Bank of New York Mellon Corp lowered its position in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 38.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,299,509 shares of the software maker’s stock after selling 823,319 shares during the period. Bank of New York Mellon Corp owned approximately 2.85% of CommVault Systems worth $73,358,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in CommVault Systems by 23,286.9% in the first quarter. BlackRock Inc. now owns 4,239,350 shares of the software maker’s stock worth $215,359,000 after buying an additional 4,221,223 shares during the period. Credit Suisse AG boosted its stake in CommVault Systems by 989.6% in the first quarter. Credit Suisse AG now owns 648,563 shares of the software maker’s stock worth $32,947,000 after buying an additional 589,040 shares during the period. Citadel Advisors LLC boosted its stake in CommVault Systems by 156.4% in the first quarter. Citadel Advisors LLC now owns 887,383 shares of the software maker’s stock worth $45,079,000 after buying an additional 541,325 shares during the period. Champlain Investment Partners LLC boosted its stake in CommVault Systems by 58.4% in the first quarter. Champlain Investment Partners LLC now owns 1,162,085 shares of the software maker’s stock worth $59,034,000 after buying an additional 428,585 shares during the period. Finally, Kennedy Capital Management Inc. boosted its stake in CommVault Systems by 66.1% in the first quarter. Kennedy Capital Management Inc. now owns 435,947 shares of the software maker’s stock worth $22,146,000 after buying an additional 173,554 shares during the period. Institutional investors own 88.71% of the company’s stock.

Shares of CommVault Systems, Inc. (NASDAQ:CVLT) opened at 59.80 on Wednesday. The stock has a market cap of $2.72 billion, a PE ratio of 1049.12 and a beta of 1.45. The company’s 50 day moving average price is $59.37 and its 200 day moving average price is $54.69. CommVault Systems, Inc. has a 52-week low of $47.61 and a 52-week high of $64.60.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings results on Tuesday, July 25th. The software maker reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.02. CommVault Systems had a net margin of 0.35% and a return on equity of 0.30%. The company had revenue of $165.97 million during the quarter, compared to the consensus estimate of $159.92 million. During the same period last year, the firm earned $0.21 EPS. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, analysts anticipate that CommVault Systems, Inc. will post $1.22 earnings per share for the current year.

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A number of analysts have commented on the company. Jefferies Group LLC upped their price target on CommVault Systems from $64.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, May 5th. TheStreet cut CommVault Systems from a “b” rating to a “c” rating in a research report on Monday, June 5th. BidaskClub cut CommVault Systems from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Mizuho restated a “buy” rating and issued a $62.00 price target on shares of CommVault Systems in a research report on Tuesday, June 20th. Finally, Zacks Investment Research cut CommVault Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. CommVault Systems presently has a consensus rating of “Buy” and a consensus target price of $67.00.

In other news, VP Brian Carolan sold 8,000 shares of CommVault Systems stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $62.95, for a total transaction of $503,600.00. Following the completion of the sale, the vice president now directly owns 82,471 shares in the company, valued at approximately $5,191,549.45. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Gary Merrill sold 15,000 shares of CommVault Systems stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $57.51, for a total transaction of $862,650.00. Following the sale, the insider now owns 39,312 shares of the company’s stock, valued at $2,260,833.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 69,247 shares of company stock valued at $4,136,094. Insiders own 13.40% of the company’s stock.

CommVault Systems Company Profile

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

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