CommVault Systems, Inc. $CVLT Shares Sold by KBC Group NV

KBC Group NV lessened its stake in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 39.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,242 shares of the software maker’s stock after selling 824 shares during the quarter. KBC Group NV’s holdings in CommVault Systems were worth $217,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Invesco Ltd. boosted its stake in CommVault Systems by 7.1% during the 1st quarter. Invesco Ltd. now owns 1,777,307 shares of the software maker’s stock valued at $280,388,000 after purchasing an additional 117,199 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of CommVault Systems by 2.9% in the first 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 during the period. Nuveen LLC acquired a new stake in shares of CommVault Systems in the first quarter valued at $116,223,000. Goldman Sachs Group Inc. boosted its stake in CommVault Systems by 6.1% during the first 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. boosted its stake in CommVault Systems by 1.9% during the second quarter. Congress Asset Management Co. now owns 570,888 shares of the software maker’s stock valued at $99,523,000 after buying an additional 10,446 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Insider Buying and Selling at CommVault Systems

In other news, CFO Jennifer Leigh Dirico sold 14,909 shares of CommVault Systems stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $182.22, for a total transaction of $2,716,717.98. Following the transaction, the chief financial officer owned 45,143 shares in the company, valued at approximately $8,225,957.46. The trade was a 24.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Allison Pickens sold 690 shares of the company’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $177.89, for a total value of $122,744.10. Following the transaction, the director directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 30,843 shares of company stock valued at $5,553,047 in the last three months. 1.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have commented on CVLT shares. Zacks Research cut shares of CommVault Systems from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, October 31st. Guggenheim reaffirmed a “buy” rating and issued a $220.00 price objective on shares of CommVault Systems in a research note on Thursday, October 16th. Oppenheimer began coverage on shares of CommVault Systems in a report on Monday, November 10th. They issued an “outperform” rating on the stock. Cantor Fitzgerald reduced their target price on shares of CommVault Systems from $189.00 to $144.00 and set a “neutral” rating for the company in a report on Wednesday, October 29th. Finally, Truist Financial decreased their price target on shares of CommVault Systems from $230.00 to $210.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $195.10.

CommVault Systems Price Performance

NASDAQ CVLT opened at $122.54 on Wednesday. CommVault Systems, Inc. has a 1 year low of $121.45 and a 1 year high of $200.68. The stock’s 50-day moving average price is $164.95 and its two-hundred day moving average price is $173.76. The company has a market cap of $5.40 billion, a PE ratio of 68.84 and a beta of 0.68. The company has a current ratio of 2.53, a quick ratio of 1.24 and a debt-to-equity ratio of 4.18.

CommVault Systems (NASDAQ:CVLT) last released its earnings results on Tuesday, October 28th. The software maker reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.04). The firm had revenue of $448.85 million during the quarter, compared to analysts’ expectations of $273.31 million. CommVault Systems had a return on equity of 31.53% and a net margin of 7.32%.The business’s revenue was up 18.4% on a year-over-year basis. During the same period last year, the business earned $0.83 earnings per share. CommVault Systems has set its Q3 2026 guidance at EPS. FY 2026 guidance at EPS. On average, analysts predict that CommVault Systems, Inc. will post 1.65 EPS for the current year.

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.