Texas Permanent School Fund grew its holdings in CommVault Systems, Inc. (NASDAQ:CVLT) by 2.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,177 shares of the software maker’s stock after acquiring an additional 733 shares during the period. Texas Permanent School Fund’s holdings in CommVault Systems were worth $1,695,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of CVLT. Lunia Capital LP grew its position in CommVault Systems by 4,687.4% in the fourth quarter. Lunia Capital LP now owns 16,642,403 shares of the software maker’s stock worth $16,642,000 after acquiring an additional 16,294,775 shares in the last quarter. Norges Bank bought a new stake in CommVault Systems in the fourth quarter worth approximately $36,755,000. Assenagon Asset Management S.A. bought a new stake in CommVault Systems in the first quarter worth approximately $24,847,000. Intrinsic Edge Capital Management LLC bought a new stake in CommVault Systems in the fourth quarter worth approximately $21,656,000. Finally, Prudential Financial Inc. grew its position in CommVault Systems by 76.7% in the fourth quarter. Prudential Financial Inc. now owns 554,003 shares of the software maker’s stock worth $32,736,000 after acquiring an additional 240,530 shares in the last quarter. 92.32% of the stock is owned by institutional investors.

Shares of CommVault Systems stock traded down $0.21 on Wednesday, reaching $48.61. The stock had a trading volume of 1,154 shares, compared to its average volume of 538,331. CommVault Systems, Inc. has a fifty-two week low of $48.56 and a fifty-two week high of $72.65. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of 81.05, a PEG ratio of 6.99 and a beta of 1.10.

CommVault Systems (NASDAQ:CVLT) last issued its quarterly earnings data on Tuesday, April 30th. The software maker reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.22. CommVault Systems had a net margin of 0.50% and a return on equity of 6.30%. The business had revenue of $181.40 million during the quarter, compared to analysts’ expectations of $189.02 million. During the same period in the previous year, the company earned $0.31 earnings per share. CommVault Systems’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, equities research analysts anticipate that CommVault Systems, Inc. will post 0.45 EPS for the current year.

Several analysts have commented on the stock. Lake Street Capital downgraded shares of CommVault Systems from a “buy” rating to a “hold” rating and decreased their target price for the stock from $69.00 to $60.00 in a research report on Tuesday, April 30th. Piper Jaffray Companies downgraded shares of CommVault Systems from an “overweight” rating to a “neutral” rating and set a $66.00 target price for the company. in a research report on Monday, February 11th. Zacks Investment Research downgraded shares of CommVault Systems from a “hold” rating to a “sell” rating in a research report on Monday, May 6th. Jefferies Financial Group reduced their price objective on shares of CommVault Systems to $65.00 and set a “buy” rating for the company in a research note on Tuesday, April 30th. They noted that the move was a valuation call. Finally, BidaskClub cut shares of CommVault Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 6th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $67.83.

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CommVault Systems Company Profile

Commvault Systems, Inc provides data protection and information management software applications and related services in the United States, Canada, Latin America, Europe, the Middle East, Africa, Australia, New Zealand, Southeast Asia, and China. The company offers data protection, backup, and recovery software solutions for the backup of databases, files, applications, endpoints, and virtual machines according to data type and recovery profile; and help to optimize storage with deduplication, recover data, and leverage reports.

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

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