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

New York State Teachers Retirement System cut its holdings in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 6.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 58,985 shares of the software maker’s stock after selling 4,212 shares during the quarter. New York State Teachers Retirement System owned approximately 0.13% of CommVault Systems worth $10,283,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. increased its position in shares of CommVault Systems by 101.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 159 shares of the software maker’s stock valued at $25,000 after purchasing an additional 80 shares during the last quarter. Cullen Frost Bankers Inc. bought a new position in shares of CommVault Systems during the 1st quarter worth $27,000. Brooklyn Investment Group grew its stake in shares of CommVault Systems by 8,550.0% during the 1st quarter. Brooklyn Investment Group now owns 173 shares of the software maker’s stock worth $27,000 after acquiring an additional 171 shares during the period. Fifth Third Bancorp grew its stake in shares of CommVault Systems by 34.0% during the 1st quarter. Fifth Third Bancorp now owns 465 shares of the software maker’s stock worth $73,000 after acquiring an additional 118 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of CommVault Systems by 126.3% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 516 shares of the software maker’s stock worth $81,000 after acquiring an additional 288 shares during the period. 93.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CVLT has been the subject of several research reports. Piper Sandler upgraded CommVault Systems from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $195.00 to $200.00 in a research note on Monday, October 13th. Truist Financial initiated coverage on CommVault Systems in a research note on Wednesday, October 8th. They set a “buy” rating and a $230.00 price target for the company. Royal Bank Of Canada increased 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. Wells Fargo & Company increased their price target on CommVault Systems from $190.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of CommVault Systems in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $211.67.

CommVault Systems Stock Up 0.7%

Shares of NASDAQ 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 business has a 50-day simple moving average of $182.22 and a two-hundred day simple moving average of $175.28. The company has a market cap of $7.64 billion, a P/E ratio of 95.50 and a beta of 0.72.

CommVault Systems (NASDAQ:CVLT) last issued its earnings results on Tuesday, July 29th. The software maker reported $1.01 EPS for the quarter, topping the consensus estimate of $0.97 by $0.04. The business had revenue of $281.98 million during the quarter, compared to the consensus estimate of $267.83 million. CommVault Systems had a return on equity of 30.83% and a net margin of 7.70%.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. Equities research analysts anticipate that CommVault Systems, Inc. will post 1.65 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Jennifer Leigh Dirico sold 14,909 shares of CommVault Systems stock in a transaction dated 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 completion of the sale, the chief financial officer owned 45,143 shares in the company, valued at approximately $8,225,957.46. This trade represents a 24.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sanjay Mirchandani sold 11,320 shares of CommVault Systems stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $177.83, for a total value of $2,013,035.60. Following the sale, the chief executive officer owned 458,361 shares of the company’s stock, valued at approximately $81,510,336.63. This trade represents a 2.41% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,942 shares of company stock worth $10,019,157. Insiders own 1.00% of the company’s stock.

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.