Jacobs Levy Equity Management Inc. Trims Stock Holdings 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. decreased its holdings in shares of CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) by 86.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,821 shares of the software maker's stock after selling 240,076 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.09% of CommVault Systems worth $5,967,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Benjamin Edwards Inc. lifted its stake in CommVault Systems by 3.3% in the fourth quarter. Benjamin Edwards Inc. now owns 1,803 shares of the software maker's stock valued at $272,000 after buying an additional 58 shares during the last quarter. Frank Rimerman Advisors LLC lifted its stake in CommVault Systems by 3.8% in the first quarter. Frank Rimerman Advisors LLC now owns 1,709 shares of the software maker's stock valued at $270,000 after buying an additional 63 shares during the last quarter. NorthCrest Asset Manangement LLC lifted its stake in CommVault Systems by 1.3% in the first quarter. NorthCrest Asset Manangement LLC now owns 5,753 shares of the software maker's stock valued at $908,000 after buying an additional 72 shares during the last quarter. SBI Securities Co. Ltd. lifted its stake in CommVault Systems by 101.3% in the first quarter. SBI Securities Co. Ltd. now owns 159 shares of the software maker's stock valued at $25,000 after buying an additional 80 shares during the last quarter. Finally, Johnson Investment Counsel Inc. lifted its stake in CommVault Systems by 6.7% in the first quarter. Johnson Investment Counsel Inc. now owns 1,451 shares of the software maker's stock valued at $229,000 after buying an additional 91 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company's stock.

CommVault Systems Stock Down 2.8%

CVLT stock traded down $4.98 on Friday, reaching $175.96. 477,693 shares of the company's stock were exchanged, compared to its average volume of 591,552. The stock has a fifty day moving average of $178.45 and a 200-day moving average of $171.62. CommVault Systems, Inc. has a twelve month low of $128.07 and a twelve month high of $200.68. The firm has a market cap of $7.82 billion, a PE ratio of 97.76 and a beta of 0.74.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The software maker reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.04. The firm had revenue of $281.98 million for the quarter, compared to analyst estimates of $267.83 million. CommVault Systems had a return on equity of 30.83% and a net margin of 7.70%.The company'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, equities research analysts predict that CommVault Systems, Inc. will post 1.65 EPS for the current fiscal year.

Insider Transactions at CommVault Systems

In other news, Director Allison Pickens sold 690 shares of the company's stock in a transaction 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 sale, the director directly owned 5,166 shares in the company, valued at $918,979.74. This represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gary Merrill sold 2,628 shares of the company's stock in a transaction on 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 owned 87,081 shares in the company, valued at $15,503,030.43. This represents a 2.93% 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 in the last three months. 1.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CVLT. Royal Bank Of Canada boosted their price objective 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. Wall Street Zen raised CommVault Systems from a "buy" rating to a "strong-buy" rating in a report on Saturday. Wells Fargo & Company boosted their target price on CommVault Systems from $190.00 to $220.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Piper Sandler boosted their target price on CommVault Systems from $168.00 to $170.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Finally, DA Davidson boosted their target price on CommVault Systems from $200.00 to $220.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, CommVault Systems currently has a consensus rating of "Moderate Buy" and an average target price of $205.63.

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.