Federated Investors Inc. PA increased its stake in CommVault Systems, Inc. (NASDAQ:CVLT) by 159.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 100,143 shares of the software maker’s stock after buying an additional 61,565 shares during the period. Federated Investors Inc. PA owned 0.22% of CommVault Systems worth $5,652,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Capstone Asset Management Co. raised its position in shares of CommVault Systems by 6.0% in the first quarter. Capstone Asset Management Co. now owns 4,263 shares of the software maker’s stock valued at $217,000 after buying an additional 240 shares during the period. Louisiana State Employees Retirement System raised its position in shares of CommVault Systems by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 10,600 shares of the software maker’s stock valued at $538,000 after buying an additional 200 shares during the period. Profund Advisors LLC raised its position in shares of CommVault Systems by 2.3% in the first quarter. Profund Advisors LLC now owns 7,314 shares of the software maker’s stock valued at $372,000 after buying an additional 167 shares during the period. Glen Harbor Capital Management LLC raised its position in shares of CommVault Systems by 2.4% in the first quarter. Glen Harbor Capital Management LLC now owns 2,856 shares of the software maker’s stock valued at $145,000 after buying an additional 68 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its position in shares of CommVault Systems by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 14,679 shares of the software maker’s stock valued at $746,000 after buying an additional 200 shares during the period. 88.71% of the stock is owned by institutional investors.

Shares of CommVault Systems, Inc. (NASDAQ CVLT) opened at 61.05 on Friday. CommVault Systems, Inc. has a 12 month low of $47.61 and a 12 month high of $64.60. The firm has a market cap of $2.78 billion, a PE ratio of 1071.05 and a beta of 1.45. The stock’s 50 day moving average is $59.68 and its 200 day moving average is $54.96.

CommVault Systems (NASDAQ:CVLT) last issued its earnings results on Tuesday, July 25th. The software maker reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.02. CommVault Systems had a return on equity of 0.30% and a net margin of 0.35%. The business had revenue of $165.97 million during the quarter, compared to analysts’ expectations of $159.92 million. During the same quarter in the previous year, the business 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 fiscal year.

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Several research analysts have weighed in on CVLT shares. Mizuho increased their target price on shares of CommVault Systems from $60.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, May 4th. Jefferies Group LLC increased their target price on shares of CommVault Systems from $64.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, May 5th. ValuEngine raised shares of CommVault Systems from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. TheStreet lowered shares of CommVault Systems from a “b” rating to a “c” rating in a research note on Monday, June 5th. Finally, BidaskClub raised shares of CommVault Systems from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. CommVault Systems has a consensus rating of “Buy” and an average target price of $67.70.

In other news, VP Brian Carolan sold 8,000 shares of the business’s stock in a transaction dated Tuesday, July 25th. The stock was 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 owns 82,471 shares in the company, valued at approximately $5,191,549.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gary Merrill sold 15,000 shares of the business’s stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $57.51, for a total value of $862,650.00. Following the sale, the insider now owns 39,312 shares of the company’s stock, valued at approximately $2,260,833.12. The disclosure for this sale can be found here. Insiders have sold a total of 69,247 shares of company stock valued at $4,136,094 in the last quarter. Company 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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