Wellington Management Group LLP Makes New Investment in CommVault Systems, Inc. $CVLT

Key Points

• Wellington Management Group LLP has acquired a new position in CommVault Systems, purchasing 142,877 shares valued at approximately $22.5 million, representing 0.32% ownership of the company.
• CommVault reported a 26% increase in quarterly revenue year-over-year, with earnings per share of $1.01, beating analysts' expectations of $0.97.
• Despite recent insider sales and some analysts lowering ratings, there is a consensus among analysts that the stock has a “Moderate Buy” rating with a target price of approximately $205.63.

Wellington Management Group LLP acquired a new stake in CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 142,877 shares of the software maker's stock, valued at approximately $22,540,000. Wellington Management Group LLP owned approximately 0.32% of CommVault Systems as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. grew its stake in CommVault Systems by 101.3% in 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 in the last quarter. Quarry LP boosted its position in CommVault Systems by 888.2% during 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 in the last quarter. Cullen Frost Bankers Inc. bought a new stake in CommVault Systems during the 1st quarter valued at $27,000. Whipplewood Advisors LLC boosted its position in CommVault Systems by 584.0% during the 1st quarter. Whipplewood Advisors LLC now owns 171 shares of the software maker's stock valued at $27,000 after acquiring an additional 146 shares in the last quarter. Finally, Brooklyn Investment Group boosted its position in CommVault Systems by 8,550.0% during the 1st quarter. Brooklyn Investment Group now owns 173 shares of the software maker's stock valued at $27,000 after acquiring an additional 171 shares in the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CVLT has been the subject of several analyst reports. Wall Street Zen lowered CommVault Systems from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Guggenheim set a $220.00 target price on CommVault Systems in a research note on Tuesday, July 29th. DA Davidson raised their target price on CommVault Systems from $200.00 to $220.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Royal Bank Of Canada raised their target price on CommVault Systems from $185.00 to $217.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 30th. Finally, KeyCorp increased their price target on CommVault Systems from $195.00 to $225.00 and gave the stock an "overweight" rating in a research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $205.63.

CommVault Systems Price Performance

CVLT stock traded up $3.56 during trading on Thursday, hitting $187.74. The stock had a trading volume of 259,210 shares, compared to its average volume of 443,725. CommVault Systems, Inc. has a twelve month low of $128.07 and a twelve month high of $200.68. The stock has a market capitalization of $8.35 billion, a P/E ratio of 104.30 and a beta of 0.70. The company's 50-day moving average price is $176.68 and its two-hundred day moving average price is $171.54.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last released its earnings results on Tuesday, July 29th. The software maker reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.04. CommVault Systems had a net margin of 7.70% and a return on equity of 30.83%. The business had revenue of $281.98 million for the quarter, compared to analyst estimates of $267.83 million. The firm's revenue for the quarter 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. As a group, sell-side analysts expect that CommVault Systems, Inc. will post 1.65 EPS for the current fiscal year.

Insider Activity at CommVault Systems

In other CommVault Systems news, insider Gary Merrill sold 2,628 shares of the company's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $178.03, for a total transaction of $467,862.84. Following the transaction, the insider directly owned 87,081 shares in the company, valued at $15,503,030.43. This represents a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sanjay Mirchandani sold 11,320 shares of the company'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 owned 458,361 shares in the company, valued at $81,510,336.63. This trade represents a 2.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,099 shares of company stock worth $4,466,111. Insiders own 1.00% of the company's stock.

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.