Intech Investment Management LLC Increases Stock Position in CommVault Systems, Inc. $CVLT

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 increased 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 (SEC). The fund owned 52,877 shares of the software maker's stock after purchasing an additional 3,466 shares during the quarter. Intech Investment Management LLC owned approximately 0.12% of CommVault Systems worth $8,342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. SBI Securities Co. Ltd. grew its stake in shares of CommVault Systems by 101.3% in the first quarter. SBI Securities Co. Ltd. now owns 159 shares of the software maker's stock worth $25,000 after purchasing an additional 80 shares during the last quarter. Cullen Frost Bankers Inc. bought a new stake in shares of CommVault Systems in the first quarter worth about $27,000. Whipplewood Advisors LLC grew its stake in shares of CommVault Systems by 584.0% in the first quarter. Whipplewood Advisors LLC now owns 171 shares of the software maker's stock worth $27,000 after purchasing an additional 146 shares during the last quarter. Brooklyn Investment Group grew its stake in shares of CommVault Systems by 8,550.0% in the first quarter. Brooklyn Investment Group now owns 173 shares of the software maker's stock worth $27,000 after purchasing an additional 171 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of CommVault Systems by 208.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 185 shares of the software maker's stock worth $29,000 after purchasing an additional 125 shares during the last quarter. 93.50% of the stock is owned by institutional investors.

CommVault Systems Stock Performance

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

CommVault Systems (NASDAQ:CVLT - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The software maker reported $1.01 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.04. CommVault Systems had a return on equity of 30.83% and a net margin of 7.70%.The firm had revenue of $281.98 million for the quarter, compared to analysts' expectations of $267.83 million. The firm's quarterly revenue was up 26% on a year-over-year basis. CommVault Systems has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. As a group, research analysts forecast that CommVault Systems, Inc. will post 1.65 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Gary Merrill sold 2,628 shares of the business's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $178.03, for a total value of $467,862.84. Following the sale, the insider directly owned 87,081 shares of the company's stock, valued at $15,503,030.43. The trade was a 2.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Allison Pickens sold 690 shares of the business's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $177.89, for a total value of $122,744.10. Following the completion of the sale, the director directly owned 5,166 shares in the company, valued at approximately $918,979.74. This represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 40,698 shares of company stock valued at $7,305,573. 1.00% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently issued reports on CVLT shares. Guggenheim set a $220.00 target price on CommVault Systems in a research note on Tuesday, July 29th. Royal Bank Of Canada lifted their price objective on CommVault Systems from $185.00 to $217.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 30th. KeyCorp lifted their price objective on CommVault Systems from $195.00 to $225.00 and gave the company 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. Finally, Wells Fargo & Company lifted 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 stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $205.63.

About CommVault Systems

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.