R Squared Ltd Takes Position in CommVault Systems, Inc. $CVLT

R Squared Ltd acquired a new stake in CommVault Systems, Inc. (NASDAQ:CVLT) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,410 shares of the software maker’s stock, valued at approximately $246,000.

Several other institutional investors have also bought and sold shares of the company. Ethic Inc. lifted its stake in CommVault Systems by 39.4% in the second quarter. Ethic Inc. now owns 1,805 shares of the software maker’s stock valued at $315,000 after purchasing an additional 510 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in CommVault Systems in the second quarter valued at approximately $2,856,000. WCM Investment Management LLC lifted its stake in CommVault Systems by 6.5% in the second quarter. WCM Investment Management LLC now owns 130,353 shares of the software maker’s stock valued at $22,724,000 after purchasing an additional 7,983 shares during the last quarter. Bayforest Capital Ltd lifted its stake in CommVault Systems by 502.2% in the second quarter. Bayforest Capital Ltd now owns 1,349 shares of the software maker’s stock valued at $235,000 after purchasing an additional 1,125 shares during the last quarter. Finally, Oak Ridge Investments LLC lifted its stake in CommVault Systems by 1.3% in the second quarter. Oak Ridge Investments LLC now owns 46,085 shares of the software maker’s stock valued at $8,034,000 after purchasing an additional 613 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on CVLT. Zacks Research upgraded CommVault Systems from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. Truist Financial started coverage on CommVault Systems in a research report on Wednesday, October 8th. They set a “buy” rating and a $230.00 target price on the stock. Guggenheim restated a “buy” rating and set a $220.00 target price on shares of CommVault Systems in a research report on Thursday, October 16th. DA Davidson increased their target price on CommVault Systems from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Finally, Piper Sandler upgraded CommVault Systems from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $195.00 to $200.00 in a research report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $211.67.

CommVault Systems Price Performance

NASDAQ:CVLT opened at $169.92 on Friday. The company has a market cap of $7.55 billion, a P/E ratio of 94.40 and a beta of 0.72. CommVault Systems, Inc. has a 1 year low of $128.07 and a 1 year high of $200.68. The stock’s fifty day moving average price is $180.75 and its two-hundred day moving average price is $176.28.

CommVault Systems (NASDAQ:CVLT) last released its quarterly earnings results on Tuesday, July 29th. The software maker reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.04. The firm had revenue of $281.98 million for the quarter, compared to analysts’ expectations of $267.83 million. CommVault Systems had a net margin of 7.70% and a return on equity of 30.83%. The company’s revenue was up 26% on a year-over-year basis. CommVault Systems has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. On average, analysts expect that CommVault Systems, Inc. will post 1.65 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Gary Merrill sold 15,244 shares of the company’s stock in a transaction 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 transaction, the insider owned 71,837 shares of the company’s stock, valued at approximately $12,787,704.37. This represents a 17.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Sanjay Mirchandani sold 11,320 shares of the company’s stock in a transaction on Monday, August 18th. The stock was 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 in the company, valued at approximately $81,510,336.63. The trade was a 2.41% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 55,942 shares of company stock worth $10,019,157. Company insiders own 1.00% of the company’s stock.

About CommVault Systems

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.