Royal Bank of Canada Sells 12,641 Shares of CommVault Systems, Inc. $CVLT

Key Points

• The Royal Bank of Canada reduced its holdings in CommVault Systems by 3.8%, ending the quarter with 320,585 shares valued at $50.6 million.
• CommVault's stock has seen significant institutional investment, with institutional investors collectively holding 93.50% of the company's stock.
• Analysts have recently adjusted their price targets for CommVault, with several firms increasing their target prices to as high as $225.00, indicating a strong outlook for the stock.

Royal Bank of Canada trimmed its position in CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) by 3.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 320,585 shares of the software maker's stock after selling 12,641 shares during the period. Royal Bank of Canada owned about 0.73% of CommVault Systems worth $50,577,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CVLT. Nuveen LLC purchased a new position in shares of CommVault Systems in the first quarter worth approximately $116,223,000. Wedge Capital Management L L P NC raised its position in 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 worth $56,850,000 after acquiring an additional 342,656 shares during the period. Champlain Investment Partners LLC purchased a new position in shares of CommVault Systems during the 1st quarter worth $47,361,000. Polar Capital Holdings Plc grew its position in shares of CommVault Systems by 182.5% during the 4th quarter. Polar Capital Holdings Plc now owns 362,958 shares of the software maker's stock valued at $54,774,000 after acquiring an additional 234,477 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of CommVault Systems by 20,945.1% in the 1st quarter. GAMMA Investing LLC now owns 211,714 shares of the software maker's stock worth $33,400,000 after purchasing an additional 210,708 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Wall Street Zen downgraded CommVault Systems from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Piper Sandler lifted their price objective on CommVault Systems from $168.00 to $170.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. 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. KeyCorp raised their target price on shares of CommVault Systems from $195.00 to $225.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Finally, DA Davidson upped their price target on shares of CommVault Systems from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $205.63.

CommVault Systems Stock Up 2.5%

NASDAQ CVLT traded up $4.49 during trading hours on Thursday, reaching $180.94. The company's stock had a trading volume of 950,130 shares, compared to its average volume of 565,647. CommVault Systems, Inc. has a 1 year low of $128.07 and a 1 year high of $200.68. The company has a market capitalization of $8.04 billion, a price-to-earnings ratio of 100.52 and a beta of 0.74. The firm's 50-day moving average price is $178.41 and its 200-day moving average price is $171.57.

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

Insider Activity at CommVault Systems

In other CommVault Systems news, CEO Sanjay Mirchandani sold 11,320 shares of the business's stock in a transaction on 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 sale, the chief executive officer owned 458,361 shares in the company, valued at $81,510,336.63. The trade was a 2.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Allison Pickens sold 690 shares of the stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $177.89, for a total transaction of $122,744.10. Following the transaction, the director directly owned 5,166 shares of the company's stock, valued at $918,979.74. This trade represents a 11.78% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,698 shares of company stock valued at $7,305,573. 1.00% of the stock is currently owned by insiders.

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.