CommVault Systems, Inc. $CVLT Position Reduced by KBC Group NV

KBC Group NV reduced its stake in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 39.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,242 shares of the software maker’s stock after selling 824 shares during the period. KBC Group NV’s holdings in CommVault Systems were worth $217,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CVLT. Nuveen LLC bought a new position in shares of CommVault Systems during the first quarter worth about $116,223,000. Champlain Investment Partners LLC acquired a new stake in CommVault Systems during the first quarter valued at approximately $47,361,000. Wellington Management Group LLP bought a new position in CommVault Systems during the 1st quarter worth approximately $22,540,000. Invesco Ltd. grew its position in shares of CommVault Systems by 7.1% in the 1st quarter. Invesco Ltd. now owns 1,777,307 shares of the software maker’s stock worth $280,388,000 after acquiring an additional 117,199 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its position in shares of CommVault Systems by 25.7% in the 1st quarter. Allianz Asset Management GmbH now owns 448,860 shares of the software maker’s stock worth $70,812,000 after acquiring an additional 91,739 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Oppenheimer started coverage on CommVault Systems in a research report on Monday, November 10th. They set an “outperform” rating on the stock. Cantor Fitzgerald reduced their price target on shares of CommVault Systems from $189.00 to $144.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 29th. DA Davidson reaffirmed a “buy” rating and issued a $220.00 price target on shares of CommVault Systems in a report on Thursday, November 13th. Piper Sandler raised shares of CommVault Systems from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $195.00 to $200.00 in a research report on Monday, October 13th. Finally, Truist Financial cut their target price on shares of CommVault Systems from $230.00 to $210.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $195.10.

Insider Transactions at CommVault Systems

In related news, CFO Jennifer Leigh Dirico sold 14,909 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $182.22, for a total value of $2,716,717.98. Following the completion of the transaction, the chief financial officer directly owned 45,143 shares of the company’s stock, valued at $8,225,957.46. This represents a 24.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Allison Pickens sold 690 shares of the firm’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 completion of the sale, the director owned 5,166 shares in the company, valued at approximately $918,979.74. This represents a 11.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 30,843 shares of company stock worth $5,553,047. Company insiders own 1.00% of the company’s stock.

CommVault Systems Stock Down 2.6%

CVLT stock opened at $122.54 on Wednesday. The company has a quick ratio of 1.24, a current ratio of 2.53 and a debt-to-equity ratio of 4.18. CommVault Systems, Inc. has a fifty-two week low of $121.45 and a fifty-two week high of $200.68. The firm’s 50-day simple moving average is $164.95 and its 200 day simple moving average is $173.76. The stock has a market cap of $5.40 billion, a PE ratio of 68.84 and a beta of 0.68.

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

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.