CommVault Systems, Inc. (NASDAQ:CVLT) released its quarterly earnings data on Tuesday. The software maker reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.02, Bloomberg Earnings reports. The company had revenue of $165.97 million during the quarter, compared to analysts’ expectations of $159.92 million. CommVault Systems had a net margin of 0.08% and a negative return on equity of 1.04%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.21 EPS.

Shares of CommVault Systems (NASDAQ:CVLT) opened at 63.975 on Tuesday. CommVault Systems has a 12-month low of $47.44 and a 12-month high of $64.60. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 6397.500 and a beta of 1.44. The stock has a 50 day moving average of $57.63 and a 200 day moving average of $53.49.

In other news, insider Al Bunte sold 34,607 shares of the firm’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $55.60, for a total value of $1,924,149.20. Following the completion of the transaction, the insider now owns 507,171 shares of the company’s stock, valued at $28,198,707.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Brian Carolan sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $56.35, for a total transaction of $281,750.00. Following the completion of the transaction, the vice president now directly owns 85,828 shares of the company’s stock, valued at approximately $4,836,407.80. The disclosure for this sale can be found here. In the last three months, insiders sold 177,730 shares of company stock valued at $10,133,388. Insiders own 13.40% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of CVLT. Canada Pension Plan Investment Board raised its position in CommVault Systems by 57.0% in the first quarter. Canada Pension Plan Investment Board now owns 321,700 shares of the software maker’s stock valued at $16,342,000 after buying an additional 116,800 shares during the last quarter. Adams Diversified Equity Fund Inc. raised its position in CommVault Systems by 2.6% in the first quarter. Adams Diversified Equity Fund Inc. now owns 19,700 shares of the software maker’s stock valued at $1,001,000 after buying an additional 500 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in CommVault Systems by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 14,679 shares of the software maker’s stock valued at $746,000 after buying an additional 200 shares during the last quarter. Strs Ohio raised its position in CommVault Systems by 21.9% in the first quarter. Strs Ohio now owns 417,800 shares of the software maker’s stock valued at $21,224,000 after buying an additional 75,000 shares during the last quarter. Finally, Glen Harbor Capital Management LLC raised its position in CommVault Systems by 2.4% in the first quarter. Glen Harbor Capital Management LLC now owns 2,856 shares of the software maker’s stock valued at $145,000 after buying an additional 68 shares during the last quarter. 89.25% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have issued reports on CVLT shares. BidaskClub raised shares of CommVault Systems from a “hold” rating to a “buy” rating in a research report on Saturday, June 10th. Mizuho reissued a “buy” rating and issued a $62.00 price objective on shares of CommVault Systems in a research report on Tuesday, June 20th. TheStreet raised shares of CommVault Systems from a “c” rating to a “b” rating in a research report on Monday, April 24th. Jefferies Group LLC boosted their price objective on shares of CommVault Systems from $64.00 to $67.00 and gave the company a “buy” rating in a research report on Friday, May 5th. Finally, Zacks Investment Research cut shares of CommVault Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $61.11.

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CommVault Systems Company Profile

Earnings History for CommVault Systems (NASDAQ:CVLT)

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