Sterling Capital Management LLC lifted its holdings in CommVault Systems, Inc. (NASDAQ:CVLT) by 15.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,147 shares of the software maker’s stock after purchasing an additional 4,827 shares during the period. Sterling Capital Management LLC owned approximately 0.08% of CommVault Systems worth $2,137,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Los Angeles Capital Management & Equity Research Inc. grew its holdings in CommVault Systems by 0.4% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 52,321 shares of the software maker’s stock worth $2,954,000 after acquiring an additional 200 shares in the last quarter. Arizona State Retirement System lifted its position in shares of CommVault Systems by 1.1% during the 2nd quarter. Arizona State Retirement System now owns 17,600 shares of the software maker’s stock worth $994,000 after buying an additional 200 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of CommVault Systems by 11.9% during 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. Amalgamated Bank lifted its position in shares of CommVault Systems by 4.9% during the 2nd quarter. Amalgamated Bank now owns 5,631 shares of the software maker’s stock worth $318,000 after buying an additional 263 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its position in shares of CommVault Systems by 1.1% during the 2nd quarter. Great West Life Assurance Co. Can now owns 25,089 shares of the software maker’s stock worth $1,415,000 after buying an additional 275 shares during the last quarter. Hedge funds and other institutional investors own 88.39% of the company’s stock.

In related news, insider Gary Merrill sold 7,260 shares of the stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $62.28, for a total value of $452,152.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Brian Carolan sold 4,000 shares of the stock in a transaction dated Monday, October 2nd. The shares were 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. Corporate insiders own 13.40% of the company’s stock.

Several brokerages have recently weighed in on CVLT. BidaskClub downgraded shares of CommVault Systems from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 2nd. Wells Fargo & Company began coverage on shares of CommVault Systems in a research report on Tuesday, November 14th. They set an “outperform” rating and a $64.00 price objective for the company. 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. Jefferies Group restated a “buy” rating on shares of CommVault Systems in a research report on Thursday, October 26th. Finally, Mitsubishi UFJ Financial Group downgraded shares of CommVault Systems from an “overweight” rating to a “neutral” rating in a research report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $70.00.

CommVault Systems, Inc. (CVLT) opened at $53.25 on Monday. CommVault Systems, Inc. has a 12-month low of $47.61 and a 12-month high of $64.60.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings results on Tuesday, October 24th. The software maker reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.05). CommVault Systems had a negative return on equity of 0.17% and a net margin of 0.28%. The company 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 earnings per share. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. equities analysts predict that CommVault Systems, Inc. will post 0.04 earnings per share for the current year.

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About CommVault Systems

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

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