Johnson Investment Counsel Inc. Has $230,000 Stock Position in CommVault Systems, Inc. $CVLT

Johnson Investment Counsel Inc. reduced its holdings in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 9.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,321 shares of the software maker’s stock after selling 130 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in CommVault Systems were worth $230,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CVLT. Janney Montgomery Scott LLC bought a new position in shares of CommVault Systems in the first quarter worth about $243,000. Asset Management One Co. Ltd. acquired a new position in CommVault Systems during the 1st quarter worth approximately $1,229,000. Principal Financial Group Inc. lifted its stake in CommVault Systems by 1.4% in the 1st quarter. Principal Financial Group Inc. now owns 122,042 shares of the software maker’s stock valued at $19,253,000 after purchasing an additional 1,668 shares during the last quarter. Yorktown Management & Research Co Inc bought a new position in CommVault Systems in the 1st quarter valued at approximately $260,000. Finally, Diversified Trust Co acquired a new stake in CommVault Systems in the first quarter valued at approximately $524,000. Institutional investors own 93.50% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CVLT shares. Guggenheim reiterated a “buy” rating and set a $220.00 price target on shares of CommVault Systems in a report on Thursday. KeyCorp upped 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. Wall Street Zen lowered CommVault Systems from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 21st. Zacks Research raised CommVault Systems from a “hold” rating to a “strong-buy” rating in a research note on Monday. Finally, Piper Sandler upgraded shares of CommVault Systems from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $195.00 to $200.00 in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $211.67.

CommVault Systems Trading Down 0.8%

Shares of CVLT stock opened at $170.72 on Friday. CommVault Systems, Inc. has a 1-year low of $128.07 and a 1-year high of $200.68. The stock has a market cap of $7.59 billion, a price-to-earnings ratio of 94.84 and a beta of 0.72. The stock has a 50-day moving average of $182.45 and a 200-day moving average of $175.16.

CommVault Systems (NASDAQ:CVLT) last announced its earnings results on Tuesday, July 29th. The software maker reported $1.01 EPS for the quarter, beating 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 business had revenue of $281.98 million for the quarter, compared to analysts’ expectations 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. Sell-side analysts forecast that CommVault Systems, Inc. will post 1.65 earnings per share for the current year.

Insider Activity

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

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.