Callan Family Office LLC Buys Shares of 2,375 CommVault Systems, Inc. $CVLT

Key Points

• Callan Family Office LLC has acquired 2,375 shares of CommVault Systems, Inc. valued at approximately $414,000, as reported in their recent 13F filing with the SEC.
• Institutional investors own approximately 93.50% of CommVault's stock, highlighting significant institutional interest in the company.
• Analysts are optimistic about CommVault Systems, with several raising their target prices significantly; for instance, KeyCorp increased its target from $195 to $225, reflecting a positive outlook on the stock's performance.

Callan Family Office LLC purchased a new stake in shares of CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,375 shares of the software maker's stock, valued at approximately $414,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CVLT. GAMMA Investing LLC boosted its holdings in CommVault Systems by 33.4% during the first quarter. GAMMA Investing LLC now owns 1,342 shares of the software maker's stock valued at $212,000 after purchasing an additional 336 shares in the last quarter. Fifth Third Bancorp boosted its holdings in CommVault Systems by 34.0% during the first quarter. Fifth Third Bancorp now owns 465 shares of the software maker's stock valued at $73,000 after purchasing an additional 118 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in CommVault Systems during the first quarter valued at approximately $243,000. CWA Asset Management Group LLC boosted its holdings in shares of CommVault Systems by 24.2% in the 1st quarter. CWA Asset Management Group LLC now owns 9,930 shares of the software maker's stock worth $1,567,000 after acquiring an additional 1,936 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in shares of CommVault Systems by 3.4% in the 1st quarter. State of Alaska Department of Revenue now owns 5,156 shares of the software maker's stock worth $813,000 after acquiring an additional 170 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors.

Insider Activity at CommVault Systems

In other CommVault Systems news, CFO Jennifer Leigh Dirico sold 14,909 shares of CommVault Systems stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $182.22, for a total value of $2,716,717.98. Following the completion of the sale, the chief financial officer directly owned 45,143 shares of the company's stock, valued at approximately $8,225,957.46. The trade was a 24.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Gary Merrill sold 15,244 shares of CommVault Systems stock in a transaction 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 sale, the insider directly 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 55,942 shares of company stock valued at $10,019,157. 1.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. KeyCorp boosted their target price on CommVault Systems from $195.00 to $225.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Royal Bank Of Canada boosted their target price on CommVault Systems from $185.00 to $217.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 30th. DA Davidson boosted 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. Truist Financial started coverage on CommVault Systems in a report on Wednesday, October 8th. They issued a "buy" rating and a $230.00 target price on the stock. Finally, Piper Sandler upgraded shares of CommVault Systems from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $195.00 to $200.00 in a research report on Monday. One equities research 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 company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $211.67.

CommVault Systems Stock Down 1.3%

Shares of NASDAQ CVLT opened at $172.05 on Thursday. CommVault Systems, Inc. has a twelve month low of $128.07 and a twelve month high of $200.68. The firm has a fifty day simple moving average of $182.75 and a 200 day simple moving average of $175.07. The company has a market capitalization of $7.65 billion, a PE ratio of 95.58 and a beta of 0.72.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last announced its earnings results on Tuesday, July 29th. The software maker reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.04. CommVault Systems had a net margin of 7.70% and a return on equity of 30.83%. The business had revenue of $281.98 million during the quarter, compared to the consensus estimate of $267.83 million. The company'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. As a group, equities analysts expect that CommVault Systems, Inc. will post 1.65 earnings per share for the current fiscal year.

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.

Want to see what other hedge funds are holding CVLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CommVault Systems, Inc. (NASDAQ:CVLT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.