OLD National Bancorp IN Acquires Shares of 1,148 CommVault Systems, Inc. $CVLT

OLD National Bancorp IN acquired a new stake in shares of CommVault Systems, Inc. (NASDAQ:CVLT) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 1,148 shares of the software maker’s stock, valued at approximately $200,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. 111 Capital purchased a new position in shares of CommVault Systems in the 2nd quarter worth about $507,000. Hennessy Advisors Inc. purchased a new position in shares of CommVault Systems in the 2nd quarter worth about $113,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of CommVault Systems by 23.8% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,750 shares of the software maker’s stock worth $305,000 after purchasing an additional 336 shares during the last quarter. AMI Asset Management Corp purchased a new position in shares of CommVault Systems in the 2nd quarter worth about $251,000. Finally, Vision Capital Management Inc. purchased a new position in shares of CommVault Systems in the 2nd quarter worth about $558,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CVLT. Wells Fargo & Company lifted their price target on CommVault Systems from $190.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. Royal Bank Of Canada lifted their price objective on CommVault Systems from $185.00 to $217.00 and gave the stock a “sector perform” 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. Truist Financial initiated coverage on CommVault Systems in a report on Wednesday. They issued a “buy” rating and a $230.00 price objective for the company. Finally, Guggenheim set a $220.00 price objective on CommVault Systems in a report on Tuesday, July 29th. Seven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $208.33.

Insider Buying and Selling at CommVault Systems

In other news, insider Gary Merrill sold 15,244 shares of the company’s stock in a transaction dated 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sanjay Mirchandani sold 11,320 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $81,510,336.63. The trade was a 2.41% 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 90 days. 1.00% of the stock is owned by company insiders.

CommVault Systems Stock Up 5.6%

NASDAQ CVLT opened at $177.70 on Thursday. CommVault Systems, Inc. has a 52 week low of $128.07 and a 52 week high of $200.68. The firm has a market capitalization of $7.90 billion, a P/E ratio of 98.72 and a beta of 0.72. The company has a 50-day moving average price of $183.88 and a 200-day moving average price of $174.84.

CommVault Systems (NASDAQ:CVLT) last released its quarterly 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 net margin of 7.70% and a return on equity of 30.83%. The firm had revenue of $281.98 million during the quarter, compared to analyst estimates 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. As a group, equities research analysts anticipate that CommVault Systems, Inc. will post 1.65 EPS for the current year.

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.