Wedge Capital Management L L P NC Sells 22,400 Shares of CommVault Systems, Inc. $CVLT

Key Points

• Wedge Capital Management reduced its holdings in CommVault Systems by 6.2%, selling 22,400 shares and still retaining approximately 337,955 shares, valued at $58.9 million.
• Several institutional investors, including Brooklyn Investment Group and Whipplewood Advisors, significantly increased their stakes in CommVault during the first quarter, indicating positive investor sentiment.
• CommVault's stock has received multiple upgrades from analysts, with target prices raised to as high as $220.00, reflecting strong earnings performance and growth expectations.

Wedge Capital Management L L P NC reduced its holdings in shares of CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) by 6.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 337,955 shares of the software maker's stock after selling 22,400 shares during the quarter. CommVault Systems makes up approximately 1.1% of Wedge Capital Management L L P NC's holdings, making the stock its 22nd biggest position. Wedge Capital Management L L P NC owned approximately 0.76% of CommVault Systems worth $58,916,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in CVLT. SBI Securities Co. Ltd. boosted its holdings in shares of CommVault Systems by 101.3% in the 1st quarter. SBI Securities Co. Ltd. now owns 159 shares of the software maker's stock valued at $25,000 after buying an additional 80 shares during the last quarter. Whipplewood Advisors LLC boosted its holdings in shares of CommVault Systems by 584.0% in the 1st quarter. Whipplewood Advisors LLC now owns 171 shares of the software maker's stock valued at $27,000 after buying an additional 146 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of CommVault Systems in the 1st quarter valued at approximately $27,000. Brooklyn Investment Group boosted its holdings in shares of 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. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of CommVault Systems by 208.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 185 shares of the software maker's stock valued at $29,000 after buying an additional 125 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company's stock.

Insiders Place Their Bets

In other CommVault Systems news, Director Allison Pickens sold 690 shares of CommVault Systems 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 transaction, the director owned 5,166 shares in the company, valued at $918,979.74. The trade was a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Gary Merrill sold 15,244 shares of CommVault Systems stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $178.01, for a total value of $2,713,584.44. Following the completion of the transaction, the insider owned 71,837 shares in the company, valued at approximately $12,787,704.37. This represents a 17.51% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,942 shares of company stock worth $10,019,157. Insiders own 1.00% of the company's stock.

CommVault Systems Stock Performance

Shares of NASDAQ CVLT opened at $194.61 on Friday. CommVault Systems, Inc. has a 52 week low of $128.07 and a 52 week high of $200.68. The stock has a market capitalization of $8.65 billion, a P/E ratio of 108.12 and a beta of 0.74. The stock's fifty day moving average is $180.48 and its 200 day moving average is $172.43.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The software maker reported $1.01 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 company had revenue of $281.98 million for the quarter, compared to analysts' expectations of $267.83 million. The company'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. Equities research analysts forecast that CommVault Systems, Inc. will post 1.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CVLT shares. DA Davidson increased their price objective on CommVault Systems from $200.00 to $220.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Piper Sandler raised their price target on CommVault Systems from $168.00 to $170.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Wells Fargo & Company raised their price target on CommVault Systems from $190.00 to $220.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Royal Bank Of Canada raised their price target on CommVault Systems from $185.00 to $217.00 and gave the company a "sector perform" rating in a report on Wednesday, July 30th. Finally, Wall Street Zen raised CommVault Systems from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 13th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $205.63.

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.

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