Fmr LLC grew its holdings in CommVault Systems, Inc. (NASDAQ:CVLT) by 28.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,301,297 shares of the software maker’s stock after buying an additional 513,975 shares during the quarter. Fmr LLC owned 4.97% of CommVault Systems worth $161,091,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the company. BlackRock Inc. increased its position in shares of CommVault Systems by 5.7% in the second quarter. BlackRock Inc. now owns 4,691,145 shares of the software maker’s stock valued at $308,910,000 after buying an additional 254,649 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of CommVault Systems by 17.3% in the second quarter. Renaissance Technologies LLC now owns 1,599,800 shares of the software maker’s stock valued at $105,347,000 after buying an additional 236,400 shares in the last quarter. Northern Trust Corp increased its position in shares of CommVault Systems by 3.1% in the second quarter. Northern Trust Corp now owns 654,209 shares of the software maker’s stock valued at $43,079,000 after buying an additional 19,564 shares in the last quarter. Ardevora Asset Management LLP increased its position in shares of CommVault Systems by 7.3% in the third quarter. Ardevora Asset Management LLP now owns 530,038 shares of the software maker’s stock valued at $37,103,000 after buying an additional 35,960 shares in the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd increased its position in shares of CommVault Systems by 196.8% in the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 430,530 shares of the software maker’s stock valued at $30,137,000 after buying an additional 285,486 shares in the last quarter. Institutional investors and hedge funds own 89.46% of the company’s stock.
A number of research firms have recently commented on CVLT. BidaskClub upgraded CommVault Systems from a “hold” rating to a “buy” rating in a research report on Saturday, September 29th. ValuEngine upgraded CommVault Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, September 4th. Finally, Zacks Investment Research cut CommVault Systems from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 25th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $76.57.
Shares of NASDAQ:CVLT opened at $56.24 on Friday. The company has a market capitalization of $2.62 billion, a PE ratio of -95.32, a PEG ratio of 6.32 and a beta of 1.43. CommVault Systems, Inc. has a 1 year low of $48.35 and a 1 year high of $72.65.
CommVault Systems (NASDAQ:CVLT) last issued its quarterly earnings results on Tuesday, October 30th. The software maker reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.03. The firm had revenue of $169.08 million for the quarter, compared to analyst estimates of $179.08 million. CommVault Systems had a positive return on equity of 2.96% and a negative net margin of 9.61%. The business’s revenue was up .6% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 earnings per share. Research analysts predict that CommVault Systems, Inc. will post 0.57 EPS for the current fiscal year.
In other news, Director Vivie Lee sold 860 shares of CommVault Systems stock in a transaction that occurred 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 sale, the director now directly owns 4,364 shares of the company’s stock, valued at $304,389. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO N Robert Hammer sold 180,000 shares of CommVault Systems stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $57.33, for a total value of $10,319,400.00. Following the completion of the sale, the chief executive officer now directly owns 2,799,411 shares in the company, valued at $160,490,232.63. The disclosure for this sale can be found here. Insiders own 13.40% of the company’s stock.
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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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