on CommVault Systems from $195.00 to $225.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Wall Street Zen lowered CommVault Systems from a "strong-buy" rating to a "buy" rating in a research report on Sunday. DA Davidson raised their price objective on CommVault Systems from $200.00 to $220.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Finally, Wells Fargo & Company increased their price objective on CommVault Systems from $190.00 to $220.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $205.63.

Insider Activity

In other news, Director Allison Pickens sold 690 shares of the business's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $177.89, for a total value of $122,744.10. Following the completion of the sale, the director 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gary Merrill sold 15,244 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $178.01, for a total transaction of $2,713,584.44. Following the sale, the insider directly owned 71,837 shares of the company's stock, valued at approximately $12,787,704.37. This represents a 17.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 55,942 shares of company stock worth $10,019,157 in the last three months. 1.00% of the stock is owned by insiders.

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.