Vision Capital Management Inc. Invests $558,000 in CommVault Systems, Inc. $CVLT

Key Points

• Vision Capital Management Inc. has invested $558,000 in CommVault Systems, acquiring 3,199 shares, indicating institutional interest in the software firm.
• Multiple hedge funds have increased their stakes in CommVault during the first quarter, with significant investments such as Nuveen LLC's $116.2 million position.
• Wall Street analysts have a consensus rating of "Moderate Buy" for CommVault, with price targets ranging from $200 to $225, reflecting positive growth expectations.

Vision Capital Management Inc. acquired a new stake in shares of CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 3,199 shares of the software maker's stock, valued at approximately $558,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CVLT. Nuveen LLC bought a new position in shares of CommVault Systems during the first quarter valued at approximately $116,223,000. Wedge Capital Management L L P NC boosted its stake in shares of CommVault Systems by 1,936.0% during the first quarter. Wedge Capital Management L L P NC now owns 360,355 shares of the software maker's stock valued at $56,850,000 after purchasing an additional 342,656 shares in the last quarter. Champlain Investment Partners LLC bought a new position in shares of CommVault Systems during the first quarter valued at approximately $47,361,000. GAMMA Investing LLC boosted its stake in shares of CommVault Systems by 20,945.1% during the first quarter. GAMMA Investing LLC now owns 211,714 shares of the software maker's stock valued at $33,400,000 after purchasing an additional 210,708 shares in the last quarter. Finally, Wellington Management Group LLP bought a new position in shares of CommVault Systems during the first quarter valued at approximately $22,540,000. 93.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CVLT. Guggenheim set a $220.00 price objective on shares of CommVault Systems in a research note on Tuesday, July 29th. Wall Street Zen lowered shares of CommVault Systems from a "strong-buy" rating to a "buy" rating in a report on Sunday, September 21st. DA Davidson lifted their price target on shares of CommVault Systems from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Wells Fargo & Company lifted their price target on shares of CommVault Systems from $190.00 to $220.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Finally, KeyCorp lifted their price target on shares of CommVault Systems from $195.00 to $225.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $205.63.

Insider Activity at CommVault Systems

In other news, 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 in the company, valued at approximately $12,787,704.37. The trade was a 17.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Allison Pickens sold 690 shares of CommVault Systems stock in a transaction 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 of the company's stock, 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. Over the last ninety days, insiders have sold 55,942 shares of company stock valued at $10,019,157. 1.00% of the stock is currently owned by corporate insiders.

CommVault Systems Trading Up 1.2%

NASDAQ:CVLT opened at $185.84 on Friday. CommVault Systems, Inc. has a 12 month low of $128.07 and a 12 month high of $200.68. The firm has a fifty day simple moving average of $182.06 and a 200-day simple moving average of $173.31. The company has a market capitalization of $8.26 billion, a P/E ratio of 103.24 and a beta of 0.74.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The software maker reported $1.01 EPS for the quarter, topping the consensus estimate 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 firm'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 analysts forecast that CommVault Systems, Inc. will post 1.65 EPS for the current 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.