Geode Capital Management LLC decreased its stake in shares of CommVault Systems, Inc. (NASDAQ:CVLT – Free Report) by 15.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,149,420 shares of the software maker’s stock after selling 207,480 shares during the period. Geode Capital Management LLC’s holdings in CommVault Systems were worth $144,112,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Boston Trust Walden Corp bought a new position in shares of CommVault Systems in the fourth quarter worth about $30,830,000. JPMorgan Chase & Co. lifted its holdings in shares of CommVault Systems by 131.7% in the third quarter. JPMorgan Chase & Co. now owns 382,778 shares of the software maker’s stock worth $72,261,000 after acquiring an additional 217,557 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of CommVault Systems by 19.4% in the third quarter. Victory Capital Management Inc. now owns 118,284 shares of the software maker’s stock worth $22,330,000 after acquiring an additional 19,218 shares during the last quarter. Cookson Peirce & Co. Inc. bought a new position in shares of CommVault Systems in the third quarter worth about $7,265,000. Finally, Westfield Capital Management Co. LP lifted its holdings in shares of CommVault Systems by 135.6% in the third quarter. Westfield Capital Management Co. LP now owns 786,175 shares of the software maker’s stock worth $148,414,000 after acquiring an additional 452,422 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have recently commented on the stock. Jefferies Financial Group assumed coverage on shares of CommVault Systems in a report on Monday, April 27th. They issued a “hold” rating and a $105.00 target price for the company. Scotiabank increased their target price on shares of CommVault Systems from $105.00 to $110.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 29th. Wall Street Zen cut shares of CommVault Systems from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. William Blair reissued a “market perform” rating on shares of CommVault Systems in a report on Monday, March 23rd. Finally, DA Davidson reissued a “buy” rating and issued a $125.00 target price on shares of CommVault Systems in a report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $135.00.
CommVault Systems News Summary
Here are the key news stories impacting CommVault Systems this week:
- Negative Sentiment: Multiple law firms issued fresh notices about a pending class action lawsuit against CommVault, with allegations that the company concealed SaaS mix-shift issues that may have distorted ARR growth and contributed to a sharp share-price decline earlier this year. Article Title
- Negative Sentiment: Additional legal updates from Rosen, Glancy Prongay, Bernstein Liebhard, Robbins Geller, and others remind shareholders of the July 17 lead-plaintiff deadline, reinforcing overhang from the lawsuit and keeping litigation risk in focus. Article Title
- Neutral Sentiment: One market commentary piece revisited CVLT’s valuation after the Q3 2026 miss and the new lawsuits, suggesting investors are reassessing whether the stock’s current valuation adequately reflects the legal and growth-related risks. Article Title
CommVault Systems Stock Up 0.6%
Shares of NASDAQ CVLT opened at $121.55 on Friday. The company has a 50 day simple moving average of $96.84 and a 200 day simple moving average of $103.16. The firm has a market cap of $5.01 billion, a PE ratio of 76.45 and a beta of 0.82. CommVault Systems, Inc. has a 1 year low of $71.75 and a 1 year high of $200.68. The company has a debt-to-equity ratio of 117.54, a current ratio of 1.95 and a quick ratio of 1.95.
CommVault Systems (NASDAQ:CVLT – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The software maker reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.19. The business had revenue of $311.69 million during the quarter, compared to analyst estimates of $306.71 million. CommVault Systems had a net margin of 5.97% and a return on equity of 51.64%. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the business earned $1.03 EPS. On average, research analysts forecast that CommVault Systems, Inc. will post 2.86 EPS for the current year.
Insider Activity at CommVault Systems
In related news, CAO Danielle Nicole Abrahamsen sold 1,065 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $105.84, for a total value of $112,719.60. Following the completion of the transaction, the chief accounting officer owned 13,581 shares in the company, valued at $1,437,413.04. This trade represents a 7.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Sanjay Mirchandani sold 19,396 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $105.49, for a total transaction of $2,046,084.04. Following the completion of the transaction, the chief executive officer owned 315,377 shares of the company’s stock, valued at approximately $33,269,119.73. This trade represents a 5.79% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 75,415 shares of company stock worth $7,369,811 in the last quarter. 1.00% of the stock is owned by insiders.
CommVault Systems Profile
Commvault Systems, Inc is a global provider of data protection and information management software designed to help organizations manage, protect, and activate data across on-premises and cloud environments. Founded in 1996 and headquartered in Tinton Falls, New Jersey, Commvault offers a suite of integrated products and services that enable enterprises to back up, recover, archive, and analyze data. Its flagship solutions include Commvault Complete Data Protection, Commvault HyperScale, and the SaaS-based Metallic portfolio, which deliver scalable and automated data management capabilities across hybrid infrastructure environments.
Commvault’s platform is built on a unified architecture that allows customers to streamline operations, reduce complexity, and ensure data resiliency.
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