Deutsche Bank AG reduced its position in CommVault Systems, Inc. (NASDAQ:CVLT) by 42.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 135,649 shares of the software maker’s stock after selling 99,528 shares during the period. Deutsche Bank AG owned 0.30% of CommVault Systems worth $8,013,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. Lunia Capital LP raised its stake in CommVault Systems by 4,687.4% in the 4th quarter. Lunia Capital LP now owns 16,642,403 shares of the software maker’s stock valued at $16,642,000 after acquiring an additional 16,294,775 shares during the period. BlackRock Inc. increased its position in shares of CommVault Systems by 2.6% during the fourth quarter. BlackRock Inc. now owns 4,600,083 shares of the software maker’s stock valued at $271,818,000 after buying an additional 118,210 shares during the period. Vanguard Group Inc increased its position in shares of CommVault Systems by 1.6% during the third quarter. Vanguard Group Inc now owns 3,784,014 shares of the software maker’s stock valued at $264,880,000 after buying an additional 57,893 shares during the period. Vanguard Group Inc. increased its position in shares of CommVault Systems by 1.6% during the third quarter. Vanguard Group Inc. now owns 3,784,014 shares of the software maker’s stock valued at $264,880,000 after buying an additional 57,893 shares during the period. Finally, Mackenzie Financial Corp increased its position in shares of CommVault Systems by 16.0% during the fourth quarter. Mackenzie Financial Corp now owns 1,388,279 shares of the software maker’s stock valued at $82,033,000 after buying an additional 191,800 shares during the period. Institutional investors and hedge funds own 90.68% of the company’s stock.
In other news, Director Gary B. Smith sold 7,500 shares of the business’s 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 completion of the transaction, the director now owns 36,536 shares of the company’s stock, valued at $2,484,448. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Al Bunte sold 64,167 shares of the business’s stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $67.82, for a total value 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 approximately $32,972,524.14. The disclosure for this sale can be found here. Insiders have sold 73,052 shares of company stock valued at $4,955,806 in the last three months. 13.40% of the stock is owned by insiders.
Shares of NASDAQ CVLT opened at $61.27 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 $2.88 billion, a PE ratio of -103.85, a price-to-earnings-growth ratio of 3.07 and a beta of 1.23.
CommVault Systems (NASDAQ:CVLT) last issued its quarterly earnings data on Tuesday, January 29th. The software maker reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.12. CommVault Systems had a return on equity of 5.78% and a net margin of 0.57%. The company had revenue of $184.28 million during the quarter, compared to analyst estimates of $180.66 million. During the same quarter in the previous year, the firm earned $0.30 earnings per share. CommVault Systems’s revenue was up 2.2% on a year-over-year basis. As a group, research analysts forecast that CommVault Systems, Inc. will post 0.79 EPS for the current fiscal year.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded CommVault Systems from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research report on Monday, April 15th. BidaskClub cut CommVault Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. ValuEngine cut CommVault Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Piper Jaffray Companies cut 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 upped their price target on CommVault Systems to $69.00 and gave the company a “buy” rating in a research report on Wednesday, January 30th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $75.14.
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About CommVault Systems
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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