US Bancorp DE increased its position in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 47.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,102 shares of the software maker’s stock after buying an additional 672 shares during the period. US Bancorp DE’s holdings in CommVault Systems were worth $119,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. UBS Asset Management Americas Inc. raised its stake in shares of CommVault Systems by 61.5% in the first quarter. UBS Asset Management Americas Inc. now owns 23,871 shares of the software maker’s stock worth $1,213,000 after buying an additional 9,089 shares during the period. Swiss National Bank raised its stake in shares of CommVault Systems by 2.3% in the first quarter. Swiss National Bank now owns 70,900 shares of the software maker’s stock worth $3,602,000 after buying an additional 1,600 shares during the period. LS Investment Advisors LLC raised its stake in shares of CommVault Systems by 22.6% in the first quarter. LS Investment Advisors LLC now owns 3,455 shares of the software maker’s stock worth $176,000 after buying an additional 636 shares during the period. Comerica Bank raised its stake in shares of CommVault Systems by 61.1% in the first quarter. Comerica Bank now owns 49,742 shares of the software maker’s stock worth $2,522,000 after buying an additional 18,859 shares during the period. Finally, State Treasurer State of Michigan raised its stake in shares of CommVault Systems by 2.4% in the first quarter. State Treasurer State of Michigan now owns 17,000 shares of the software maker’s stock worth $864,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 88.71% of the company’s stock.

CommVault Systems, Inc. (CVLT) traded up 0.25% during midday trading on Wednesday, reaching $59.95. 49,018 shares of the company traded hands. The firm’s 50 day moving average price is $59.37 and its 200 day moving average price is $54.69. CommVault Systems, Inc. has a 12 month low of $47.61 and a 12 month high of $64.60. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of 1051.75 and a beta of 1.45.

CommVault Systems (NASDAQ:CVLT) last posted its earnings results on Tuesday, July 25th. The software maker reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The firm had revenue of $165.97 million during 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 for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.21 earnings per share. On average, analysts expect that CommVault Systems, Inc. will post $1.22 earnings per share for the current year.

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A number of brokerages have recently issued reports on CVLT. Jefferies Group LLC upped their target price on shares of CommVault Systems from $67.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, July 25th. Stifel Nicolaus restated a “buy” rating and issued a $75.00 target price (up previously from $68.00) on shares of CommVault Systems in a research note on Wednesday, July 26th. Lake Street Capital increased their price objective on shares of CommVault Systems from $63.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, July 26th. Mitsubishi UFJ Financial Group set a $70.00 price objective on shares of CommVault Systems and gave the stock a “buy” rating in a research note on Tuesday, July 25th. Finally, BidaskClub upgraded shares of CommVault Systems from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $67.00.

In other news, VP Brian Carolan sold 8,000 shares of the 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 completion of the transaction, the vice president now owns 82,471 shares of the company’s stock, valued at $5,191,549.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gary Merrill sold 3,072 shares of the 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 transaction, the insider now directly owns 23,878 shares of the company’s stock, valued at approximately $1,409,040.78. The disclosure for this sale can be found here. Insiders sold 69,247 shares of company stock valued at $4,136,094 in the last three months. Company insiders own 13.40% of the company’s stock.

CommVault Systems Company Profile

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

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