CommVault Systems, Inc. $CVLT Shares Acquired by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC increased its stake in CommVault Systems by 7.0%, now holding 52,877 shares valued at approximately $8.34 million.
• CommVault's earnings report showed a 26% year-over-year revenue growth, with earnings per share of $1.01, exceeding estimates and contributing to an average price target of $205.63 from analysts.
• Several institutional investors, including UBS and Empowered Funds, made significant investments in CommVault Systems during the first quarter, indicating a growing interest in the company.

Intech Investment Management LLC grew its holdings in CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) by 7.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 52,877 shares of the software maker's stock after acquiring an additional 3,466 shares during the period. Intech Investment Management LLC owned 0.12% of CommVault Systems worth $8,342,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Invesco Ltd. grew 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 valued at $280,388,000 after buying an additional 117,199 shares in the last quarter. Nuveen LLC bought a new position in shares of CommVault Systems during the 1st quarter valued at approximately $116,223,000. Goldman Sachs Group Inc. boosted its position in shares of CommVault Systems by 6.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 632,084 shares of the software maker's stock valued at $99,718,000 after acquiring an additional 36,601 shares during the last quarter. Congress Asset Management Co. raised its holdings in CommVault Systems by 7.7% during the 1st quarter. Congress Asset Management Co. now owns 560,442 shares of the software maker's stock valued at $88,415,000 after buying an additional 40,064 shares during the period. Finally, AQR Capital Management LLC raised its holdings in CommVault Systems by 11.1% during the 1st quarter. AQR Capital Management LLC now owns 555,555 shares of the software maker's stock valued at $86,850,000 after buying an additional 55,450 shares during the period. 93.50% of the stock is owned by hedge funds and other institutional investors.

CommVault Systems Stock Performance

Shares of CommVault Systems stock traded down $0.78 during trading hours on Tuesday, hitting $188.77. The company's stock had a trading volume of 153,535 shares, compared to its average volume of 512,213. The stock has a market cap of $8.39 billion, a price-to-earnings ratio of 105.10 and a beta of 0.74. CommVault Systems, Inc. has a twelve month low of $128.07 and a twelve month high of $200.68. The firm has a fifty day moving average of $178.77 and a 200-day moving average of $171.77.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last posted 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. The firm 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%.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. On average, sell-side analysts expect that CommVault Systems, Inc. will post 1.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on CVLT. Guggenheim set a $220.00 target price on CommVault Systems in a research note on Tuesday, July 29th. Royal Bank Of Canada raised their price target on CommVault Systems from $185.00 to $217.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 30th. KeyCorp raised their price target on CommVault Systems from $195.00 to $225.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. 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 raised 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 equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $205.63.

Insider Buying and Selling

In other news, CEO Sanjay Mirchandani sold 11,320 shares of the stock in a transaction dated Monday, August 18th. The stock was 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 approximately $81,510,336.63. This represents a 2.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Gary Merrill sold 2,628 shares of the company's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $178.03, for a total value of $467,862.84. Following the completion of the sale, the insider directly owned 87,081 shares of the company's stock, valued at approximately $15,503,030.43. This trade represents a 2.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,698 shares of company stock worth $7,305,573 in the last quarter. Company insiders own 1.00% of the company's stock.

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.