Rhumbline Advisers boosted its position in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 14.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 106,670 shares of the software maker’s stock after acquiring an additional 13,846 shares during the period. Rhumbline Advisers owned 0.23% of CommVault Systems worth $6,486,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CVLT. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of CommVault Systems by 11.9% in 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 last quarter. US Bancorp DE raised 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 valued at $119,000 after buying an additional 672 shares during the last quarter. Riverhead Capital Management LLC raised 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 valued at $145,000 after buying an additional 1,063 shares during the last quarter. Pacad Investment Ltd. raised 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 valued at $192,000 after buying an additional 1,600 shares during the last quarter. Finally, Trexquant Investment LP bought a new stake in CommVault Systems during the 2nd quarter valued at $215,000. 88.32% of the stock is owned by institutional investors and hedge funds.

CVLT has been the subject of a number of recent analyst reports. Royal Bank Of Canada reissued a “hold” rating and set a $67.00 price objective on shares of CommVault Systems in a research report on Monday, September 4th. Jefferies Group reissued a “buy” rating on shares of CommVault Systems in a research report on Thursday, October 26th. Zacks Investment Research downgraded shares of CommVault Systems from a “hold” rating to a “strong sell” rating in a research report on Friday, October 27th. BidaskClub downgraded shares of CommVault Systems from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $74.00 price objective on shares of CommVault Systems in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. CommVault Systems currently has an average rating of “Buy” and a consensus target price of $70.00.

In other CommVault Systems news, insider Gary Merrill sold 7,260 shares of the business’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $62.28, for a total transaction of $452,152.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Brian Carolan sold 4,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $61.90, for a total transaction of $247,600.00. The disclosure for this sale can be found here. Insiders own 13.40% of the company’s stock.

CommVault Systems, Inc. (NASDAQ:CVLT) opened at $53.90 on Friday. CommVault Systems, Inc. has a one year low of $47.61 and a one year high of $64.60.

CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings results on Tuesday, October 24th. The software maker reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.05). The business had revenue of $168.14 million for the quarter, compared to the consensus estimate of $170.15 million. CommVault Systems had a negative return on equity of 0.17% and a net margin of 0.28%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.25 EPS. equities analysts anticipate that CommVault Systems, Inc. will post 0.04 earnings per share for the current year.

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CommVault Systems Profile

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

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