CommVault Systems, Inc. (CVLT) Stake Boosted by Bessemer Group Inc.
Bessemer Group Inc. raised its position in CommVault Systems, Inc. (NASDAQ:CVLT) by 0.5% during the second quarter, Holdings Channel reports. The fund owned 40,300 shares of the software maker’s stock after buying an additional 200 shares during the period. Bessemer Group Inc.’s holdings in CommVault Systems were worth $2,275,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of CVLT. US Bancorp DE increased its position in shares of CommVault Systems by 47.0% in the second quarter. US Bancorp DE now owns 2,102 shares of the software maker’s stock worth $119,000 after buying an additional 672 shares during the last quarter. Meadow Creek Investment Management LLC increased its position in CommVault Systems by 2.4% in the first quarter. Meadow Creek Investment Management LLC now owns 2,352 shares of the software maker’s stock valued at $120,000 after buying an additional 56 shares during the last quarter. Glen Harbor Capital Management LLC increased its position in CommVault Systems by 2.4% in the first quarter. Glen Harbor Capital Management LLC now owns 2,856 shares of the software maker’s stock valued at $145,000 after buying an additional 68 shares during the last quarter. LS Investment Advisors LLC increased its position in CommVault Systems by 22.6% in the first quarter. LS Investment Advisors LLC now owns 3,455 shares of the software maker’s stock valued at $176,000 after buying an additional 636 shares during the last quarter. Finally, OppenheimerFunds Inc. purchased a new position in CommVault Systems during the first quarter valued at about $201,000. 88.36% of the stock is currently owned by institutional investors and hedge funds.
Shares of CommVault Systems, Inc. (NASDAQ:CVLT) opened at 58.30 on Thursday. CommVault Systems, Inc. has a 12 month low of $47.61 and a 12 month high of $64.60. The company has a 50-day moving average of $58.77 and a 200-day moving average of $54.04. The stock has a market capitalization of $2.65 billion, a PE ratio of 1022.81 and a beta of 1.45.
CommVault Systems (NASDAQ:CVLT) last issued its quarterly earnings data on Tuesday, July 25th. The software maker reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.02. The firm had revenue of $165.97 million for the quarter, compared to the consensus estimate of $159.92 million. CommVault Systems had a net margin of 0.35% and a return on equity of 0.30%. CommVault Systems’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the firm posted $0.21 EPS. On average, equities research analysts expect that CommVault Systems, Inc. will post $1.22 EPS for the current fiscal year.
Several equities analysts recently issued reports on the company. Jefferies Group LLC upped their target price on CommVault Systems from $67.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, July 25th. Stifel Nicolaus reaffirmed a “buy” rating and set a $75.00 price target (up from $68.00) on shares of CommVault Systems in a research report on Wednesday, July 26th. Lake Street Capital increased their target price on shares of CommVault Systems from $63.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, July 26th. Mitsubishi UFJ Financial Group set a $70.00 target price on shares of CommVault Systems and gave the stock a “buy” rating in a research note on Tuesday, July 25th. Finally, BidaskClub raised shares of CommVault Systems from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. CommVault Systems currently has a consensus rating of “Buy” and an average target price of $67.00.
In related news, VP Brian Carolan sold 4,000 shares of CommVault Systems stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $59.90, for a total value of $239,600.00. Following the sale, the vice president now directly owns 79,793 shares in the company, valued at approximately $4,779,600.70. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Armando Geday sold 7,500 shares of CommVault Systems stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $55.56, for a total transaction of $416,700.00. Following the completion of the sale, the director now owns 76,139 shares in the company, valued at $4,230,282.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 69,747 shares of company stock worth $4,111,755. 13.40% of the stock is currently owned by insiders.
About CommVault Systems
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