CommVault Systems, Inc. $CVLT Shares Purchased by SteelPeak Wealth LLC

Key Points

• SteelPeak Wealth LLC increased its holdings in CommVault Systems by 29.7%, owning a total of 8,581 shares valued at approximately $1,496,000 as of the latest SEC filing.
• Several analysts raised their price targets for CommVault, with Wells Fargo increasing it to $220.00 and KeyCorp setting a target of $225.00, reflecting strong market interest.
• CEO Sanjay Mirchandani sold 11,320 shares at an average price of $177.83, resulting in a total sale value of over $2 million, which decreased his ownership by 2.41%.

SteelPeak Wealth LLC boosted its holdings in CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) by 29.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,581 shares of the software maker's stock after purchasing an additional 1,966 shares during the quarter. SteelPeak Wealth LLC's holdings in CommVault Systems were worth $1,496,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Frank Rimerman Advisors LLC increased its stake in CommVault Systems by 3.8% in the first quarter. Frank Rimerman Advisors LLC now owns 1,709 shares of the software maker's stock valued at $270,000 after purchasing an additional 63 shares during the last quarter. NorthCrest Asset Manangement LLC increased its stake in CommVault Systems by 1.3% in the first quarter. NorthCrest Asset Manangement LLC now owns 5,753 shares of the software maker's stock valued at $908,000 after purchasing an additional 72 shares during the last quarter. SBI Securities Co. Ltd. increased its stake in CommVault Systems by 101.3% in the first quarter. SBI Securities Co. Ltd. now owns 159 shares of the software maker's stock valued at $25,000 after purchasing an additional 80 shares during the last quarter. GAMMA Investing LLC increased its stake in CommVault Systems by 6.0% in the second quarter. GAMMA Investing LLC now owns 1,422 shares of the software maker's stock valued at $248,000 after purchasing an additional 80 shares during the last quarter. Finally, Johnson Investment Counsel Inc. increased its stake in CommVault Systems by 6.7% in the first quarter. Johnson Investment Counsel Inc. now owns 1,451 shares of the software maker's stock valued at $229,000 after purchasing an additional 91 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on CVLT. Guggenheim set a $220.00 price target on CommVault Systems in a research note on Tuesday, July 29th. Royal Bank Of Canada upped their price target on CommVault Systems from $185.00 to $217.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 30th. Wells Fargo & Company upped their price target on CommVault Systems from $190.00 to $220.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Piper Sandler upped their price target on CommVault Systems from $168.00 to $170.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Finally, KeyCorp upped their price target on CommVault Systems from $195.00 to $225.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $205.63.

Insider Buying and Selling

In related news, CEO Sanjay Mirchandani sold 11,320 shares of the stock in a transaction dated 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 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Gary Merrill sold 15,244 shares of the stock in a transaction dated 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 of the company's stock, valued at $12,787,704.37. This represents a 17.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold 55,942 shares of company stock worth $10,019,157 over the last three months. 1.00% of the stock is currently owned by corporate insiders.

CommVault Systems Price Performance

Shares of NASDAQ CVLT opened at $168.35 on Wednesday. CommVault Systems, Inc. has a 1-year low of $128.07 and a 1-year high of $200.68. The business has a 50-day moving average of $184.19 and a 200-day moving average of $174.82. The company has a market capitalization of $7.48 billion, a price-to-earnings ratio of 93.53 and a beta of 0.72.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last issued its 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. CommVault Systems had a return on equity of 30.83% and a net margin of 7.70%.The company had revenue of $281.98 million during the quarter, compared to the consensus estimate of $267.83 million. The company's 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. Research analysts expect that CommVault Systems, Inc. will post 1.65 EPS for the current fiscal year.

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.

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