United Services Automobile Association Invests $466,000 in CommVault Systems, Inc. $CVLT

Key Points

• United Services Automobile Association invested approximately $466,000 in CommVault Systems, acquiring 2,874 shares during the first quarter.
• CommVault's quarterly earnings surpassed expectations, with a reported $1.01 EPS and a revenue of $281.98 million, marking a 26% year-over-year increase.
• Multiple analysts have upgraded their price targets for CVLT stock, with KeyCorp raising its target from $195 to $225, and several analysts rating the stock as a "Moderate Buy."

United Services Automobile Association purchased a new position in CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,874 shares of the software maker's stock, valued at approximately $466,000.

Other hedge funds have also recently made changes to their positions in the company. Caxton Associates LLP bought a new stake in shares of CommVault Systems in the first quarter valued at about $1,286,000. Goldman Sachs Group Inc. raised its holdings in shares of CommVault Systems by 6.1% in the first quarter. Goldman Sachs Group Inc. now owns 632,084 shares of the software maker's stock valued at $99,718,000 after acquiring an additional 36,601 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of CommVault Systems by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,988 shares of the software maker's stock valued at $4,100,000 after acquiring an additional 1,148 shares in the last quarter. Granahan Investment Management LLC bought a new stake in shares of CommVault Systems in the first quarter valued at about $1,135,000. Finally, Hancock Whitney Corp raised its holdings in shares of CommVault Systems by 1.9% in the first quarter. Hancock Whitney Corp now owns 5,890 shares of the software maker's stock valued at $929,000 after acquiring an additional 109 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CVLT. Piper Sandler lifted their price objective on CommVault Systems from $168.00 to $170.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Guggenheim set a $220.00 price objective on CommVault Systems in a report on Tuesday, July 29th. KeyCorp boosted their target price on shares of CommVault Systems from $195.00 to $225.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Royal Bank Of Canada boosted their target price on shares of CommVault Systems from $185.00 to $217.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 30th. Finally, DA Davidson boosted their target price on shares of CommVault Systems from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, CommVault Systems has an average rating of "Moderate Buy" and a consensus price target of $205.63.

Insider Activity at CommVault Systems

In other news, CFO Jennifer Leigh Dirico sold 11,151 shares of the company's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $178.03, for a total transaction of $1,985,212.53. Following the transaction, the chief financial officer owned 60,052 shares in the company, valued at $10,691,057.56. This represents a 15.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 transaction of $2,013,035.60. Following the transaction, the chief executive officer owned 458,361 shares in the company, valued at approximately $81,510,336.63. This trade represents a 2.41% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,789 shares of company stock worth $4,588,855. 1.00% of the stock is owned by insiders.

CommVault Systems Stock Down 4.7%

CVLT opened at $176.45 on Thursday. CommVault Systems, Inc. has a 52-week low of $128.07 and a 52-week high of $200.68. The company has a market cap of $7.84 billion, a P/E ratio of 98.03 and a beta of 0.74. The firm's 50-day moving average price is $178.28 and its 200-day moving average price is $171.49.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last posted 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 the consensus estimate of $267.83 million. The business's revenue for the quarter 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 fiscal 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.

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