New York State Teachers Retirement System Decreases Holdings in CommVault Systems, Inc. $CVLT

New York State Teachers Retirement System trimmed its position in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 6.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,985 shares of the software maker’s stock after selling 4,212 shares during the period. New York State Teachers Retirement System’s holdings in CommVault Systems were worth $10,283,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Invesco Ltd. raised its holdings in shares of 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 buying an additional 117,199 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of CommVault Systems by 2.9% during 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 shares of CommVault Systems during the 1st quarter valued at about $116,223,000. Goldman Sachs Group Inc. raised its holdings in shares of CommVault Systems by 6.1% during 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. raised its holdings in shares of CommVault Systems by 1.9% during the 2nd 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. 93.50% of the stock is owned by hedge funds and other institutional investors.

CommVault Systems Stock Performance

CVLT opened at $171.90 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 $7.64 billion, a PE ratio of 95.50 and a beta of 0.72. The stock’s 50 day moving average price is $182.22 and its 200-day moving average price is $175.28.

CommVault Systems (NASDAQ:CVLT) last posted its earnings results on Tuesday, July 29th. The software maker reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.04. CommVault Systems had a return on equity of 30.83% and a net margin of 7.70%.The firm had revenue of $281.98 million for the quarter, compared to analysts’ expectations of $267.83 million. CommVault Systems’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. Research analysts forecast that CommVault Systems, Inc. will post 1.65 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Jennifer Leigh Dirico sold 14,909 shares of the business’s stock in a transaction that occurred 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 directly owned 45,143 shares of the company’s stock, valued at approximately $8,225,957.46. The trade was a 24.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Allison Pickens sold 690 shares of the business’s stock in a transaction that occurred 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. This trade represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,942 shares of company stock valued at $10,019,157 over the last three months. 1.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have commented on CVLT. Wall Street Zen cut CommVault Systems from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 21st. KeyCorp lifted their price target on CommVault Systems from $195.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. Royal Bank Of Canada lifted their price target 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. Zacks Research raised CommVault Systems from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. Finally, Truist Financial began coverage on CommVault Systems in a research note on Wednesday, October 8th. They issued a “buy” rating and a $230.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $211.67.

CommVault Systems 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.