State Street Corp Raises Stock Position in CommVault Systems, Inc. (NASDAQ:CVLT)

Share on StockTwits

State Street Corp grew its holdings in CommVault Systems, Inc. (NASDAQ:CVLT) by 6.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,309,112 shares of the software maker’s stock after buying an additional 74,867 shares during the period. State Street Corp owned approximately 2.86% of CommVault Systems worth $58,530,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of CVLT. Mackenzie Financial Corp grew its stake in shares of CommVault Systems by 46.8% in the 2nd quarter. Mackenzie Financial Corp now owns 2,188,361 shares of the software maker’s stock worth $108,586,000 after buying an additional 697,987 shares in the last quarter. D. E. Shaw & Co. Inc. grew its stake in shares of CommVault Systems by 68.6% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 963,950 shares of the software maker’s stock worth $47,831,000 after buying an additional 392,043 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in shares of CommVault Systems by 316.9% in the 2nd quarter. Canada Pension Plan Investment Board now owns 389,000 shares of the software maker’s stock worth $19,302,000 after buying an additional 295,700 shares in the last quarter. Silvercrest Asset Management Group LLC grew its stake in shares of CommVault Systems by 741.7% in the 2nd quarter. Silvercrest Asset Management Group LLC now owns 315,311 shares of the software maker’s stock worth $15,646,000 after buying an additional 277,852 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of CommVault Systems by 35.3% in the 2nd quarter. AQR Capital Management LLC now owns 937,933 shares of the software maker’s stock worth $45,443,000 after buying an additional 244,843 shares in the last quarter. 92.87% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have commented on the stock. Jefferies Financial Group assumed coverage on shares of CommVault Systems in a research note on Tuesday, October 8th. They issued a “buy” rating and a $59.00 price objective for the company. ValuEngine raised shares of CommVault Systems from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 31st. Zacks Investment Research raised shares of CommVault Systems from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research note on Thursday, October 31st. Finally, BidaskClub cut shares of CommVault Systems from a “hold” rating to a “sell” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. CommVault Systems currently has an average rating of “Buy” and an average price target of $59.50.

CVLT stock opened at $45.74 on Friday. CommVault Systems, Inc. has a 12 month low of $40.73 and a 12 month high of $69.20. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.03. The company has a 50-day moving average price of $48.98 and a 200 day moving average price of $46.91. The stock has a market cap of $2.19 billion, a PE ratio of 76.23, a P/E/G ratio of 9.87 and a beta of 1.13.

CommVault Systems (NASDAQ:CVLT) last released its quarterly earnings results on Tuesday, October 29th. The software maker reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.14. CommVault Systems had a negative net margin of 0.39% and a positive return on equity of 7.18%. The firm had revenue of $167.58 million during the quarter, compared to analysts’ expectations of $163.28 million. During the same period in the previous year, the company earned $0.40 EPS. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. Sell-side analysts forecast that CommVault Systems, Inc. will post 0.49 EPS for the current year.

In other CommVault Systems news, COO Al Bunte sold 117,296 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $48.46, for a total value of $5,684,164.16. Following the completion of the sale, the chief operating officer now directly owns 525,027 shares of the company’s stock, valued at approximately $25,442,808.42. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Brian Carolan sold 647 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $50.18, for a total transaction of $32,466.46. Following the completion of the sale, the chief financial officer now directly owns 107,100 shares of the company’s stock, valued at $5,374,278. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 119,332 shares of company stock valued at $5,786,317. 12.00% of the stock is owned by corporate insiders.

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.

Read More: Buy Rating

Want to see what other hedge funds are holding CVLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CommVault Systems, Inc. (NASDAQ:CVLT).

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

Receive News & Ratings for CommVault Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CommVault Systems and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Abbott Laboratories  Updates FY 2020
Pre-Market Earnings Guidance
Abbott Laboratories Updates FY 2020 Pre-Market Earnings Guidance
Express  Releases Q4 2019
Pre-Market Earnings Guidance
Express Releases Q4 2019 Pre-Market Earnings Guidance
MarineMax  Updates FY20 Earnings Guidance
MarineMax Updates FY20 Earnings Guidance
Squar Milner Financial Services LLC Cuts Position in Invesco BulletShares 2022 Corporate Bond ETF
Squar Milner Financial Services LLC Cuts Position in Invesco BulletShares 2022 Corporate Bond ETF
Vanguard Russell 2000  Stock Position Trimmed by Janney Montgomery Scott LLC
Vanguard Russell 2000 Stock Position Trimmed by Janney Montgomery Scott LLC
Janney Montgomery Scott LLC Has $14.72 Million Stake in L3Harris
Janney Montgomery Scott LLC Has $14.72 Million Stake in L3Harris


 
© 2006-2020 Zolmax.