Y Intercept Hong Kong Ltd Makes New Investment in CommVault Systems, Inc. $CVLT

Y Intercept Hong Kong Ltd purchased a new position in shares of CommVault Systems, Inc. (NASDAQ:CVLT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,534 shares of the software maker’s stock, valued at approximately $1,313,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Frank Rimerman Advisors LLC boosted its position in 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 in the last quarter. SBI Securities Co. Ltd. boosted its position in CommVault Systems by 101.3% during the first 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 in the last quarter. GAMMA Investing LLC boosted its position in CommVault Systems by 6.0% during the second 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 in the last quarter. Vident Advisory LLC boosted its position in CommVault Systems by 0.3% during the first 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 in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in CommVault Systems by 1.1% during the first quarter. Oregon Public Employees Retirement Fund now owns 8,979 shares of the software maker’s stock valued at $1,417,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Insider Transactions at CommVault Systems

In other news, insider Gary Merrill sold 15,244 shares of the firm’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $178.01, for a total value of $2,713,584.44. Following the completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Jennifer Leigh Dirico sold 14,909 shares of the firm’s stock in a transaction dated 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 owned 45,143 shares of the company’s stock, valued at approximately $8,225,957.46. The trade was a 24.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 55,942 shares of company stock valued at $10,019,157. 1.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Robert W. Baird assumed coverage on CommVault Systems in a report on Monday, October 27th. They issued an “outperform” rating and a $215.00 price target for the company. DA Davidson raised their price target on CommVault Systems from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Piper Sandler raised CommVault Systems from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $195.00 to $200.00 in a report on Monday, October 13th. Cantor Fitzgerald lowered their price target on CommVault Systems from $189.00 to $144.00 and set a “neutral” rating for the company in a report on Wednesday, October 29th. Finally, Truist Financial lowered their price target on CommVault Systems from $230.00 to $210.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, CommVault Systems presently has an average rating of “Moderate Buy” and a consensus target price of $195.10.

CommVault Systems Trading Up 1.2%

Shares of NASDAQ:CVLT opened at $139.22 on Monday. CommVault Systems, Inc. has a 52-week low of $128.07 and a 52-week high of $200.68. The stock has a market cap of $6.14 billion, a price-to-earnings ratio of 78.21 and a beta of 0.72. 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 business has a 50-day moving average price of $177.69 and a 200-day moving average price of $176.36.

CommVault Systems (NASDAQ:CVLT) last announced 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 return on equity of 31.53% and a net margin of 7.32%.The firm had revenue of $276.19 million during the quarter, compared to analysts’ expectations of $273.31 million. During the same quarter in the previous year, the business earned $0.83 earnings per share. The company’s revenue for the quarter 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. Equities analysts predict that CommVault Systems, Inc. will post 1.65 EPS for the current year.

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.