Swiss National Bank maintained its position in CommVault Systems, Inc. (NASDAQ:CVLT) during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 70,900 shares of the software maker’s stock at the end of the 2nd quarter. Swiss National Bank owned 0.16% of CommVault Systems worth $4,002,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Eagle Asset Management Inc. acquired a new stake in CommVault Systems in the second quarter valued at $15,546,000. Pacad Investment Ltd. increased its holdings in CommVault Systems by 88.9% in the second quarter. Pacad Investment Ltd. now owns 3,400 shares of the software maker’s stock valued at $192,000 after purchasing an additional 1,600 shares during the period. Principal Financial Group Inc. increased its holdings in CommVault Systems by 6.0% in the second quarter. Principal Financial Group Inc. now owns 181,417 shares of the software maker’s stock valued at $10,241,000 after purchasing an additional 10,336 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in CommVault Systems by 11.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,904 shares of the software maker’s stock valued at $107,000 after purchasing an additional 203 shares during the period. Finally, Airain ltd acquired a new stake in CommVault Systems in the second quarter valued at $1,130,000. Institutional investors and hedge funds own 88.45% of the company’s stock.

CommVault Systems, Inc. (NASDAQ CVLT) opened at 60.85 on Monday. CommVault Systems, Inc. has a 12 month low of $47.61 and a 12 month high of $64.60. The company has a market cap of $2.77 billion, a PE ratio of 1067.54 and a beta of 1.44. The company has a 50-day moving average of $59.90 and a 200 day moving average of $55.92.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings data on Tuesday, July 25th. The software maker reported $0.21 EPS for the quarter, topping the consensus estimate of $0.19 by $0.02. CommVault Systems had a net margin of 0.35% and a return on equity of 0.30%. The business had revenue of $165.97 million for the quarter, compared to analyst estimates of $159.92 million. During the same quarter in the previous year, the firm posted $0.21 earnings per share. CommVault Systems’s quarterly revenue was up 9.4% on a year-over-year basis. On average, equities analysts forecast that CommVault Systems, Inc. will post $1.22 earnings per share for the current fiscal year.

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CVLT has been the subject of a number of recent research reports. Jefferies Group LLC restated a “buy” rating and issued a $67.00 price objective on shares of CommVault Systems in a report on Friday, July 14th. Stifel Nicolaus reaffirmed a “buy” rating and set a $75.00 price target (up previously from $68.00) on shares of CommVault Systems in a research report on Wednesday, July 26th. Lake Street Capital upped their price target on shares of CommVault Systems from $63.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, July 26th. BidaskClub raised shares of CommVault Systems from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Finally, Mizuho reaffirmed a “buy” rating and set a $75.00 price target (up previously from $70.00) on shares of CommVault Systems in a research report on Monday, July 24th. One equities 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 company. The company currently has an average rating of “Buy” and a consensus price target of $69.80.

In related news, insider Al Bunte sold 30,001 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $60.01, for a total transaction of $1,800,360.01. Following the sale, the insider now owns 474,780 shares of the company’s stock, valued at $28,491,547.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gary Merrill sold 3,072 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $59.01, for a total transaction of $181,278.72. Following the sale, the insider now directly owns 23,878 shares in the company, valued at approximately $1,409,040.78. The disclosure for this sale can be found here. Insiders have sold 54,247 shares of company stock worth $3,273,444 in the last three months. 13.40% of the stock is currently owned by insiders.

CommVault Systems Profile

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

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