SG Americas Securities LLC lifted its position in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 29.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,081 shares of the software maker’s stock after purchasing an additional 1,849 shares during the quarter. SG Americas Securities LLC’s holdings in CommVault Systems were worth $532,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Amalgamated Bank grew its stake in shares of CommVault Systems by 14.5% during the 2nd quarter. Amalgamated Bank now owns 6,442 shares of the software maker’s stock worth $424,000 after purchasing an additional 817 shares during the period. Swiss National Bank grew its stake in CommVault Systems by 2.7% in the 1st quarter. Swiss National Bank now owns 75,600 shares of the software maker’s stock valued at $4,324,000 after acquiring an additional 2,000 shares during the period. Rhumbline Advisers grew its stake in CommVault Systems by 3.0% in the 2nd quarter. Rhumbline Advisers now owns 91,486 shares of the software maker’s stock valued at $6,024,000 after acquiring an additional 2,656 shares during the period. Northwestern Mutual Investment Management Company LLC grew its stake in CommVault Systems by 52.0% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 8,552 shares of the software maker’s stock valued at $489,000 after acquiring an additional 2,927 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in CommVault Systems in the 1st quarter valued at $171,000. 90.17% of the stock is currently owned by institutional investors and hedge funds.
CommVault Systems stock opened at $69.60 on Friday. CommVault Systems, Inc. has a 1 year low of $48.35 and a 1 year high of $72.65. The firm has a market capitalization of $3.20 billion, a P/E ratio of 2,330.00, a P/E/G ratio of 7.39 and a beta of 1.18.
CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings data on Tuesday, July 24th. The software maker reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.09. The company had revenue of $176.18 million for the quarter, compared to analyst estimates of $177.92 million. CommVault Systems had a positive return on equity of 0.72% and a negative net margin of 9.89%. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.21 EPS. equities analysts expect that CommVault Systems, Inc. will post 0.6 earnings per share for the current fiscal year.
A number of equities research analysts recently issued reports on CVLT shares. BidaskClub cut shares of CommVault Systems from a “buy” rating to a “hold” rating in a research note on Thursday, June 28th. ValuEngine raised shares of CommVault Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, September 4th. Wells Fargo & Co lifted their price target on shares of CommVault Systems from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, June 7th. Mitsubishi UFJ Financial Group lifted their price target on shares of CommVault Systems and gave the company a “neutral” rating in a research note on Wednesday, July 25th. Finally, Zacks Investment Research raised shares of CommVault Systems from a “hold” rating to a “strong-buy” rating and set a $74.00 price target on the stock in a research note on Friday, July 27th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $77.00.
In other CommVault Systems news, SVP Ronald L. Miiller sold 2,213 shares of the firm’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $65.00, for a total value of $143,845.00. Following the transaction, the senior vice president now owns 98,117 shares in the company, valued at approximately $6,377,605. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Ronald L. Miiller sold 101,521 shares of the firm’s stock in a transaction on Thursday, July 26th. The shares were sold at an average price of $65.34, for a total value of $6,633,382.14. Following the completion of the transaction, the senior vice president now owns 140,666 shares in the company, valued at approximately $9,191,116.44. The disclosure for this sale can be found here. Insiders sold a total of 103,869 shares of company stock worth $6,785,958 in the last 90 days. 13.40% of the stock is currently owned by insiders.
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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