646 Shares in CommVault Systems, Inc. $CVLT Bought by Hennessy Advisors Inc.

Hennessy Advisors Inc. acquired a new position in shares of CommVault Systems, Inc. (NASDAQ:CVLT) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 646 shares of the software maker’s stock, valued at approximately $113,000.

A number of other institutional investors have also made changes to their positions in the stock. Frank Rimerman Advisors LLC grew its stake in shares of CommVault Systems by 3.8% during the first quarter. Frank Rimerman Advisors LLC now owns 1,709 shares of the software maker’s stock worth $270,000 after purchasing an additional 63 shares during the period. NorthCrest Asset Manangement LLC grew its stake in shares of CommVault Systems by 1.3% during the first quarter. NorthCrest Asset Manangement LLC now owns 5,753 shares of the software maker’s stock worth $908,000 after purchasing an additional 72 shares during the period. SBI Securities Co. Ltd. grew its stake in shares of CommVault Systems by 101.3% during the first quarter. SBI Securities Co. Ltd. now owns 159 shares of the software maker’s stock worth $25,000 after purchasing an additional 80 shares during the period. GAMMA Investing LLC grew its stake in shares of CommVault Systems by 6.0% during the second quarter. GAMMA Investing LLC now owns 1,422 shares of the software maker’s stock worth $248,000 after purchasing an additional 80 shares during the period. Finally, Johnson Investment Counsel Inc. grew its stake in shares of CommVault Systems by 6.7% during the first quarter. Johnson Investment Counsel Inc. now owns 1,451 shares of the software maker’s stock worth $229,000 after purchasing an additional 91 shares during the period. 93.50% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at CommVault Systems

In other news, CEO Sanjay Mirchandani sold 11,320 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 458,361 shares of the company’s stock, valued at approximately $81,510,336.63. This represents a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gary Merrill sold 15,244 shares of the company’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 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. The trade was a 17.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,942 shares of company stock worth $10,019,157 over the last three months. Company insiders own 1.00% of the company’s stock.

CommVault Systems Stock Down 1.9%

NASDAQ:CVLT opened at $180.30 on Monday. The stock’s 50 day moving average price is $184.40 and its two-hundred day moving average price is $174.75. The firm has a market capitalization of $8.02 billion, a price-to-earnings ratio of 100.17 and a beta of 0.72. CommVault Systems, Inc. has a 12-month low of $128.07 and a 12-month high of $200.68.

CommVault Systems (NASDAQ:CVLT) last released its quarterly earnings data on Tuesday, July 29th. The software maker reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.04. The firm had revenue of $281.98 million for the quarter, compared to analyst estimates of $267.83 million. CommVault Systems had a return on equity of 30.83% and a net margin of 7.70%.The business’s quarterly 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. Equities research analysts expect that CommVault Systems, Inc. will post 1.65 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. DA Davidson lifted their target price on CommVault Systems from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Wells Fargo & Company lifted their target price on CommVault Systems from $190.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. Guggenheim set a $220.00 target price on CommVault Systems in a report on Tuesday, July 29th. Wall Street Zen lowered CommVault Systems from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 21st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of CommVault Systems in a report on Saturday, September 27th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $205.63.

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.