Beacon Harbor Wealth Advisors Inc. Reduces Position in CommVault Systems, Inc. $CVLT

Beacon Harbor Wealth Advisors Inc. cut its holdings in CommVault Systems, Inc. (NASDAQ:CVLT) by 11.3% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 33,065 shares of the software maker’s stock after selling 4,211 shares during the period. Beacon Harbor Wealth Advisors Inc.’s holdings in CommVault Systems were worth $5,764,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of CVLT. Versor Investments LP increased its stake in CommVault Systems by 158.6% in the second quarter. Versor Investments LP now owns 4,396 shares of the software maker’s stock valued at $766,000 after acquiring an additional 2,696 shares during the last quarter. New York Life Investment Management LLC purchased a new position in shares of CommVault Systems in the 2nd quarter worth about $799,000. Emerald Mutual Fund Advisers Trust increased its position in shares of CommVault Systems by 18.4% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 42,411 shares of the software maker’s stock valued at $7,394,000 after purchasing an additional 6,599 shares during the last quarter. Raymond James Financial Inc. raised its holdings in shares of CommVault Systems by 178.6% during the 1st quarter. Raymond James Financial Inc. now owns 51,966 shares of the software maker’s stock valued at $8,199,000 after buying an additional 33,315 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in shares of CommVault Systems by 19,656.7% during the 2nd quarter. Allworth Financial LP now owns 11,854 shares of the software maker’s stock valued at $2,067,000 after buying an additional 11,794 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

CommVault Systems Trading Up 0.6%

NASDAQ:CVLT opened at $127.38 on Friday. The company has a 50-day moving average price of $167.36 and a 200-day moving average price of $174.31. The stock has a market cap of $5.62 billion, a price-to-earnings ratio of 71.56 and a beta of 0.68. The company has a current ratio of 2.53, a quick ratio of 1.24 and a debt-to-equity ratio of 4.18. CommVault Systems, Inc. has a 12 month low of $121.45 and a 12 month high of $200.68.

CommVault Systems (NASDAQ:CVLT) last issued its quarterly earnings data on Tuesday, October 28th. The software maker reported $0.91 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 company had revenue of $448.85 million during the quarter, compared to analysts’ expectations of $273.31 million. During the same quarter last year, the business earned $0.83 earnings per share. The business’s quarterly revenue was up 18.4% on a year-over-year basis. 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.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Wall Street Zen cut shares of CommVault Systems from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. KeyCorp reduced their target price 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. Royal Bank Of Canada lowered their price target on shares of CommVault Systems from $217.00 to $167.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 29th. Baird R W raised CommVault Systems to a “strong-buy” rating in a research note on Monday, October 27th. Finally, Piper Sandler raised CommVault Systems from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $195.00 to $200.00 in a research note on Monday, October 13th. One investment 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.10.

Insider Buying and Selling at CommVault Systems

In other CommVault Systems news, insider Gary Merrill sold 15,244 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the insider owned 71,837 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through this link. Also, CEO Sanjay Mirchandani sold 11,320 shares of the business’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $177.83, for a total value of $2,013,035.60. Following the completion of the sale, the chief executive officer directly owned 458,361 shares in the company, valued at $81,510,336.63. This trade represents a 2.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 55,942 shares of company stock worth $10,019,157. Corporate insiders own 1.00% of the company’s stock.

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.