2,874 Shares in CommVault Systems, Inc. $CVLT Bought by United Services Automobile Association

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 bought a new stake in shares of CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,874 shares of the software maker's stock, valued at approximately $466,000.

Several other hedge funds also recently modified their holdings of CVLT. Nuveen LLC bought a new stake in CommVault Systems during the first quarter worth $116,223,000. Wedge Capital Management L L P NC lifted its holdings in CommVault Systems by 1,936.0% during 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 bought a new stake in CommVault Systems during the first quarter worth $47,361,000. Polar Capital Holdings Plc lifted its holdings in CommVault Systems by 182.5% during the fourth quarter. Polar Capital Holdings Plc now owns 362,958 shares of the software maker's stock worth $54,774,000 after acquiring an additional 234,477 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in CommVault Systems by 20,945.1% during the first quarter. GAMMA Investing LLC now owns 211,714 shares of the software maker's stock worth $33,400,000 after acquiring an additional 210,708 shares during the period. Hedge funds and other institutional investors own 93.50% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on CVLT. Wall Street Zen upgraded CommVault Systems from a "buy" rating to a "strong-buy" rating in a report on Saturday. 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. Piper Sandler boosted their target price on CommVault Systems from $168.00 to $170.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. DA Davidson boosted their target price on CommVault Systems from $200.00 to $220.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Finally, Royal Bank Of Canada boosted their target price on CommVault Systems from $185.00 to $217.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 30th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $205.63.

Insider Transactions at CommVault Systems

In other news, Director Allison Pickens sold 690 shares of the company'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 completion of the transaction, the director directly owned 5,166 shares in the company, valued at approximately $918,979.74. This represents a 11.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $467,862.84. Following the completion of the transaction, the insider owned 87,081 shares of the company's stock, valued at $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. Insiders have sold a total of 40,698 shares of company stock valued at $7,305,573 over the last quarter. 1.00% of the stock is owned by company insiders.

CommVault Systems Trading Down 0.2%

Shares of CVLT traded down $0.34 during midday trading on Tuesday, reaching $189.21. The stock had a trading volume of 131,058 shares, compared to its average volume of 512,048. The company's 50-day moving average is $178.77 and its 200 day moving average is $171.77. CommVault Systems, Inc. has a 12-month low of $128.07 and a 12-month high of $200.68. The company has a market capitalization of $8.41 billion, a price-to-earnings ratio of 105.08 and a beta of 0.74.

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, topping 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 firm had revenue of $281.98 million during the quarter, compared to analysts' expectations of $267.83 million. CommVault Systems's 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. Research analysts forecast 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.