Cornerstone Capital Management Holdings LLC. raised its stake in CommVault Systems, Inc. (NASDAQ:CVLT) by 72.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 74,100 shares of the software maker’s stock after acquiring an additional 31,100 shares during the period. Cornerstone Capital Management Holdings LLC. owned about 0.16% of CommVault Systems worth $4,505,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. BlackRock Inc. grew its position in CommVault Systems by 1.0% in the second quarter. BlackRock Inc. now owns 4,282,750 shares of the software maker’s stock valued at $241,762,000 after acquiring an additional 43,400 shares during the period. Vanguard Group Inc. grew its position in CommVault Systems by 0.9% in the second quarter. Vanguard Group Inc. now owns 3,381,007 shares of the software maker’s stock valued at $190,857,000 after acquiring an additional 29,189 shares during the period. Bank of New York Mellon Corp grew its position in CommVault Systems by 36.9% in the third quarter. Bank of New York Mellon Corp now owns 1,779,168 shares of the software maker’s stock valued at $108,173,000 after acquiring an additional 479,659 shares during the period. Renaissance Technologies LLC grew its position in CommVault Systems by 32.0% in the second quarter. Renaissance Technologies LLC now owns 1,555,213 shares of the software maker’s stock valued at $87,792,000 after acquiring an additional 377,313 shares during the period. Finally, State Street Corp grew its position in CommVault Systems by 3.8% in the second quarter. State Street Corp now owns 1,427,204 shares of the software maker’s stock valued at $80,565,000 after acquiring an additional 52,276 shares during the period. Hedge funds and other institutional investors own 88.39% of the company’s stock.

Shares of CommVault Systems, Inc. (CVLT) opened at $53.25 on Friday. CommVault Systems, Inc. has a 1-year low of $47.61 and a 1-year high of $64.60.

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

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

Several analysts have recently commented on the company. Royal Bank of Canada restated a “hold” rating on shares of CommVault Systems in a report on Monday, October 9th. KeyCorp restated a “buy” rating and set a $70.00 target price on shares of CommVault Systems in a report on Friday, September 1st. Piper Jaffray Companies restated a “buy” rating and set a $74.00 target price on shares of CommVault Systems in a report on Friday, September 1st. BidaskClub upgraded CommVault Systems from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Finally, UBS cut CommVault Systems from an “overweight” rating to a “neutral” rating in a report on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. CommVault Systems has an average rating of “Hold” and a consensus target price of $70.00.

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CommVault Systems Profile

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

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