Louisiana State Employees Retirement System Has $2.16 Million Holdings in CommVault Systems, Inc. $CVLT

Louisiana State Employees Retirement System boosted its position in CommVault Systems, Inc. (NASDAQ:CVLT) by 0.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,400 shares of the software maker’s stock after buying an additional 100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in CommVault Systems were worth $2,162,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CVLT. Nuveen LLC acquired a new position in CommVault Systems in the 1st quarter valued at $116,223,000. Champlain Investment Partners LLC acquired a new position in CommVault Systems in the 1st quarter valued at $47,361,000. Wellington Management Group LLP acquired a new position in CommVault Systems in the 1st quarter valued at $22,540,000. Invesco Ltd. grew its stake in 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 buying an additional 117,199 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its stake in CommVault Systems by 25.7% in the 1st quarter. Allianz Asset Management GmbH now owns 448,860 shares of the software maker’s stock valued at $70,812,000 after buying an additional 91,739 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at CommVault Systems

In related news, CEO Sanjay Mirchandani sold 11,320 shares of CommVault Systems stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $177.83, for a total transaction of $2,013,035.60. Following the completion of the transaction, the chief executive officer directly owned 458,361 shares of the company’s stock, valued at $81,510,336.63. This trade represents a 2.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Gary Merrill sold 15,244 shares of CommVault Systems stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $178.01, for a total transaction of $2,713,584.44. Following the transaction, the insider directly owned 71,837 shares of the company’s stock, valued at $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 over the last quarter. 1.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Wall Street Zen downgraded shares of CommVault Systems from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 21st. Truist Financial assumed coverage on shares of CommVault Systems in a report on Wednesday. They issued a “buy” rating and a $230.00 price target for the company. Royal Bank Of Canada increased their price target on shares of CommVault Systems from $185.00 to $217.00 and gave the company a “sector perform” rating in a report on Wednesday, July 30th. Guggenheim set a $220.00 price target on shares of CommVault Systems in a report on Tuesday, July 29th. Finally, KeyCorp increased their price target on shares of CommVault Systems from $195.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, July 30th. Seven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $208.33.

CommVault Systems Stock Performance

NASDAQ:CVLT opened at $170.20 on Friday. The company has a 50-day moving average of $183.42 and a 200-day moving average of $174.87. The company has a market capitalization of $7.57 billion, a price-to-earnings ratio of 94.56 and a beta of 0.72. CommVault Systems, Inc. has a 52 week low of $128.07 and a 52 week high of $200.68.

CommVault Systems (NASDAQ:CVLT) last released its quarterly earnings data on Tuesday, July 29th. The software maker reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.04. The company had revenue of $281.98 million during the quarter, compared to the consensus estimate of $267.83 million. CommVault Systems had a net margin of 7.70% and a return on equity of 30.83%. CommVault Systems’s 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. Sell-side analysts forecast that CommVault Systems, Inc. will post 1.65 EPS for the current 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.