Fmr LLC Cuts Stake in CommVault Systems, Inc. (CVLT)

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Fmr LLC lessened its stake in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 13.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,992,043 shares of the software maker’s stock after selling 309,254 shares during the quarter. Fmr LLC’s holdings in CommVault Systems were worth $117,709,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of CVLT. Fort L.P. bought a new position in CommVault Systems during the fourth quarter worth about $31,000. Captrust Financial Advisors increased its position in CommVault Systems by 161.5% during the fourth quarter. Captrust Financial Advisors now owns 1,080 shares of the software maker’s stock worth $64,000 after acquiring an additional 667 shares during the period. First Mercantile Trust Co. bought a new position in CommVault Systems during the fourth quarter worth about $117,000. Quantamental Technologies LLC bought a new position in CommVault Systems during the fourth quarter worth about $120,000. Finally, LS Investment Advisors LLC increased its position in CommVault Systems by 71.7% during the fourth quarter. LS Investment Advisors LLC now owns 3,835 shares of the software maker’s stock worth $227,000 after acquiring an additional 1,601 shares during the period. Institutional investors own 90.90% of the company’s stock.

A number of equities analysts recently commented on the stock. BidaskClub lowered shares of CommVault Systems from a “buy” rating to a “hold” rating in a research report on Tuesday. ValuEngine lowered shares of CommVault Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Zacks Investment Research lowered shares of CommVault Systems from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 2nd. Piper Jaffray Companies lowered shares of CommVault Systems from an “overweight” rating to a “neutral” rating and set a $66.00 price target on the stock. in a research report on Monday, February 11th. Finally, Lake Street Capital raised their price target on shares of CommVault Systems to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, January 30th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $75.00.

CVLT stock opened at $63.41 on Thursday. CommVault Systems, Inc. has a 12 month low of $51.53 and a 12 month high of $72.65. The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of 132.31, a PEG ratio of 3.07 and a beta of 1.23.

CommVault Systems (NASDAQ:CVLT) last released its earnings results on Tuesday, January 29th. The software maker reported $0.54 EPS for the quarter, beating the consensus estimate of $0.42 by $0.12. CommVault Systems had a net margin of 0.57% and a return on equity of 5.78%. The firm had revenue of $184.28 million for the quarter, compared to analyst estimates of $180.66 million. During the same period last year, the firm earned $0.30 EPS. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, equities research analysts predict that CommVault Systems, Inc. will post 0.79 earnings per share for the current year.

In other CommVault Systems news, Director Gary B. Smith sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $68.00, for a total value of $510,000.00. Following the transaction, the director now directly owns 36,536 shares of the company’s stock, valued at approximately $2,484,448. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Al Bunte sold 64,167 shares of the firm’s stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $67.82, for a total transaction of $4,351,805.94. Following the completion of the transaction, the chief operating officer now directly owns 486,177 shares in the company, valued at $32,972,524.14. The disclosure for this sale can be found here. Over the last three months, insiders sold 73,052 shares of company stock worth $4,955,806. Insiders own 13.40% of the company’s stock.

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CommVault Systems Company 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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Institutional Ownership by Quarter for CommVault Systems (NASDAQ:CVLT)

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