Skandinaviska Enskilda Banken AB publ Reduces Position in CommVault Systems, Inc. $CVLT

Skandinaviska Enskilda Banken AB publ lessened its holdings in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 70.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,000 shares of the software maker’s stock after selling 33,100 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in CommVault Systems were worth $2,441,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Brooklyn Investment Group raised 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 valued at $27,000 after purchasing an additional 171 shares during the period. Employees Retirement System of Texas purchased a new position in CommVault Systems in the 2nd quarter valued at approximately $55,000. Northwestern Mutual Wealth Management Co. raised its holdings 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 valued at $81,000 after acquiring an additional 288 shares during the period. Reyes Financial Architecture Inc. purchased a new stake in shares of CommVault Systems during the second quarter worth $98,000. Finally, Spire Wealth Management lifted its position in shares of CommVault Systems by 494.1% during the second quarter. Spire Wealth Management now owns 606 shares of the software maker’s stock worth $106,000 after acquiring an additional 504 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

CommVault Systems Stock Performance

Shares of CVLT opened at $121.17 on Tuesday. CommVault Systems, Inc. has a 12-month low of $116.33 and a 12-month high of $200.68. The company has a current ratio of 2.53, a quick ratio of 1.24 and a debt-to-equity ratio of 4.18. The company has a market cap of $5.34 billion, a PE ratio of 68.08 and a beta of 0.68. The stock has a 50-day moving average price of $153.08 and a 200-day moving average price of $170.29.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings data on Tuesday, October 28th. The software maker reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.04). The company 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 firm’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same quarter last year, the company posted $0.83 earnings per share. CommVault Systems has set its Q3 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, equities analysts forecast that CommVault Systems, Inc. will post 1.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CVLT has been the topic of a number of analyst reports. DA Davidson reiterated a “buy” rating and set a $220.00 price objective on shares of CommVault Systems in a research note on Thursday, November 13th. Wells Fargo & Company reduced their target price on CommVault Systems from $220.00 to $190.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. KeyCorp lowered their price target on shares of CommVault Systems from $225.00 to $185.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. Guggenheim restated a “buy” rating and issued a $220.00 price objective on shares of CommVault Systems in a research report on Thursday, October 16th. Finally, Royal Bank Of Canada decreased their target price on shares of CommVault Systems from $217.00 to $167.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $195.10.

Insider Activity at CommVault Systems

In related news, Director Allison Pickens sold 690 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $177.89, for a total value of $122,744.10. Following the transaction, the director owned 5,166 shares of the company’s stock, valued at $918,979.74. This represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sanjay Mirchandani sold 14,653 shares of CommVault Systems stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $123.65, for a total value of $1,811,843.45. Following the sale, the chief executive officer directly owned 372,369 shares of the company’s stock, valued at approximately $46,043,426.85. This trade represents a 3.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 63,954 shares of company stock worth $9,611,898 over the last quarter. 1.00% of the stock is currently owned by corporate insiders.

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.