Raymond James Financial Inc. Boosts Stock Position in CommVault Systems, Inc. $CVLT

Key Points

• Raymond James Financial Inc. significantly increased its stake in CommVault Systems by 178.6% in Q1, owning $8.20 million worth of shares after acquiring an additional 33,315 shares.
• CommVault's recent earnings report showed an EPS of $1.01, exceeding analysts' expectations of $0.97, with a revenue increase of 26% year-over-year to $281.98 million.
• A number of analysts have raised their price targets for CommVault, with KeyCorp setting a new target at $225, indicating strong bullish sentiment around the stock.

Raymond James Financial Inc. lifted its holdings in CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) by 178.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 51,966 shares of the software maker's stock after buying an additional 33,315 shares during the quarter. Raymond James Financial Inc. owned approximately 0.12% of CommVault Systems worth $8,199,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP raised its holdings in shares of CommVault Systems by 888.2% in the fourth quarter. Quarry LP now owns 168 shares of the software maker's stock worth $25,000 after buying an additional 151 shares during the period. SBI Securities Co. Ltd. raised its holdings 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 buying an additional 80 shares during the period. Whipplewood Advisors LLC raised its holdings 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 buying an additional 146 shares during the period. Cullen Frost Bankers Inc. purchased a new position in CommVault Systems during the 1st quarter worth $27,000. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in CommVault Systems by 208.3% during the 1st 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 period. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at CommVault Systems

In related news, insider Gary Merrill sold 2,628 shares of the company's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $178.03, for a total transaction of $467,862.84. Following the transaction, the insider directly owned 87,081 shares of the company's stock, valued at $15,503,030.43. This represents a 2.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Sanjay Mirchandani sold 11,320 shares of the company's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $177.83, for a total value of $2,013,035.60. Following the transaction, the chief executive officer directly owned 458,361 shares in the company, valued at $81,510,336.63. This represents a 2.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,099 shares of company stock valued at $4,466,111 in the last ninety days. Corporate insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

CVLT has been the topic of several research reports. DA Davidson raised their price objective on CommVault Systems from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Wells Fargo & Company raised their price objective on CommVault Systems from $190.00 to $220.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Royal Bank Of Canada raised their price objective on CommVault Systems from $185.00 to $217.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 30th. Piper Sandler raised their price objective on CommVault Systems from $168.00 to $170.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Finally, Wall Street Zen downgraded CommVault Systems from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $205.63.

CommVault Systems Trading Up 0.7%

Shares of NASDAQ:CVLT traded up $1.19 on Friday, reaching $178.34. The company had a trading volume of 251,776 shares, compared to its average volume of 503,673. CommVault Systems, Inc. has a 52-week low of $128.07 and a 52-week high of $200.68. The firm's 50 day simple moving average is $177.62 and its 200-day simple moving average is $171.53. The firm has a market capitalization of $7.93 billion, a PE ratio of 99.12 and a beta of 0.74.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The software maker reported $1.01 earnings per share (EPS) for the quarter, beating 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 business had revenue of $281.98 million for the quarter, compared to the consensus estimate of $267.83 million. CommVault Systems'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. As a group, equities research analysts predict that CommVault Systems, Inc. will post 1.65 earnings per share for the current year.

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.