Geode Capital Management LLC Boosts Stake in CommVault Systems, Inc. $CVLT

Geode Capital Management LLC grew its position in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 2.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,337,403 shares of the software maker’s stock after buying an additional 26,207 shares during the quarter. Geode Capital Management LLC’s holdings in CommVault Systems were worth $233,172,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of CVLT. Frank Rimerman Advisors LLC increased its position 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 acquiring an additional 63 shares during the last quarter. SBI Securities Co. Ltd. boosted its position in CommVault Systems by 101.3% in the first quarter. SBI Securities Co. Ltd. now owns 159 shares of the software maker’s stock worth $25,000 after purchasing an additional 80 shares during the last quarter. GAMMA Investing LLC grew its stake in CommVault Systems by 6.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,422 shares of the software maker’s stock valued at $248,000 after purchasing an additional 80 shares during the period. Vident Advisory LLC increased its position in shares of CommVault Systems by 0.3% during the 1st quarter. Vident Advisory LLC now owns 27,107 shares of the software maker’s stock valued at $4,276,000 after purchasing an additional 91 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its position in shares of CommVault Systems by 0.8% during 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 purchasing an additional 100 shares during the last quarter. 93.50% of the stock is owned by institutional investors.

Insider Buying and Selling at CommVault Systems

In other news, CFO Jennifer Leigh Dirico sold 14,909 shares of CommVault Systems stock in a transaction 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 in the company, valued at approximately $8,225,957.46. The trade was a 24.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Allison Pickens sold 690 shares of the business’s stock in a transaction 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 sale, the director owned 5,166 shares in the company, valued at approximately $918,979.74. The trade was a 11.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 30,843 shares of company stock valued at $5,553,047 in the last 90 days. 1.00% of the stock is currently owned by company insiders.

CommVault Systems Price Performance

NASDAQ CVLT opened at $127.38 on Monday. The company has a quick ratio of 1.24, a current ratio of 2.53 and a debt-to-equity ratio of 4.18. The company has a market cap of $5.62 billion, a PE ratio of 71.56 and a beta of 0.68. CommVault Systems, Inc. has a 52 week low of $121.45 and a 52 week high of $200.68. The firm’s 50-day simple moving average is $167.36 and its two-hundred day simple moving average is $174.40.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings results on Tuesday, October 28th. The software maker reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.04). The business 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 business’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period last year, the firm earned $0.83 EPS. CommVault Systems has set its Q3 2026 guidance at EPS. FY 2026 guidance at EPS. Research analysts predict that CommVault Systems, Inc. will post 1.65 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CVLT. Cantor Fitzgerald cut their price target on shares of CommVault Systems from $189.00 to $144.00 and set a “neutral” rating on the stock in a report on Wednesday, October 29th. Oppenheimer assumed coverage on shares of CommVault Systems in a research report on Monday, November 10th. They issued an “outperform” rating on the stock. KeyCorp dropped their target price on shares of CommVault Systems from $225.00 to $185.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 29th. Zacks Research downgraded shares of CommVault Systems from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, October 31st. Finally, Guggenheim restated a “buy” rating and set a $220.00 price target on shares of CommVault Systems in a research note on Thursday, October 16th. One 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $195.10.

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.