Campbell Newman Asset Management 13F: New $2.5M Stake in CVLT

Campbell Newman Asset Management opened a new position in Commvault Systems, Inc. CVLT, acquiring 16,589 shares valued at roughly $2.49 million. The investment was disclosed in a Form 13F filing with the Securities and Exchange Commission on October 22, 2026. Because this is a brand-new position for the fund, it represents an initial stake in the data protection and cyber resiliency software provider.

CVLT Commvault Systems, Inc.

$167.81 ▲ +35.13% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in Campbell Newman Asset Management's Commvault Systems, Inc. Position

The fund started its holdings from scratch during the period, adding 16,589 shares to its portfolio. The reported value of the purchase sits at $2,487,023 based on the value at the close of the quarter. This filing marks the entry of Campbell Newman Asset Management into the software developer's shareholder base.

Other Institutional Activity in Commvault Systems, Inc.

Other major investment managers were active in the stock ahead of the filing. AQR Capital Management, LLC grew its holdings by 812,759 shares, ending with 1,837,030 shares worth about $308,271,999. Ameriprise Financial, Inc. expanded its stake by 1,684,538 shares to reach 1,739,733 shares valued at about $291,944,590. Acadian Asset Management. LLC reduced its position by 33,994 shares, leaving it with 1,220,415 shares worth roughly $204,797,838. Pictet Asset Management Holding SA trimmed its holdings by 38,788 shares, finishing with 1,200,448 shares valued at approximately $201,447,175.

Commvault Systems, Inc. Stock Up 2.5%

Shares of Commvault Systems, Inc. recently traded around $167.66 as of October 23, 2026, close to the $167.81 finish recorded on the filing date of October 22, 2026. The stock sits below its 52-week high of $175.03 while holding well above its 52-week low of $71.75. The company carries a market capitalization of roughly $6.95 billion and a trailing P/E ratio of 104.23.

Recent Earnings

For its trailing twelve months, the company generated $1,215,842,944 in revenue alongside a net profit margin of 5.6%. Earnings per share over the same period reached $1.61, while the return on equity stood at 32.8%.

Insider Buying and Selling at Commvault Systems, Inc.

Company insiders executed several transactions prior to the filing. On August 19, 2026, Chief Executive Officer Sanjay Mirchandani sold 24,134 shares for a total value of $3,465,076. Chief Financial Officer Gary D Merrill sold 3,147 shares valued at $450,949 on the same day. Officer Danielle Nicole Abrahamsen sold 996 shares worth $142,698 on August 19, 2026. Later, on September 11, 2026, Director Nicola Adamo sold 1,530 shares at an average price of $131.66 for a total of $201,440.

Analysts Set New Price Targets

Wall Street firms updated their outlooks on the stock ahead of the filing. On July 17, 2026, Oppenheimer maintained its Outperform rating while raising its price target from $150.00 to $175.00. Truist Securities maintained a Buy rating and lifted its target from $155.00 to $182.00 on July 21, 2026. Scotiabank maintained a Sector Perform rating and moved its target from $130.00 to $160.00 on October 5, 2026. RBC Capital maintained a Sector Perform rating with a target of $160.00, up from $150.00, on October 12, 2026. Mizuho maintained an Outperform rating and raised its target from $175.00 to $185.00 on October 15, 2026.

About Commvault Systems, Inc.

Commvault Systems, Inc. builds cyber resiliency tools that help enterprise organizations protect, secure, and recover valuable data, applications, and identity systems. Headquartered in Tinton Falls, New Jersey, the firm serves businesses looking to defend their digital infrastructure against modern threats and data loss.

Bottom Line

Investors are keeping an eye on upcoming catalysts for the software maker. The firm is scheduled to release its next financial results on October 27, 2026.