Virtus Advisers LLC Buys New Shares in CommVault Systems, Inc. $CVLT

Key Points

• Virtus Advisers LLC has invested approximately $220,000 in CommVault Systems, acquiring 1,395 shares during the first quarter.
• Several institutional investors, including Raymond James Financial Inc. and Mariner LLC, have recently increased their stakes in CommVault, with institutional ownership now at 93.50%.
• CommVault's stock has received multiple upgrades from analysts, including Oppenheimer raising its price target from $180 to $200, reflecting a generally positive outlook on the company's performance.

Virtus Advisers LLC bought a new stake in CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,395 shares of the software maker's stock, valued at approximately $220,000.

Other institutional investors also recently added to or reduced their stakes in the company. Quarry LP increased its position in CommVault Systems by 888.2% in the 4th quarter. Quarry LP now owns 168 shares of the software maker's stock valued at $25,000 after acquiring an additional 151 shares during the period. SBI Securities Co. Ltd. raised its stake in shares of CommVault Systems by 101.3% during the first quarter. SBI Securities Co. Ltd. now owns 159 shares of the software maker's stock worth $25,000 after purchasing an additional 80 shares during the last quarter. Whipplewood Advisors LLC lifted its holdings in shares of CommVault Systems by 584.0% during 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. Cullen Frost Bankers Inc. purchased a new position in CommVault Systems in the 1st quarter valued at $27,000. Finally, Brooklyn Investment Group grew its position in CommVault Systems by 8,550.0% in the 1st quarter. Brooklyn Investment Group now owns 173 shares of the software maker's stock valued at $27,000 after buying an additional 171 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company's stock.

CommVault Systems Stock Performance

CVLT stock traded up $3.56 during midday trading on Thursday, hitting $187.74. 259,210 shares of the stock were exchanged, compared to its average volume of 443,725. The stock's 50-day moving average price is $176.68 and its 200-day moving average price is $171.54. The stock has a market cap of $8.35 billion, a price-to-earnings ratio of 104.30 and a beta of 0.70. CommVault Systems, Inc. has a fifty-two week low of $128.07 and a fifty-two week high of $200.68.

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

Analyst Upgrades and Downgrades

CVLT has been the subject of several recent analyst reports. Wells Fargo & Company raised their target price on shares of CommVault Systems from $190.00 to $220.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Royal Bank Of Canada increased their price target 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. DA Davidson raised their price objective on shares of CommVault Systems from $200.00 to $220.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Guggenheim set a $220.00 target price on CommVault Systems in a research report on Tuesday, July 29th. Finally, Oppenheimer increased their target price on CommVault Systems from $180.00 to $200.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, CommVault Systems presently has a consensus rating of "Moderate Buy" and a consensus target price of $205.63.

Insider Activity

In other CommVault Systems news, CFO Jennifer Leigh Dirico sold 11,151 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $178.03, for a total transaction of $1,985,212.53. Following the sale, the chief financial officer owned 60,052 shares in the company, valued at approximately $10,691,057.56. This represents a 15.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sanjay Mirchandani sold 11,320 shares of the firm's 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 directly owned 458,361 shares of the company's stock, valued at $81,510,336.63. The trade was a 2.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,099 shares of company stock worth $4,466,111 over the last ninety days. 1.00% of the stock is currently owned by insiders.

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.