Pendal Group Ltd purchased a new stake in CommVault Systems, Inc. (NASDAQ:CVLT) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 23,600 shares of the software maker’s stock, valued at approximately $1,652,000. Pendal Group Ltd owned 0.05% of CommVault Systems at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in CVLT. BlueMountain Capital Management LLC raised its stake in shares of CommVault Systems by 134.5% during the 2nd quarter. BlueMountain Capital Management LLC now owns 2,214 shares of the software maker’s stock worth $146,000 after buying an additional 1,270 shares during the period. NumerixS Investment Technologies Inc acquired a new position in shares of CommVault Systems during the 2nd quarter worth approximately $160,000. Cubist Systematic Strategies LLC acquired a new position in shares of CommVault Systems during the 1st quarter worth approximately $171,000. Engineers Gate Manager LP acquired a new position in shares of CommVault Systems during the 3rd quarter worth approximately $203,000. Finally, Oakbrook Investments LLC acquired a new position in shares of CommVault Systems during the 2nd quarter worth approximately $211,000. 90.93% of the stock is owned by institutional investors.
In related news, Director Vivie Lee sold 860 shares of the stock in a transaction on Friday, September 14th. The stock was sold at an average price of $69.75, for a total value of $59,985.00. Following the completion of the transaction, the director now directly owns 4,364 shares of the company’s stock, valued at approximately $304,389. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 13.40% of the stock is currently owned by corporate insiders.
Shares of CVLT stock opened at $59.44 on Friday. CommVault Systems, Inc. has a 1-year low of $48.35 and a 1-year high of $72.65. The company has a market cap of $2.79 billion, a PE ratio of -100.75, a price-to-earnings-growth ratio of 6.73 and a beta of 1.40.
CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings data on Tuesday, October 30th. The software maker reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.03. CommVault Systems had a positive return on equity of 2.96% and a negative net margin of 9.61%. The firm had revenue of $169.08 million during the quarter, compared to the consensus estimate of $179.08 million. During the same period in the prior year, the company earned $0.21 EPS. The firm’s revenue was up .6% compared to the same quarter last year. Research analysts anticipate that CommVault Systems, Inc. will post 0.57 earnings per share for the current year.
CVLT has been the subject of several research analyst reports. BidaskClub downgraded CommVault Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. Mitsubishi UFJ Financial Group upped their target price on CommVault Systems and gave the stock a “neutral” rating in a research note on Wednesday, July 25th. Zacks Investment Research raised CommVault Systems from a “hold” rating to a “strong-buy” rating and set a $74.00 target price for the company in a research note on Friday, July 27th. Finally, ValuEngine downgraded CommVault Systems from a “buy” rating to a “hold” rating in a research note on Saturday, August 18th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $76.57.
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CommVault Systems Profile
Commvault Systems, Inc provides data protection and information management software applications and related services in the United States, Canada, Latin America, Europe, the Middle East, Africa, Australia, New Zealand, Southeast Asia, and China. The company offers data protection, backup, and recovery software solutions for the backup of databases, files, applications, endpoints, and virtual machines according to data type and recovery profile; and help to optimize storage with deduplication, recover data, and leverage reports.
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