Vanguard Group Inc. lifted its stake in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,381,007 shares of the software maker’s stock after acquiring an additional 29,189 shares during the quarter. Vanguard Group Inc. owned 7.43% of CommVault Systems worth $190,857,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of CommVault Systems by 1.0% during the 2nd quarter. BlackRock Inc. now owns 4,282,750 shares of the software maker’s stock worth $241,762,000 after acquiring an additional 43,400 shares in the last quarter. State Street Corp boosted its position in shares of CommVault Systems by 1.8% in the first quarter. State Street Corp now owns 1,374,928 shares of the software maker’s stock worth $69,850,000 after buying an additional 24,071 shares during the period. Northern Trust Corp boosted its position in shares of CommVault Systems by 3.5% in the second quarter. Northern Trust Corp now owns 686,561 shares of the software maker’s stock worth $38,755,000 after buying an additional 23,184 shares during the period. Credit Suisse AG boosted its position in shares of CommVault Systems by 989.6% in the first quarter. Credit Suisse AG now owns 648,563 shares of the software maker’s stock worth $32,947,000 after buying an additional 589,040 shares during the period. Finally, Ardevora Asset Management LLP boosted its position in shares of CommVault Systems by 18.3% in the second quarter. Ardevora Asset Management LLP now owns 644,500 shares of the software maker’s stock worth $36,382,000 after buying an additional 99,600 shares during the period. 88.46% of the stock is owned by institutional investors and hedge funds.

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In related news, VP Brian Carolan sold 8,000 shares of the company’s stock in a transaction on 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 directly owns 82,471 shares of the company’s stock, valued at approximately $5,191,549.45. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Gary Merrill sold 3,072 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $59.01, for a total transaction of $181,278.72. Following the completion of the transaction, the insider now directly owns 23,878 shares of the company’s stock, valued at $1,409,040.78. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,507 shares of company stock valued at $3,733,597. Company insiders own 13.40% of the company’s stock.

Several brokerages have recently commented on CVLT. Jefferies Group LLC raised their target price on CommVault Systems from $67.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, July 25th. KeyCorp reaffirmed a “buy” rating and issued a $70.00 target price on shares of CommVault Systems in a research report on Friday, September 1st. BidaskClub raised CommVault Systems from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Mitsubishi UFJ Financial Group set a $70.00 target price on CommVault Systems and gave the stock a “buy” rating in a research report on Tuesday, July 25th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating on shares of CommVault Systems in a research report on Monday, October 9th. One investment 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 stock currently has an average rating of “Buy” and an average target price of $70.67.

Shares of CommVault Systems, Inc. (NASDAQ:CVLT) opened at 62.00 on Tuesday. CommVault Systems, Inc. has a 52-week low of $47.61 and a 52-week high of $64.60. The company’s 50-day moving average price is $61.12 and its 200-day moving average price is $57.48. The firm has a market cap of $2.82 billion, a PE ratio of 1087.72 and a beta of 1.40.

CommVault Systems (NASDAQ:CVLT) last released its quarterly earnings data on Tuesday, July 25th. The software maker reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.02. CommVault Systems had a net margin of 0.35% and a return on equity of 0.30%. 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 prior year, the company earned $0.21 EPS. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. Equities analysts expect that CommVault Systems, Inc. will post $1.22 earnings per share for the current fiscal year.

CommVault Systems Company Profile

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

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