Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its holdings in CommVault Systems, Inc. (NASDAQ:CVLT) by 0.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,101 shares of the software maker’s stock after selling 23 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in CommVault Systems were worth $344,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CVLT. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in 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 buying an additional 203 shares during the last quarter. US Bancorp DE boosted its stake in CommVault Systems by 47.0% in the 2nd quarter. US Bancorp DE now owns 2,102 shares of the software maker’s stock worth $119,000 after buying an additional 672 shares during the last quarter. Meadow Creek Investment Management LLC boosted its stake in CommVault Systems by 2.4% in the 1st quarter. Meadow Creek Investment Management LLC now owns 2,352 shares of the software maker’s stock worth $120,000 after buying an additional 56 shares during the last quarter. LS Investment Advisors LLC boosted its stake in CommVault Systems by 22.6% in the 1st 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 last quarter. Finally, Pacad Investment Ltd. boosted its stake in CommVault Systems by 88.9% in the 2nd quarter. Pacad Investment Ltd. now owns 3,400 shares of the software maker’s stock worth $192,000 after buying an additional 1,600 shares during the last quarter. 88.45% of the stock is currently owned by hedge funds and other institutional investors.

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CommVault Systems, Inc. (NASDAQ CVLT) opened at 60.85 on Friday. CommVault Systems, Inc. has a 12-month low of $47.61 and a 12-month high of $64.60. The stock has a 50 day moving average price of $59.90 and a 200-day moving average price of $55.92. The stock has a market capitalization of $2.77 billion, a P/E ratio of 1067.54 and a beta of 1.44.

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

A number of analysts have issued reports on the company. Jefferies Group LLC raised their price target on CommVault Systems from $67.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, July 25th. BidaskClub raised CommVault Systems from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Stifel Nicolaus reissued a “buy” rating and issued a $75.00 price target (up from $68.00) on shares of CommVault Systems in a research note on Wednesday, July 26th. Mizuho reissued a “buy” rating and issued a $75.00 price target (up from $70.00) on shares of CommVault Systems in a research note on Monday, July 24th. Finally, TheStreet lowered CommVault Systems from a “b” rating to a “c” rating in a research note on Monday, June 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $69.80.

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

About CommVault Systems

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

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