CommVault Systems, Inc. $CVLT Stake Boosted by Rhumbline Advisers

Rhumbline Advisers boosted its stake in CommVault Systems, Inc. (NASDAQ:CVLT) by 3.4% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 144,432 shares of the software maker’s stock after purchasing an additional 4,768 shares during the period. Rhumbline Advisers’ holdings in CommVault Systems were worth $25,179,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Frank Rimerman Advisors LLC increased its holdings in shares of CommVault Systems by 3.8% during the first quarter. Frank Rimerman Advisors LLC now owns 1,709 shares of the software maker’s stock valued at $270,000 after purchasing an additional 63 shares during the period. GAMMA Investing LLC lifted its holdings in shares of CommVault Systems by 6.0% in the second quarter. GAMMA Investing LLC now owns 1,422 shares of the software maker’s stock valued at $248,000 after buying an additional 80 shares during the period. Vident Advisory LLC grew its holdings in CommVault Systems by 0.3% during the first quarter. Vident Advisory LLC now owns 27,107 shares of the software maker’s stock worth $4,276,000 after acquiring an additional 91 shares during the period. Louisiana State Employees Retirement System lifted its holdings in CommVault Systems by 0.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 12,400 shares of the software maker’s stock valued at $2,162,000 after acquiring an additional 100 shares during the last quarter. Finally, State of Michigan Retirement System grew its stake in shares of CommVault Systems by 1.0% in the 2nd quarter. State of Michigan Retirement System now owns 10,612 shares of the software maker’s stock worth $1,850,000 after purchasing an additional 100 shares during the last quarter. 93.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CVLT has been the subject of a number of recent research reports. Cantor Fitzgerald cut their price objective on CommVault Systems from $189.00 to $144.00 and set a “neutral” rating for the company in a research report on Wednesday, October 29th. Robert W. Baird initiated coverage on shares of CommVault Systems in a research note on Monday, October 27th. They set an “outperform” rating and a $215.00 price objective for the company. Baird R W raised shares of CommVault Systems to a “strong-buy” rating in a research report on Monday, October 27th. Weiss Ratings restated a “hold (c)” rating on shares of CommVault Systems in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada lowered their price objective on shares of CommVault Systems from $217.00 to $167.00 and set a “sector perform” rating on the stock in a research 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 given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, CommVault Systems presently has a consensus rating of “Moderate Buy” and an average price target of $195.10.

CommVault Systems Stock Performance

Shares of CVLT stock opened at $123.26 on Thursday. CommVault Systems, Inc. has a fifty-two week low of $116.33 and a fifty-two week high of $200.68. The stock’s 50-day moving average is $157.39 and its two-hundred day moving average is $171.56. The company has a debt-to-equity ratio of 4.18, a current ratio of 2.53 and a quick ratio of 1.24. The firm has a market cap of $5.44 billion, a P/E ratio of 69.25 and a beta of 0.68.

CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings results on Tuesday, October 28th. The software maker reported $0.91 EPS 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 the consensus estimate of $273.31 million. CommVault Systems had a net margin of 7.32% and a return on equity of 31.53%. The company’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.83 EPS. CommVault Systems has set its Q3 2026 guidance at EPS. FY 2026 guidance at EPS. Analysts predict that CommVault Systems, Inc. will post 1.65 earnings per share for the current fiscal year.

Insider Buying and Selling at CommVault Systems

In related news, CEO Sanjay Mirchandani sold 13,109 shares of the company’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $121.15, for a total value of $1,588,155.35. Following the completion of the sale, the chief executive officer directly owned 359,260 shares in the company, valued at approximately $43,524,349. This represents a 3.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Gary Merrill sold 1,845 shares of the stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $122.40, for a total transaction of $225,828.00. Following the transaction, the insider directly owned 67,318 shares in the company, valued at $8,239,723.20. The trade was a 2.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 63,954 shares of company stock worth $9,611,898 in the last 90 days. 1.00% of the stock is currently owned by company insiders.

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.