TD Asset Management Inc Sells 5,700 Shares of CommVault Systems, Inc. $CVLT

Key Points

• TD Asset Management Inc reduced its stake in CommVault Systems by 37.3%, now holding 9,600 shares valued at approximately $1.67 million.
• Multiple institutional investors have increased their holdings in CommVault, with notable new positions from Nuveen LLC valued at $116.2 million and Champlain Investment Partners LLC valued at $47.4 million.
• Analysts have raised their price targets for CommVault stock, with DA Davidson increasing its target from $200 to $220, reflecting a positive outlook on the company's performance.

TD Asset Management Inc cut its stake in CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) by 37.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,600 shares of the software maker's stock after selling 5,700 shares during the quarter. TD Asset Management Inc's holdings in CommVault Systems were worth $1,674,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CVLT. Nuveen LLC acquired a new position in CommVault Systems in the 1st quarter valued at $116,223,000. Champlain Investment Partners LLC acquired a new position in CommVault Systems in the 1st quarter valued at $47,361,000. Wellington Management Group LLP acquired a new position in CommVault Systems in the 1st quarter valued at $22,540,000. Invesco Ltd. grew its holdings in CommVault Systems by 7.1% in the 1st quarter. Invesco Ltd. now owns 1,777,307 shares of the software maker's stock valued at $280,388,000 after buying an additional 117,199 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its holdings in CommVault Systems by 25.7% in the 1st quarter. Allianz Asset Management GmbH now owns 448,860 shares of the software maker's stock valued at $70,812,000 after buying an additional 91,739 shares in the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Allison Pickens sold 690 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at $918,979.74. This trade represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Jennifer Leigh Dirico sold 14,909 shares of the firm's stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $182.22, for a total value of $2,716,717.98. Following the completion of the sale, the chief financial officer directly owned 45,143 shares in the company, valued at $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. Over the last ninety days, insiders sold 55,942 shares of company stock valued at $10,019,157. 1.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have commented on CVLT shares. DA Davidson upped their price objective on CommVault Systems from $200.00 to $220.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Piper Sandler raised CommVault Systems from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $195.00 to $200.00 in a report on Monday, October 13th. KeyCorp increased their target price on CommVault Systems from $195.00 to $225.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Guggenheim reissued a "buy" rating and set a $220.00 target price on shares of CommVault Systems in a report on Thursday, October 16th. Finally, Zacks Research raised CommVault Systems from a "hold" rating to a "strong-buy" rating in a report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, CommVault Systems has an average rating of "Moderate Buy" and an average target price of $211.67.

CommVault Systems Stock Down 0.9%

NASDAQ:CVLT opened at $174.89 on Wednesday. The stock's 50-day simple moving average is $181.68 and its 200 day simple moving average is $175.69. The firm has a market capitalization of $7.78 billion, a PE ratio of 97.16 and a beta of 0.72. CommVault Systems, Inc. has a twelve month low of $128.07 and a twelve month high of $200.68.

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 for the quarter, beating the consensus estimate of $0.97 by $0.04. The business 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 firm's revenue for the quarter 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, analysts anticipate that CommVault Systems, Inc. will post 1.65 EPS for the current fiscal year.

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.

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