CommVault Systems, Inc. $CVLT Shares Sold by Norden Group LLC

Norden Group LLC lowered its holdings in CommVault Systems, Inc. (NASDAQ:CVLT) by 9.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,394 shares of the software maker’s stock after selling 352 shares during the quarter. Norden Group LLC’s holdings in CommVault Systems were worth $592,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Frank Rimerman Advisors LLC lifted its position in CommVault Systems by 3.8% in the first quarter. Frank Rimerman Advisors LLC now owns 1,709 shares of the software maker’s stock valued at $270,000 after buying an additional 63 shares during the last quarter. NorthCrest Asset Manangement LLC raised its stake in shares of CommVault Systems by 1.3% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 5,753 shares of the software maker’s stock valued at $908,000 after acquiring an additional 72 shares during the period. SBI Securities Co. Ltd. boosted 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 worth $25,000 after purchasing an additional 80 shares during the period. GAMMA Investing LLC boosted its position in shares of CommVault Systems by 6.0% during the 2nd quarter. GAMMA Investing LLC now owns 1,422 shares of the software maker’s stock worth $248,000 after purchasing an additional 80 shares during the period. Finally, Johnson Investment Counsel Inc. increased its holdings in CommVault Systems by 6.7% in the 1st quarter. Johnson Investment Counsel Inc. now owns 1,451 shares of the software maker’s stock valued at $229,000 after purchasing an additional 91 shares during the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CVLT. Wall Street Zen cut CommVault Systems from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 21st. KeyCorp boosted their price target on shares of CommVault Systems from $195.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. Piper Sandler raised their price objective on shares of CommVault Systems from $168.00 to $170.00 and gave the company a “neutral” rating in a research note on Monday, July 14th. Wells Fargo & Company lifted their price objective on shares of CommVault Systems from $190.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, July 30th. Finally, Guggenheim set a $220.00 target price on shares of CommVault Systems in a report on Tuesday, July 29th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, CommVault Systems has an average rating of “Moderate Buy” and a consensus target price of $205.63.

Insider Activity

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 transaction of $122,744.10. Following the completion of the transaction, 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. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Gary Merrill sold 15,244 shares of the firm’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $178.01, for a total value of $2,713,584.44. Following the completion of the sale, the insider owned 71,837 shares in the company, valued at approximately $12,787,704.37. This represents a 17.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,942 shares of company stock valued at $10,019,157 in the last 90 days. Company insiders own 1.00% of the company’s stock.

CommVault Systems Stock Performance

Shares of CommVault Systems stock opened at $185.84 on Friday. The business has a 50-day simple moving average of $182.06 and a 200-day simple moving average of $173.31. CommVault Systems, Inc. has a one year low of $128.07 and a one year high of $200.68. The company has a market cap of $8.26 billion, a PE ratio of 103.24 and a beta of 0.74.

CommVault Systems (NASDAQ:CVLT) last issued its quarterly earnings results on Tuesday, July 29th. The software maker reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.04. CommVault Systems had a net margin of 7.70% and a return on equity of 30.83%. The company had revenue of $281.98 million during the quarter, compared to the consensus estimate of $267.83 million. The business’s quarterly revenue was up 26% compared to the same quarter last year. CommVault Systems has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. On average, sell-side analysts predict that CommVault Systems, Inc. will post 1.65 earnings per share for the current fiscal year.

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.