Lingohr Asset Management GmbH Cuts Position in CommVault Systems, Inc. $CVLT

Key Points

• Lingohr Asset Management GmbH significantly reduced its stake in CommVault Systems, Inc. by 93.3% in the 2nd quarter, holding only 3,061 shares valued at $534,000.
• Multiple institutional investors, including SBI Securities and Whipplewood Advisors, increased their positions in CommVault Systems during the 1st quarter, highlighting strong investor interest in the company.
• CommVault reported Q2 earnings of $1.01 EPS, exceeding analyst expectations, and revenue increased by 26% year-over-year, demonstrating the company's robust financial performance amidst a growing market.

Lingohr Asset Management GmbH cut its position in shares of CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) by 93.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,061 shares of the software maker's stock after selling 42,867 shares during the period. Lingohr Asset Management GmbH's holdings in CommVault Systems were worth $534,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in CVLT. Cetera Investment Advisers grew its stake in shares of CommVault Systems by 11.6% in the 4th quarter. Cetera Investment Advisers now owns 1,716 shares of the software maker's stock valued at $259,000 after buying an additional 179 shares during the period. Ethic Inc. purchased a new position in CommVault Systems in the fourth quarter worth approximately $224,000. Gotham Asset Management LLC purchased a new position in shares of CommVault Systems during the 4th quarter worth $331,000. Janus Henderson Group PLC grew its holdings in shares of CommVault Systems by 5.2% during the 4th quarter. Janus Henderson Group PLC now owns 20,066 shares of the software maker's stock worth $3,026,000 after purchasing an additional 1,000 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of CommVault Systems by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,840 shares of the software maker's stock worth $3,749,000 after purchasing an additional 938 shares during the period. Hedge funds and other institutional investors own 93.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Piper Sandler increased their target price on shares of CommVault Systems from $168.00 to $170.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Guggenheim set a $220.00 target price on CommVault Systems in a report on Tuesday, July 29th. DA Davidson lifted their price objective on CommVault Systems from $200.00 to $220.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Royal Bank Of Canada lifted their price target on shares of CommVault Systems from $185.00 to $217.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 30th. Finally, Wall Street Zen upgraded shares of CommVault Systems from a "buy" rating to a "strong-buy" rating in a research note on Saturday, September 13th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $205.63.

CommVault Systems Stock Down 1.7%

CVLT traded down $3.39 on Friday, hitting $192.02. 214,734 shares of the company traded hands, compared to its average volume of 515,134. The company has a 50 day moving average of $179.88 and a 200-day moving average of $172.23. The stock has a market capitalization of $8.54 billion, a PE ratio of 106.60 and a beta of 0.74. CommVault Systems, Inc. has a 12-month low of $128.07 and a 12-month high of $200.68.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The software maker reported $1.01 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate 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. On average, research analysts anticipate that CommVault Systems, Inc. will post 1.65 EPS for the current year.

Insider Activity

In other news, insider Gary Merrill sold 15,244 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $178.01, for a total transaction of $2,713,584.44. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Jennifer Leigh Dirico sold 14,909 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $182.22, for a total value of $2,716,717.98. Following the transaction, the chief financial officer directly owned 45,143 shares of the company's stock, valued at approximately $8,225,957.46. This trade represents a 24.83% 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 90 days. Corporate 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.