RMB Capital Management LLC Buys 6,428 Shares of CommVault Systems, Inc. (CVLT)

RMB Capital Management LLC lifted its stake in CommVault Systems, Inc. (NASDAQ:CVLT) by 11.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,382 shares of the software maker’s stock after buying an additional 6,428 shares during the quarter. RMB Capital Management LLC owned about 0.13% of CommVault Systems worth $3,568,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC grew its position in shares of CommVault Systems by 28.8% during the third quarter. FMR LLC now owns 2,301,297 shares of the software maker’s stock worth $161,091,000 after purchasing an additional 513,975 shares in the last quarter. Prudential Financial Inc. grew its position in shares of CommVault Systems by 977.0% during the third quarter. Prudential Financial Inc. now owns 313,473 shares of the software maker’s stock worth $21,943,000 after purchasing an additional 284,366 shares in the last quarter. AQR Capital Management LLC grew its position in shares of CommVault Systems by 304.4% during the third quarter. AQR Capital Management LLC now owns 270,716 shares of the software maker’s stock worth $18,950,000 after purchasing an additional 203,772 shares in the last quarter. Mackenzie Financial Corp grew its position in shares of CommVault Systems by 16.0% during the fourth quarter. Mackenzie Financial Corp now owns 1,388,279 shares of the software maker’s stock worth $82,033,000 after purchasing an additional 191,800 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of CommVault Systems by 118.9% during the third quarter. JPMorgan Chase & Co. now owns 323,713 shares of the software maker’s stock worth $22,660,000 after purchasing an additional 175,861 shares in the last quarter. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Gary Merrill sold 1,385 shares of the firm’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $67.87, for a total transaction of $93,999.95. Following the completion of the sale, the insider now directly owns 16,152 shares of the company’s stock, valued at approximately $1,096,236.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Al Bunte sold 64,167 shares of the firm’s stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $67.82, for a total value of $4,351,805.94. Following the sale, the chief operating officer now directly owns 486,177 shares of the company’s stock, valued at $32,972,524.14. The disclosure for this sale can be found here. In the last quarter, insiders sold 73,052 shares of company stock valued at $4,955,806. Company insiders own 13.40% of the company’s stock.

NASDAQ CVLT opened at $65.09 on Friday. The company has a market cap of $3.01 billion, a price-to-earnings ratio of -110.32, a PEG ratio of 5.24 and a beta of 1.24. CommVault Systems, Inc. has a 1-year low of $51.53 and a 1-year high of $72.65.

CommVault Systems (NASDAQ:CVLT) last announced its earnings results on Tuesday, January 29th. The software maker reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.12. The firm had revenue of $184.28 million during the quarter, compared to analysts’ expectations of $180.66 million. CommVault Systems had a return on equity of 5.78% and a net margin of 0.57%. The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.30 EPS. As a group, equities research analysts expect that CommVault Systems, Inc. will post 0.79 earnings per share for the current fiscal year.

Several equities analysts have weighed in on CVLT shares. BidaskClub cut CommVault Systems from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 6th. Zacks Investment Research upgraded CommVault Systems from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a report on Thursday, January 10th. ValuEngine upgraded CommVault Systems from a “hold” rating to a “buy” rating in a report on Thursday, December 20th. Lake Street Capital raised their price target on CommVault Systems to $69.00 and gave the company a “buy” rating in a report on Wednesday, January 30th. Finally, Piper Jaffray Companies cut CommVault Systems from an “overweight” rating to a “neutral” rating and set a $66.00 price target for the company. in a report on Monday, February 11th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $75.00.

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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.

Further Reading: Market Capitalization and Individual Investors

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

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