CommVault Systems, Inc. $CVLT Shares Bought by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. raised its holdings in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 13.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,600 shares of the software maker’s stock after purchasing an additional 5,270 shares during the period. Hillsdale Investment Management Inc.’s holdings in CommVault Systems were worth $7,601,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CVLT. Nuveen LLC purchased a new position in CommVault Systems during the 1st quarter worth $116,223,000. Westfield Capital Management Co. LP acquired a new stake in CommVault Systems in the second quarter worth about $58,183,000. Champlain Investment Partners LLC purchased a new stake in shares of CommVault Systems during the first quarter worth about $47,361,000. Wellington Management Group LLP acquired a new position in shares of CommVault Systems during the first quarter valued at about $22,540,000. Finally, Invesco Ltd. raised 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 valued at $280,388,000 after purchasing an additional 117,199 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CVLT shares. Robert W. Baird started coverage on shares of CommVault Systems in a research report on Monday, October 27th. They set an “outperform” rating and a $215.00 target price on the stock. Guggenheim reissued a “buy” rating and set a $220.00 price objective on shares of CommVault Systems in a report on Thursday, October 16th. DA Davidson reissued a “buy” rating and issued a $220.00 target price on shares of CommVault Systems in a research report on Thursday, November 13th. Wells Fargo & Company lowered their price target on CommVault Systems from $220.00 to $190.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Finally, Wall Street Zen downgraded CommVault Systems from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $195.10.

Insider Buying and Selling

In related news, 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 completion of the transaction, the director directly owned 5,166 shares in the company, valued at $918,979.74. The trade was a 11.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Gary Merrill sold 15,244 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $178.01, for a total transaction of $2,713,584.44. Following the sale, the insider directly owned 71,837 shares in the company, valued at $12,787,704.37. This trade represents a 17.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 63,954 shares of company stock valued at $9,611,898. Insiders own 1.00% of the company’s stock.

CommVault Systems Price Performance

NASDAQ:CVLT opened at $117.69 on Friday. The firm’s fifty day moving average is $162.54 and its two-hundred day moving average is $173.00. The firm has a market cap of $5.19 billion, a price-to-earnings ratio of 66.12 and a beta of 0.68. The company has a debt-to-equity ratio of 4.18, a quick ratio of 1.24 and a current ratio of 2.53. CommVault Systems, Inc. has a one year low of $117.40 and a one year high of $200.68.

CommVault Systems (NASDAQ:CVLT) last issued its quarterly earnings data 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). CommVault Systems had a net margin of 7.32% and a return on equity of 31.53%. The company had revenue of $448.85 million during the quarter, compared to analyst estimates of $273.31 million. During the same period last year, the firm earned $0.83 EPS. The business’s quarterly revenue was up 18.4% compared to the same quarter last year. CommVault Systems has set its Q3 2026 guidance at EPS. FY 2026 guidance at EPS. Research analysts expect 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.