CommVault Systems, Inc. $CVLT Shares Purchased by Oak Ridge Investments LLC

Oak Ridge Investments LLC lifted its holdings in CommVault Systems, Inc. (NASDAQ:CVLT) by 1.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 46,085 shares of the software maker’s stock after acquiring an additional 613 shares during the quarter. Oak Ridge Investments LLC owned 0.10% of CommVault Systems worth $8,034,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CVLT. Nuveen LLC acquired a new stake in shares of CommVault Systems in the first quarter worth $116,223,000. Champlain Investment Partners LLC acquired a new stake in shares of CommVault Systems in the first quarter worth $47,361,000. Wellington Management Group LLP acquired a new stake in shares of CommVault Systems in the first quarter worth $22,540,000. Invesco Ltd. increased its stake in shares of CommVault Systems by 7.1% in the first quarter. Invesco Ltd. now owns 1,777,307 shares of the software maker’s stock worth $280,388,000 after acquiring an additional 117,199 shares during the period. Finally, Allianz Asset Management GmbH increased its stake in shares of CommVault Systems by 25.7% in the first quarter. Allianz Asset Management GmbH now owns 448,860 shares of the software maker’s stock worth $70,812,000 after acquiring an additional 91,739 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

Insider Activity at CommVault Systems

In related news, 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 transaction of $2,713,584.44. Following the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Allison Pickens sold 690 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $177.89, for a total transaction of $122,744.10. Following the sale, the director directly owned 5,166 shares in the company, valued at approximately $918,979.74. The trade was a 11.78% 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 90 days. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on CVLT. Guggenheim set a $220.00 price target on shares of CommVault Systems in a research report on Tuesday, July 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of CommVault Systems in a research report on Wednesday. Wells Fargo & Company boosted their price target on shares of CommVault Systems from $190.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. Piper Sandler boosted their price target on shares of CommVault Systems from $168.00 to $170.00 and gave the stock a “neutral” rating in a research report on Monday, July 14th. Finally, DA Davidson lifted their target price on shares of CommVault Systems from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Seven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $208.33.

CommVault Systems Stock Performance

CommVault Systems stock opened at $170.20 on Friday. The company’s 50 day simple moving average is $183.42 and its 200-day simple moving average is $174.93. 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 1 year low of $128.07 and a 1 year high of $200.68.

CommVault Systems (NASDAQ:CVLT) last released its quarterly earnings results on Tuesday, July 29th. The software maker reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.04. The business had revenue of $281.98 million for 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 for the quarter 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 analysts expect that CommVault Systems, Inc. will post 1.65 earnings per share for the current year.

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.