Voya Investment Management LLC Acquires 5,166 Shares of CommVault Systems, Inc. $CVLT

Key Points

• Voya Investment Management LLC increased its stake in CommVault Systems by 39.8%, acquiring an additional 5,166 shares, bringing its total holdings to 18,162 shares valued at approximately $2.87 million.
• CommVault Systems reported a 26% increase in revenue year-over-year for the recent quarter, with earnings per share (EPS) of $1.01, surpassing analyst expectations.
• Recent price targets from analysts for CommVault’s stock range from $185.00 to $220.00, with a consensus rating of “Moderate Buy” based on positive market sentiment.

Voya Investment Management LLC boosted its holdings in CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) by 39.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,162 shares of the software maker's stock after buying an additional 5,166 shares during the period. Voya Investment Management LLC's holdings in CommVault Systems were worth $2,865,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Invesco Ltd. grew its stake 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. Acadian Asset Management LLC grew its stake in CommVault Systems by 2.9% in the 1st quarter. Acadian Asset Management LLC now owns 1,505,357 shares of the software maker's stock valued at $237,454,000 after buying an additional 43,075 shares in the last quarter. Nuveen LLC purchased a new position in CommVault Systems in the 1st quarter valued at approximately $116,223,000. Goldman Sachs Group Inc. grew its stake in CommVault Systems by 6.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 632,084 shares of the software maker's stock valued at $99,718,000 after buying an additional 36,601 shares in the last quarter. Finally, Congress Asset Management Co. grew its stake in CommVault Systems by 7.7% in the 1st quarter. Congress Asset Management Co. now owns 560,442 shares of the software maker's stock valued at $88,415,000 after buying an additional 40,064 shares in the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at CommVault Systems

In other news, 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 completion of the transaction, the chief executive officer directly owned 458,361 shares of the company's stock, valued at approximately $81,510,336.63. This represents a 2.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Jennifer Leigh Dirico sold 14,909 shares of the company's stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $182.22, for a total transaction of $2,716,717.98. Following the transaction, the chief financial officer directly owned 45,143 shares of the company's stock, valued at approximately $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 three months, insiders sold 55,942 shares of company stock valued at $10,019,157. Company insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. DA Davidson boosted their price target 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. Royal Bank Of Canada boosted their price target on shares of CommVault Systems from $185.00 to $217.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 30th. KeyCorp boosted their price target on shares of CommVault Systems from $195.00 to $225.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. Wall Street Zen lowered shares of CommVault Systems from a "strong-buy" rating to a "buy" rating in a research report on Sunday. Finally, Piper Sandler boosted their price target on shares of CommVault Systems from $168.00 to $170.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $205.63.

CommVault Systems Price Performance

CommVault Systems stock traded up $0.15 during mid-day trading on Tuesday, hitting $193.87. The company's stock had a trading volume of 123,718 shares, compared to its average volume of 529,076. The stock has a market cap of $8.62 billion, a price-to-earnings ratio of 107.87 and a beta of 0.74. The business has a 50 day moving average price of $180.96 and a 200-day moving average price of $172.84. CommVault Systems, Inc. has a 12 month low of $128.07 and a 12 month 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 for the quarter, topping the consensus estimate of $0.97 by $0.04. The business had revenue of $281.98 million during the quarter, compared to the consensus estimate of $267.83 million. CommVault Systems had a net margin of 7.70% and a return on equity of 30.83%. CommVault Systems'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. On average, equities research analysts expect that CommVault Systems, Inc. will post 1.65 earnings per share 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.