The Manufacturers Life Insurance Company Increases Stake in CommVault Systems, Inc. $CVLT

Key Points

• The Manufacturers Life Insurance Company increased its stake in CommVault Systems by 19.6% in Q1, holding approximately $57.40 million worth of shares.
• Several hedge funds have significantly increased their positions in CommVault, with Quarry LP boosting its stake by 888.2% in the fourth quarter.
• Wall Street analysts are optimistic about CommVault's performance, with multiple firms setting price targets around $220.00, reflecting a consensus rating of "Moderate Buy."

The Manufacturers Life Insurance Company increased its holdings in shares of CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) by 19.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 363,868 shares of the software maker's stock after purchasing an additional 59,654 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.82% of CommVault Systems worth $57,404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of CVLT. SBI Securities Co. Ltd. grew 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 valued at $25,000 after purchasing an additional 80 shares in the last quarter. Quarry LP raised its holdings in CommVault Systems by 888.2% in the fourth quarter. Quarry LP now owns 168 shares of the software maker's stock valued at $25,000 after buying an additional 151 shares during the period. Cullen Frost Bankers Inc. purchased a new stake in shares of CommVault Systems during the first quarter valued at approximately $27,000. Whipplewood Advisors LLC boosted its holdings in 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 purchasing an additional 146 shares during the period. Finally, Brooklyn Investment Group raised its stake in shares of CommVault Systems by 8,550.0% during the first quarter. Brooklyn Investment Group now owns 173 shares of the software maker's stock valued at $27,000 after purchasing an additional 171 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. KeyCorp boosted their price target on CommVault Systems from $195.00 to $225.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Wall Street Zen lowered CommVault Systems from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Piper Sandler increased their price target on CommVault Systems from $168.00 to $170.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Guggenheim set a $220.00 price target on CommVault Systems in a report on Tuesday, July 29th. Finally, 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 research note on Wednesday, July 30th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, CommVault Systems currently has an average rating of "Moderate Buy" and an average target price of $205.63.

CommVault Systems Trading Up 0.2%

CommVault Systems stock traded up $0.28 during trading on Wednesday, hitting $179.06. The company had a trading volume of 2,946,931 shares, compared to its average volume of 504,526. The company's 50 day simple moving average is $177.58 and its 200-day simple moving average is $171.58. The stock has a market cap of $7.96 billion, a price-to-earnings ratio of 99.48 and a beta of 0.74. CommVault Systems, Inc. has a 1-year low of $128.07 and a 1-year high of $200.68.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The software maker reported $1.01 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts' expectations of $267.83 million. The firm'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, analysts forecast that CommVault Systems, Inc. will post 1.65 earnings per share for the current fiscal year.

Insider Activity at CommVault Systems

In other news, CEO Sanjay Mirchandani sold 11,320 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $177.83, for a total value of $2,013,035.60. Following the transaction, the chief executive officer owned 458,361 shares of the company's stock, valued at $81,510,336.63. This represents a 2.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Gary Merrill sold 2,628 shares of the business's stock in a transaction on 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 owned 87,081 shares in the company, valued at approximately $15,503,030.43. The trade was a 2.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,099 shares of company stock valued at $4,466,111. Corporate insiders own 1.00% of the company's stock.

About CommVault Systems

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.