Rothschild Asset Management Inc. Raises Position in CommVault Systems, Inc. (CVLT)

Rothschild Asset Management Inc. boosted its stake in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 6.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 514,727 shares of the software maker’s stock after acquiring an additional 32,849 shares during the period. Rothschild Asset Management Inc. owned 1.11% of CommVault Systems worth $31,295,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. increased its position in CommVault Systems by 1.0% in the 2nd quarter. BlackRock Inc. now owns 4,282,750 shares of the software maker’s stock valued at $241,762,000 after buying an additional 43,400 shares in the last quarter. Vanguard Group Inc. boosted its stake in CommVault Systems by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 3,381,007 shares of the software maker’s stock valued at $190,857,000 after purchasing an additional 29,189 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in CommVault Systems by 36.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,779,168 shares of the software maker’s stock valued at $108,173,000 after purchasing an additional 479,659 shares during the last quarter. Renaissance Technologies LLC boosted its stake in CommVault Systems by 32.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,555,213 shares of the software maker’s stock valued at $87,792,000 after purchasing an additional 377,313 shares during the last quarter. Finally, State Street Corp boosted its stake in CommVault Systems by 3.8% during the 2nd quarter. State Street Corp now owns 1,427,204 shares of the software maker’s stock valued at $80,565,000 after purchasing an additional 52,276 shares during the last quarter. 88.39% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently weighed in on CVLT. KeyCorp restated a “buy” rating and issued a $70.00 target price on shares of CommVault Systems in a research note on Friday, September 1st. Mitsubishi UFJ Financial Group downgraded CommVault Systems from an “overweight” rating to a “neutral” rating in a research note on Wednesday, October 25th. Wells Fargo & Company began coverage on CommVault Systems in a research note on Tuesday, November 14th. They issued an “outperform” rating and a $64.00 target price on the stock. BidaskClub upgraded CommVault Systems from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Finally, Royal Bank Of Canada reiterated a “hold” rating on shares of CommVault Systems in a research note on Monday, October 9th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $70.00.

CommVault Systems, Inc. (NASDAQ CVLT) traded down $0.10 during midday trading on Thursday, reaching $53.75. 379,404 shares of the company’s stock traded hands, compared to its average volume of 381,961. CommVault Systems, Inc. has a twelve month low of $47.61 and a twelve 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 (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.05). The business had revenue of $168.14 million for the quarter, compared to analysts’ expectations of $170.15 million. CommVault Systems had a net margin of 0.28% and a negative return on equity of 0.17%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.25 earnings per share. equities research analysts anticipate that CommVault Systems, Inc. will post 0.04 EPS for the current year.

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 transaction was disclosed in a filing with the Securities & Exchange Commission, 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 stock was 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.

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About CommVault Systems

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

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