Nationwide Fund Advisors reduced its stake in CommVault Systems Inc. (NASDAQ:CVLT) by 1.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 158,604 shares of the company’s stock after selling 2,989 shares during the period. Nationwide Fund Advisors owned about 0.36% of CommVault Systems worth $6,850,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in CommVault Systems during the fourth quarter valued at approximately $18,661,000. Gagnon Securities LLC raised its position in shares of CommVault Systems by 1.1% in the first quarter. Gagnon Securities LLC now owns 155,635 shares of the company’s stock valued at $6,719,000 after buying an additional 1,676 shares in the last quarter. Pacad Investment Ltd. raised its position in shares of CommVault Systems by 31.4% in the first quarter. Pacad Investment Ltd. now owns 15,500 shares of the company’s stock valued at $669,000 after buying an additional 3,700 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in shares of CommVault Systems by 20.4% in the first quarter. TIAA CREF Investment Management LLC now owns 182,756 shares of the company’s stock valued at $7,890,000 after buying an additional 30,981 shares in the last quarter. Finally, Teachers Advisors Inc. raised its position in shares of CommVault Systems by 14.9% in the first quarter. Teachers Advisors Inc. now owns 77,267 shares of the company’s stock valued at $3,336,000 after buying an additional 10,021 shares in the last quarter. 91.50% of the stock is owned by hedge funds and other institutional investors.
CommVault Systems Inc. (NASDAQ:CVLT) traded up 0.30% during trading on Friday, reaching $53.31. The company had a trading volume of 372,163 shares. CommVault Systems Inc. has a 1-year low of $29.41 and a 1-year high of $53.84. The stock’s market capitalization is $2.37 billion. The firm has a 50-day moving average of $51.92 and a 200-day moving average of $46.07.
CommVault Systems (NASDAQ:CVLT) last posted its earnings results on Tuesday, July 26th. The company reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.04. CommVault Systems had a negative return on equity of 1.33% and a negative net margin of 0.10%. The business had revenue of $152.40 million for the quarter, compared to analysts’ expectations of $149.15 million. During the same quarter in the previous year, the firm earned $0.12 earnings per share. The business’s revenue was up 9.6% compared to the same quarter last year. On average, analysts anticipate that CommVault Systems Inc. will post $0.96 EPS for the current fiscal year.
Several research analysts recently issued reports on CVLT shares. Stifel Nicolaus upped their target price on CommVault Systems from $55.00 to $62.00 and gave the company a “buy” rating in a research report on Tuesday, July 26th. Summit Redstone reaffirmed a “buy” rating and set a $55.00 target price on shares of CommVault Systems in a research report on Tuesday, July 5th. JMP Securities reaffirmed a “buy” rating on shares of CommVault Systems in a research report on Wednesday, August 31st. Jefferies Group upped their target price on CommVault Systems from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, July 27th. Finally, Mizuho upped their target price on CommVault Systems from $56.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, September 9th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $49.79.
In other news, SVP Ronald L. Miiller sold 31,727 shares of CommVault Systems stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $50.44, for a total transaction of $1,600,309.88. Following the sale, the senior vice president now owns 156,649 shares in the company, valued at $7,901,375.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 13.60% of the company’s stock.
CommVault Systems Company Profile
CommVault Systems, Inc (CommVault) is a provider of data and information management software applications and related services. The Company develops market and sell data and information management software applications under the Simpana Software brand. The Company develops, markets and sells a suite of software applications and services, primarily in North America, Europe, Australia and Asia, that provides its customers with data protection, including backup and recovery; data migration and archiving; snapshot management and replication of data; integrated source, and target data deduplication; eDiscovery and compliance solutions; self-service access; a secure virtual repository using simpana contentStore; enterprise-wide search capabilities; protection, recovery and discovery of data in virtual server and cloud environments; and robust built-in analytics and troubleshooting tools.
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