SteelPeak Wealth LLC Raises Stock Holdings in CommVault Systems, Inc. $CVLT

SteelPeak Wealth LLC boosted its holdings in CommVault Systems, Inc. (NASDAQ:CVLT) by 29.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,581 shares of the software maker’s stock after purchasing an additional 1,966 shares during the period. SteelPeak Wealth LLC’s holdings in CommVault Systems were worth $1,496,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Nuveen LLC bought a new position in CommVault Systems during the 1st quarter worth approximately $116,223,000. Champlain Investment Partners LLC bought a new position in CommVault Systems during the 1st quarter worth approximately $47,361,000. Wellington Management Group LLP bought a new position in CommVault Systems during the 1st quarter worth approximately $22,540,000. Invesco Ltd. lifted its holdings in CommVault Systems by 7.1% during the 1st quarter. Invesco Ltd. now owns 1,777,307 shares of the software maker’s stock worth $280,388,000 after buying an additional 117,199 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its holdings in CommVault Systems by 25.7% during the 1st quarter. Allianz Asset Management GmbH now owns 448,860 shares of the software maker’s stock worth $70,812,000 after buying an additional 91,739 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Jennifer Leigh Dirico sold 14,909 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $182.22, for a total value of $2,716,717.98. Following the sale, the chief financial officer directly owned 45,143 shares in the company, valued at $8,225,957.46. This trade represents a 24.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gary Merrill sold 15,244 shares of the firm’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 value of $2,713,584.44. Following the completion of the sale, the insider owned 71,837 shares in the company, valued at approximately $12,787,704.37. This represents a 17.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,942 shares of company stock valued at $10,019,157 in the last quarter. 1.00% of the stock is owned by insiders.

CommVault Systems Trading Down 5.5%

Shares of CommVault Systems stock opened at $168.35 on Wednesday. The business’s 50 day simple moving average is $184.19 and its 200-day simple moving average is $174.82. The stock has a market capitalization of $7.48 billion, a price-to-earnings ratio of 93.53 and a beta of 0.72. CommVault Systems, Inc. has a twelve month low of $128.07 and a twelve month high of $200.68.

CommVault Systems (NASDAQ:CVLT) last announced its quarterly 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. The business had revenue of $281.98 million for the quarter, compared to analysts’ expectations of $267.83 million. CommVault Systems had a return on equity of 30.83% and a net margin of 7.70%.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. Sell-side analysts predict that CommVault Systems, Inc. will post 1.65 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Wells Fargo & Company increased their target price on CommVault Systems from $190.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. Wall Street Zen downgraded CommVault Systems from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 21st. Royal Bank Of Canada increased 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 increased 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. Finally, Piper Sandler increased their price target on CommVault Systems from $168.00 to $170.00 and gave the stock a “neutral” rating in a research report on Monday, July 14th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, CommVault Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $205.63.

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.