Global Retirement Partners LLC Purchases New Shares in CommVault Systems, Inc. $CVLT

Global Retirement Partners LLC acquired a new position in shares of CommVault Systems, Inc. (NASDAQ:CVLT) during the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 2,749 shares of the software maker’s stock, valued at approximately $479,000.

A number of other hedge funds also recently bought and sold shares of CVLT. Brooklyn Investment Group increased its position in shares of CommVault Systems by 8,550.0% in the first quarter. Brooklyn Investment Group now owns 173 shares of the software maker’s stock worth $27,000 after acquiring an additional 171 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in 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 purchasing an additional 288 shares in the last quarter. Reyes Financial Architecture Inc. acquired a new stake in CommVault Systems during the 2nd quarter valued at $98,000. Spire Wealth Management lifted its holdings in shares of CommVault Systems by 494.1% in the second quarter. Spire Wealth Management now owns 606 shares of the software maker’s stock valued at $106,000 after purchasing an additional 504 shares in the last quarter. Finally, Hennessy Advisors Inc. acquired a new stake in shares of CommVault Systems in the second quarter worth $113,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at CommVault Systems

In other CommVault Systems news, Director Allison Pickens sold 690 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $177.89, for a total transaction of $122,744.10. Following the transaction, the director directly owned 5,166 shares in the company, valued at $918,979.74. This trade represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jennifer Leigh Dirico sold 14,909 shares of the company’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 sale, the chief financial officer owned 45,143 shares of the company’s stock, valued at approximately $8,225,957.46. This trade represents a 24.83% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 63,954 shares of company stock valued at $9,611,898. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Truist Financial reduced their price objective on CommVault Systems from $230.00 to $210.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. Piper Sandler raised shares of 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 report on Monday, October 13th. Baird R W upgraded shares of CommVault Systems to a “strong-buy” rating in a report on Monday, October 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of CommVault Systems in a research note on Wednesday, October 8th. Finally, DA Davidson reissued a “buy” rating and set a $220.00 target price on shares of CommVault Systems in a research note on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $195.10.

CommVault Systems Price Performance

Shares of CVLT opened at $123.55 on Friday. The firm has a market cap of $5.45 billion, a PE ratio of 69.41 and a beta of 0.68. The firm’s 50 day moving average price is $154.53 and its 200 day moving average price is $170.78. 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 twelve month low of $116.33 and a twelve month high of $200.68.

CommVault Systems (NASDAQ:CVLT) last posted its earnings results on Tuesday, October 28th. The software maker reported $0.91 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.04). The business had revenue of $276.19 million during the quarter, compared to the consensus estimate of $273.31 million. CommVault Systems had a return on equity of 31.53% and a net margin of 7.32%.The business’s revenue was up 18.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.83 earnings per share. CommVault Systems has set its Q3 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, research analysts expect that CommVault Systems, Inc. will post 1.65 EPS for the current fiscal 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.