Victory Capital Management Inc. decreased its position in CommVault Systems, Inc. (NASDAQ:CVLT) by 30.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,037,013 shares of the software maker’s stock after selling 453,908 shares during the period. Victory Capital Management Inc. owned about 2.28% of CommVault Systems worth $58,539,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the company. US Bancorp DE raised 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 period. Meadow Creek Investment Management LLC raised its position in shares of 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 worth $120,000 after buying an additional 56 shares during the period. Glen Harbor Capital Management LLC raised its position in shares of 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 worth $145,000 after buying an additional 68 shares during the period. LS Investment Advisors LLC raised its position in shares of CommVault Systems by 22.6% in the first quarter. LS Investment Advisors LLC now owns 3,455 shares of the software maker’s stock worth $176,000 after buying an additional 636 shares during the period. Finally, OppenheimerFunds Inc. bought a new position in shares of CommVault Systems during the first quarter worth about $201,000. 88.71% of the stock is currently owned by institutional investors and hedge funds.

Shares of CommVault Systems, Inc. (NASDAQ:CVLT) opened at 59.80 on Monday. The stock has a 50 day moving average of $59.37 and a 200 day moving average of $54.69. CommVault Systems, Inc. has a 52 week low of $47.61 and a 52 week high of $64.60. The firm has a market cap of $2.72 billion, a P/E ratio of 1049.12 and a beta of 1.45.

CommVault Systems (NASDAQ:CVLT) last announced its earnings results on Tuesday, July 25th. The software maker reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The business had revenue of $165.97 million for the quarter, compared to analyst estimates of $159.92 million. CommVault Systems had a return on equity of 0.30% and a net margin of 0.35%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.21 EPS. Analysts anticipate that CommVault Systems, Inc. will post $1.22 earnings per share for the current fiscal year.

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CVLT has been the topic of a number of research reports. Mizuho reaffirmed a “buy” rating and set a $75.00 target price (up previously from $70.00) on shares of CommVault Systems in a research report on Monday, July 24th. Jefferies Group LLC reiterated a “buy” rating and set a $67.00 price target on shares of CommVault Systems in a research note on Friday, July 14th. Lake Street Capital upgraded shares of CommVault Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, May 3rd. Finally, BidaskClub upgraded shares of CommVault Systems from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. CommVault Systems presently has an average rating of “Buy” and an average target price of $67.00.

In other news, VP Brian Carolan sold 8,000 shares of the company’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $62.95, for a total value of $503,600.00. Following the completion of the transaction, the vice president now directly owns 82,471 shares in the company, valued at approximately $5,191,549.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gary Merrill sold 15,000 shares of the company’s stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $57.51, for a total value of $862,650.00. Following the completion of the transaction, the insider now owns 39,312 shares of the company’s stock, valued at $2,260,833.12. The disclosure for this sale can be found here. Insiders sold a total of 69,247 shares of company stock worth $4,136,094 over the last 90 days. Corporate insiders own 13.40% of the company’s stock.

CommVault Systems Company Profile

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

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