Loomis Sayles & Co. L P lifted its holdings in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 3.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 228,647 shares of the software maker’s stock after acquiring an additional 7,011 shares during the period. Loomis Sayles & Co. L P owned 0.49% of CommVault Systems worth $16,005,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Arizona State Retirement System raised its position in shares of CommVault Systems by 3.7% during the 2nd quarter. Arizona State Retirement System now owns 29,367 shares of the software maker’s stock worth $1,934,000 after acquiring an additional 1,048 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its position in CommVault Systems by 17.4% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 7,430 shares of the software maker’s stock worth $520,000 after buying an additional 1,100 shares during the period. BlueMountain Capital Management LLC increased its position in CommVault Systems by 134.5% during the second quarter. BlueMountain Capital Management LLC now owns 2,214 shares of the software maker’s stock worth $146,000 after buying an additional 1,270 shares during the period. US Bancorp DE increased its position in CommVault Systems by 34.3% during the third quarter. US Bancorp DE now owns 5,109 shares of the software maker’s stock worth $357,000 after buying an additional 1,306 shares during the period. Finally, MetLife Investment Advisors LLC increased its position in CommVault Systems by 3.4% during the second quarter. MetLife Investment Advisors LLC now owns 44,540 shares of the software maker’s stock worth $2,933,000 after buying an additional 1,453 shares during the period. 89.46% of the stock is currently owned by institutional investors and hedge funds.
In other CommVault Systems news, CEO N Robert Hammer sold 180,000 shares of CommVault Systems stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $57.33, for a total value of $10,319,400.00. Following the transaction, the chief executive officer now directly owns 2,799,411 shares in the company, valued at approximately $160,490,232.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Vivie Lee sold 860 shares of CommVault Systems stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $69.75, for a total value of $59,985.00. Following the completion of the transaction, the director now owns 4,364 shares in the company, valued at $304,389. The disclosure for this sale can be found here. Company insiders own 13.40% of the company’s stock.
Several research analysts have commented on CVLT shares. ValuEngine lowered CommVault Systems from a “buy” rating to a “hold” rating in a research report on Saturday, August 18th. BidaskClub lowered CommVault Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, August 21st. Zacks Investment Research lowered CommVault Systems from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 25th. Finally, JMP Securities lowered CommVault Systems from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 30th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. CommVault Systems currently has a consensus rating of “Buy” and an average target price of $76.57.
CVLT opened at $56.24 on Friday. The company has a market cap of $2.65 billion, a price-to-earnings ratio of 249.17, a PEG ratio of 6.39 and a beta of 1.43. CommVault Systems, Inc. has a 52 week low of $48.35 and a 52 week high of $72.65.
CommVault Systems (NASDAQ:CVLT) last released its quarterly earnings results on Tuesday, October 30th. The software maker reported $0.40 EPS for the quarter, topping the consensus estimate of $0.37 by $0.03. CommVault Systems had a positive return on equity of 2.96% and a negative net margin of 9.61%. The company had revenue of $169.08 million for the quarter, compared to analyst estimates of $179.08 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. The firm’s revenue was up .6% compared to the same quarter last year. Equities analysts expect that CommVault Systems, Inc. will post 0.57 EPS for the current year.
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About CommVault Systems
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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