Jacobs Levy Equity Management Inc. Lowers Stake in CommVault Systems, Inc. $CVLT

Key Points

• Jacobs Levy Equity Management Inc. reduced its holdings in CommVault Systems by 86.4% in the first quarter, now owning approximately 0.09% of the company, valued at about $5.97 million.
• Analysts have significantly raised their price targets for CommVault Systems, with estimates now ranging from $170.00 to $220.00, reflecting a positive outlook on the stock.
• CommVault's quarterly earnings beat estimates, reporting $1.01 earnings per share and revenues of $281.98 million, indicating a 26% increase compared to the same quarter last year.

Jacobs Levy Equity Management Inc. lessened its position in CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) by 86.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 37,821 shares of the software maker's stock after selling 240,076 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.09% of CommVault Systems worth $5,967,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in CVLT. Janney Montgomery Scott LLC bought a new stake in CommVault Systems during the first quarter valued at approximately $243,000. Asset Management One Co. Ltd. purchased a new stake in CommVault Systems during the first quarter valued at $1,229,000. Principal Financial Group Inc. raised its stake in CommVault Systems by 1.4% during the first quarter. Principal Financial Group Inc. now owns 122,042 shares of the software maker's stock valued at $19,253,000 after purchasing an additional 1,668 shares in the last quarter. Yorktown Management & Research Co Inc purchased a new stake in shares of CommVault Systems in the first quarter valued at $260,000. Finally, Wedge Capital Management L L P NC raised its stake in shares of CommVault Systems by 1,936.0% in the first quarter. Wedge Capital Management L L P NC now owns 360,355 shares of the software maker's stock valued at $56,850,000 after acquiring an additional 342,656 shares during the period. 93.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CVLT has been the topic of a number of research analyst reports. Piper Sandler upped their price target on shares of CommVault Systems from $168.00 to $170.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Royal Bank Of Canada increased their target price on shares of CommVault Systems from $185.00 to $217.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 30th. Wells Fargo & Company increased 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. Guggenheim set a $220.00 target price on shares of CommVault Systems in a report on Tuesday, July 29th. Finally, Wall Street Zen cut shares of CommVault Systems from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, CommVault Systems presently has a consensus rating of "Moderate Buy" and a consensus target price of $205.63.

CommVault Systems Stock Performance

NASDAQ:CVLT opened at $183.96 on Tuesday. CommVault Systems, Inc. has a fifty-two week low of $128.07 and a fifty-two week high of $200.68. The stock has a market capitalization of $8.18 billion, a P/E ratio of 102.20 and a beta of 0.74. The company's 50-day simple moving average is $177.90 and its 200-day simple moving average is $171.36.

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 analysts' consensus estimates of $0.97 by $0.04. CommVault Systems had a net margin of 7.70% and a return on equity of 30.83%. The business 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% compared to the same quarter last year. CommVault Systems has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. On average, research analysts forecast that CommVault Systems, Inc. will post 1.65 EPS for the current year.

Insider Activity

In related news, Director Allison Pickens sold 690 shares of CommVault Systems stock in a transaction that occurred on 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 directly owned 5,166 shares in the company, valued at $918,979.74. This trade represents a 11.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sanjay Mirchandani sold 11,320 shares of CommVault Systems stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $177.83, for a total transaction of $2,013,035.60. Following the completion of the sale, the chief executive officer owned 458,361 shares of the company's stock, 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 25,789 shares of company stock valued at $4,588,855 over the last 90 days. 1.00% of the stock is currently owned by corporate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.