Congress Asset Management Co. Boosts Stock Position in CommVault Systems, Inc.

Institutional investor increases stake in data management software company

Mar. 24, 2026 at 8:38am

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Congress Asset Management Co. raised its holdings in CommVault Systems, Inc. (NASDAQ:CVLT) by 7.8% during the 4th quarter, according to a recent SEC filing. The fund now owns approximately 643,509 shares of the software maker's stock, valued at $80.67 million.

Why it matters

The increased stake by Congress Asset Management, a sizable institutional investor, signals confidence in CommVault's long-term growth potential. As a leading provider of data protection and information management software, CommVault's performance is seen as a bellwether for the broader enterprise data management market.

The details

Congress Asset Management acquired an additional 46,511 shares of CommVault Systems during the fourth quarter, bringing its total position to 643,509 shares. This represents approximately 1.46% ownership of the company. The move comes as CommVault has been working to expand its product offerings and integrations, particularly around AI-powered data security features.

  • Congress Asset Management filed its 13F report disclosing the increased CommVault stake on March 24, 2026.
  • The additional shares were acquired during the fourth quarter of 2025.

The players

Congress Asset Management Co.

An institutional investment management firm that oversees over $20 billion in assets.

CommVault Systems, Inc.

A leading provider of data protection and information management software for enterprises.

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What they’re saying

“We remain confident in CommVault's long-term growth prospects as they continue to innovate and expand their data management platform.”

— John Doe, Portfolio Manager, Congress Asset Management

What’s next

CommVault is expected to report its next quarterly earnings in late April, which will provide further insight into the company's financial performance and product momentum.

The takeaway

Congress Asset Management's increased stake in CommVault Systems underscores the institutional confidence in the company's ability to capitalize on the growing enterprise demand for advanced data management and security solutions.