Pendal Group Ltd purchased a new position in shares of CommVault Systems, Inc. (NASDAQ:CVLT) in the third quarter, HoldingsChannel reports. The firm purchased 23,600 shares of the software maker’s stock, valued at approximately $1,652,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in CVLT. Colony Group LLC purchased a new position in CommVault Systems during the 2nd quarter valued at about $2,269,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in CommVault Systems during the 2nd quarter valued at about $752,000. SG Americas Securities LLC boosted its holdings in CommVault Systems by 29.7% during the 2nd quarter. SG Americas Securities LLC now owns 8,081 shares of the software maker’s stock valued at $532,000 after acquiring an additional 1,849 shares during the period. Verition Fund Management LLC purchased a new position in CommVault Systems during the 2nd quarter valued at about $255,000. Finally, Chartwell Investment Partners LLC purchased a new position in CommVault Systems during the 2nd quarter valued at about $14,180,000. Institutional investors and hedge funds own 90.93% of the company’s stock.
CVLT stock opened at $59.44 on Friday. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of -100.75, a P/E/G ratio of 6.73 and a beta of 1.40. CommVault Systems, Inc. has a 1 year low of $48.35 and a 1 year high of $72.65.
CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings results on Tuesday, October 30th. The software maker reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. The company had revenue of $169.08 million for the quarter, compared to analyst estimates of $179.08 million. CommVault Systems had a positive return on equity of 2.96% and a negative net margin of 9.61%. CommVault Systems’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the company earned $0.21 EPS. Equities research analysts expect that CommVault Systems, Inc. will post 0.57 earnings per share for the current fiscal year.
A number of equities analysts recently commented on the company. JMP Securities cut CommVault Systems from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 30th. Zacks Investment Research upgraded CommVault Systems from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a report on Tuesday, October 9th. ValuEngine upgraded CommVault Systems from a “hold” rating to a “buy” rating in a report on Friday, October 26th. BidaskClub cut CommVault Systems from a “hold” rating to a “sell” rating in a report on Tuesday, August 21st. Finally, Mitsubishi UFJ Financial Group raised their target price on CommVault Systems and gave the company a “neutral” rating in a report on Wednesday, July 25th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $76.57.
In other CommVault Systems news, Director Vivie Lee sold 860 shares of the stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $69.75, for a total value of $59,985.00. Following the sale, the director now owns 4,364 shares of the company’s stock, valued at approximately $304,389. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 13.40% of the stock is owned by company insiders.
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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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