Millennium Management LLC decreased its stake in CommVault Systems, Inc. (NASDAQ:CVLT) by 34.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 103,675 shares of the software maker’s stock after selling 54,929 shares during the quarter. Millennium Management LLC’s holdings in CommVault Systems were worth $6,126,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Martingale Asset Management L P grew its position in shares of CommVault Systems by 0.3% in the third quarter. Martingale Asset Management L P now owns 76,732 shares of the software maker’s stock valued at $5,372,000 after purchasing an additional 206 shares during the period. Strs Ohio grew its position in shares of CommVault Systems by 1.5% in the fourth quarter. Strs Ohio now owns 19,700 shares of the software maker’s stock valued at $1,164,000 after purchasing an additional 300 shares during the period. Menta Capital LLC boosted its position in CommVault Systems by 1.2% during the fourth quarter. Menta Capital LLC now owns 29,853 shares of the software maker’s stock worth $1,764,000 after acquiring an additional 349 shares during the last quarter. Comerica Bank boosted its position in CommVault Systems by 1.8% during the fourth quarter. Comerica Bank now owns 25,756 shares of the software maker’s stock worth $1,633,000 after acquiring an additional 457 shares during the last quarter. Finally, Teachers Advisors LLC boosted its position in CommVault Systems by 0.7% during the third quarter. Teachers Advisors LLC now owns 75,404 shares of the software maker’s stock worth $5,278,000 after acquiring an additional 517 shares during the last quarter. Institutional investors and hedge funds own 90.90% of the company’s stock.
Shares of CVLT stock opened at $63.13 on Friday. CommVault Systems, Inc. has a 12 month low of $51.53 and a 12 month high of $72.65. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of -107.00, a PEG ratio of 3.08 and a beta of 1.23.
CommVault Systems (NASDAQ:CVLT) last issued its earnings results on Tuesday, January 29th. The software maker reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.12. CommVault Systems had a net margin of 0.57% and a return on equity of 5.78%. The company had revenue of $184.28 million for the quarter, compared to the consensus estimate of $180.66 million. During the same period in the previous year, the firm earned $0.30 earnings per share. CommVault Systems’s quarterly revenue was up 2.2% compared to the same quarter last year. As a group, equities analysts predict that CommVault Systems, Inc. will post 0.79 EPS for the current fiscal year.
In other CommVault Systems news, COO Al Bunte sold 64,167 shares of CommVault Systems 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 transaction, the chief operating officer now directly owns 486,177 shares of the company’s stock, valued at $32,972,524.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary B. Smith sold 7,500 shares of CommVault Systems stock in a transaction dated Wednesday, February 6th. The stock was sold at an average price of $68.00, for a total transaction of $510,000.00. Following the transaction, the director now directly owns 36,536 shares in the company, valued at $2,484,448. The disclosure for this sale can be found here. Insiders have sold 73,052 shares of company stock worth $4,955,806 over the last ninety days. 13.40% of the stock is owned by insiders.
A number of equities analysts recently weighed in on the stock. BidaskClub lowered shares of CommVault Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. 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 boosted 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 research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $75.00.
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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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