Counterpoint Mutual Funds LLC Buys Shares of 4,182 CommVault Systems, Inc. $CVLT

Key Points

• Counterpoint Mutual Funds LLC acquired 4,182 shares of CommVault Systems, Inc. ($CVLT), valued at approximately $729,000, indicating growing institutional interest in the company.
• Recent analyst ratings suggest a positive outlook for CommVault, with multiple firms raising their target prices; the average target price is now at $205.63 with a consensus rating of "Moderate Buy."
• CEO Sanjay Mirchandani sold 11,320 shares for over $2 million, reflecting a 2.41% decrease in his ownership, which may signal adjustments within corporate management.

Counterpoint Mutual Funds LLC acquired a new position in CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,182 shares of the software maker's stock, valued at approximately $729,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Frank Rimerman Advisors LLC grew its position in shares of CommVault Systems by 3.8% in the 1st quarter. Frank Rimerman Advisors LLC now owns 1,709 shares of the software maker's stock worth $270,000 after buying an additional 63 shares during the last quarter. NorthCrest Asset Manangement LLC grew its position in shares of CommVault Systems by 1.3% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 5,753 shares of the software maker's stock worth $908,000 after buying an additional 72 shares during the last quarter. SBI Securities Co. Ltd. grew its position in shares of CommVault Systems by 101.3% in the 1st quarter. SBI Securities Co. Ltd. now owns 159 shares of the software maker's stock worth $25,000 after buying an additional 80 shares during the last quarter. GAMMA Investing LLC grew its position in shares of CommVault Systems by 6.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,422 shares of the software maker's stock worth $248,000 after buying an additional 80 shares during the last quarter. Finally, Johnson Investment Counsel Inc. boosted its stake in CommVault Systems by 6.7% in the 1st 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 in the last quarter. Hedge funds and other institutional investors own 93.50% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on CVLT shares. Guggenheim set a $220.00 target price on shares of CommVault Systems in a research note on Tuesday, July 29th. Wall Street Zen cut shares of CommVault Systems from a "strong-buy" rating to a "buy" rating in a research note on Sunday. Wells Fargo & Company lifted their target price on shares of CommVault Systems from $190.00 to $220.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. KeyCorp lifted their target price on shares of CommVault Systems from $195.00 to $225.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Finally, Royal Bank Of Canada lifted their target price on shares of CommVault Systems from $185.00 to $217.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 30th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, CommVault Systems has a consensus rating of "Moderate Buy" and an average target price of $205.63.

Insider Activity

In related news, CEO Sanjay Mirchandani sold 11,320 shares of the company's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $177.83, for a total transaction of $2,013,035.60. Following the sale, the chief executive officer directly owned 458,361 shares in the company, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 owned 5,166 shares in the company, valued at $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 have sold a total of 55,942 shares of company stock valued at $10,019,157 over the last three months. 1.00% of the stock is currently owned by corporate insiders.

CommVault Systems Trading Down 0.5%

Shares of CVLT opened at $193.72 on Tuesday. CommVault Systems, Inc. has a 12-month low of $128.07 and a 12-month high of $200.68. The firm has a 50-day moving average price of $180.96 and a 200 day moving average price of $172.84. The firm has a market capitalization of $8.61 billion, a P/E ratio of 107.62 and a beta of 0.74.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last posted its earnings results on Tuesday, July 29th. The software maker reported $1.01 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.04. The company 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 business'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. Equities research analysts predict that CommVault Systems, Inc. will post 1.65 earnings per share 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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