16,381 Shares in CommVault Systems, Inc. $CVLT Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of CommVault Systems, Inc. (NASDAQ:CVLT) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 16,381 shares of the software maker’s stock, valued at approximately $2,856,000.

Several other institutional investors and hedge funds have also bought and sold shares of CVLT. WCM Investment Management LLC raised its holdings in CommVault Systems by 6.5% during the second quarter. WCM Investment Management LLC now owns 130,353 shares of the software maker’s stock worth $22,724,000 after buying an additional 7,983 shares during the last quarter. Bayforest Capital Ltd raised its holdings in CommVault Systems by 502.2% during the second quarter. Bayforest Capital Ltd now owns 1,349 shares of the software maker’s stock worth $235,000 after buying an additional 1,125 shares during the last quarter. Oak Ridge Investments LLC raised its holdings in CommVault Systems by 1.3% during the second quarter. Oak Ridge Investments LLC now owns 46,085 shares of the software maker’s stock worth $8,034,000 after buying an additional 613 shares during the last quarter. Blue Trust Inc. raised its holdings in CommVault Systems by 16.4% during the second quarter. Blue Trust Inc. now owns 1,495 shares of the software maker’s stock worth $261,000 after buying an additional 211 shares during the last quarter. Finally, Callan Family Office LLC acquired a new position in CommVault Systems during the second quarter worth $414,000. 93.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on CVLT shares. Truist Financial started coverage on shares of CommVault Systems in a report on Wednesday, October 8th. They set a “buy” rating and a $230.00 price objective on the stock. Guggenheim restated a “buy” rating and set a $220.00 price objective on shares of CommVault Systems in a report on Thursday, October 16th. Wall Street Zen downgraded shares of CommVault Systems from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 21st. KeyCorp increased their target price on shares of CommVault Systems from $195.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, July 30th. Finally, Piper Sandler upgraded shares of CommVault Systems from a “neutral” rating to an “overweight” rating and increased their target price for the company from $195.00 to $200.00 in a report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $211.67.

CommVault Systems Price Performance

Shares of CVLT stock opened at $174.89 on Wednesday. The firm has a 50-day moving average of $181.68 and a 200-day moving average of $175.69. The company has a market cap of $7.78 billion, a P/E ratio of 97.16 and a beta of 0.72. CommVault Systems, Inc. has a one year low of $128.07 and a one year high of $200.68.

CommVault Systems (NASDAQ:CVLT) last announced its earnings results on Tuesday, July 29th. The software maker reported $1.01 EPS for the quarter, beating the consensus estimate of $0.97 by $0.04. The company had revenue of $281.98 million during the quarter, compared to the consensus estimate of $267.83 million. CommVault Systems had a net margin of 7.70% and a return on equity of 30.83%. The company’s quarterly revenue was up 26% on a year-over-year basis. CommVault Systems has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. As a group, research analysts expect that CommVault Systems, Inc. will post 1.65 earnings per share for the current fiscal year.

Insider Activity at CommVault Systems

In related news, insider Gary Merrill sold 15,244 shares of the firm’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $178.01, for a total transaction of $2,713,584.44. Following the completion of the sale, the insider owned 71,837 shares in the company, valued at approximately $12,787,704.37. This trade represents a 17.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Allison Pickens sold 690 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $177.89, for a total transaction of $122,744.10. Following the sale, the director owned 5,166 shares of the company’s stock, valued at $918,979.74. This trade represents a 11.78% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,942 shares of company stock worth $10,019,157. 1.00% of the stock is currently owned by corporate insiders.

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.