TIAA CREF Investment Management LLC reduced its holdings in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 0.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 256,683 shares of the software maker’s stock after selling 1,024 shares during the period. TIAA CREF Investment Management LLC owned 0.56% of CommVault Systems worth $14,490,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in CommVault Systems by 11.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,904 shares of the software maker’s stock worth $107,000 after acquiring an additional 203 shares during the period. US Bancorp DE grew its holdings in CommVault Systems by 47.0% during the 2nd quarter. US Bancorp DE now owns 2,102 shares of the software maker’s stock worth $119,000 after acquiring an additional 672 shares during the period. Riverhead Capital Management LLC grew its holdings in CommVault Systems by 70.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,563 shares of the software maker’s stock worth $145,000 after acquiring an additional 1,063 shares during the period. Pacad Investment Ltd. grew its holdings in CommVault Systems by 88.9% during the 2nd quarter. Pacad Investment Ltd. now owns 3,400 shares of the software maker’s stock worth $192,000 after acquiring an additional 1,600 shares during the period. Finally, Trexquant Investment LP acquired a new stake in CommVault Systems during the 2nd quarter worth about $215,000. Hedge funds and other institutional investors own 88.45% of the company’s stock.

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In other CommVault Systems news, VP Brian Carolan sold 8,000 shares of the company’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $62.95, for a total value of $503,600.00. Following the sale, the vice president now owns 82,471 shares in the company, valued at $5,191,549.45. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Gary Merrill sold 3,072 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $59.01, for a total transaction of $181,278.72. Following the completion of the sale, the insider now owns 23,878 shares in the company, valued at approximately $1,409,040.78. The disclosure for this sale can be found here. In the last 90 days, insiders sold 54,247 shares of company stock worth $3,273,444. Corporate insiders own 13.40% of the company’s stock.

A number of analysts have weighed in on the company. Royal Bank Of Canada reiterated a “hold” rating and set a $67.00 price target on shares of CommVault Systems in a report on Monday, September 4th. KeyCorp reiterated a “buy” rating and set a $70.00 price target on shares of CommVault Systems in a report on Friday, September 1st. Piper Jaffray Companies restated a “buy” rating and issued a $74.00 target price on shares of CommVault Systems in a research note on Friday, September 1st. BidaskClub upgraded CommVault Systems from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Finally, Mitsubishi UFJ Financial Group set a $70.00 target price on CommVault Systems and gave the company a “buy” rating in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. CommVault Systems currently has a consensus rating of “Buy” and an average target price of $69.80.

Shares of CommVault Systems, Inc. (CVLT) opened at 60.80 on Friday. The stock has a 50 day moving average price of $59.90 and a 200 day moving average price of $55.92. CommVault Systems, Inc. has a 52 week low of $47.61 and a 52 week high of $64.60. The firm has a market capitalization of $2.77 billion, a P/E ratio of 1066.67 and a beta of 1.44.

CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings data on Tuesday, July 25th. The software maker reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.02. The business had revenue of $165.97 million for the quarter, compared to analysts’ expectations of $159.92 million. CommVault Systems had a net margin of 0.35% and a return on equity of 0.30%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.21 earnings per share. Analysts forecast that CommVault Systems, Inc. will post $1.22 EPS for the current year.

About CommVault Systems

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

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