Quantbot Technologies LP decreased its position in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 65.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,781 shares of the software maker’s stock after selling 10,729 shares during the period. Quantbot Technologies LP’s holdings in CommVault Systems were worth $326,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of CommVault Systems by 11.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,904 shares of the software maker’s stock worth $107,000 after acquiring an additional 203 shares during the last quarter. US Bancorp DE lifted its stake in shares of CommVault Systems by 47.0% during the 2nd quarter. US Bancorp DE now owns 2,102 shares of the software maker’s stock worth $119,000 after acquiring an additional 672 shares during the last quarter. Riverhead Capital Management LLC lifted its stake in shares of CommVault Systems by 70.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,563 shares of the software maker’s stock worth $145,000 after acquiring an additional 1,063 shares during the last quarter. Pacad Investment Ltd. lifted its stake in shares of CommVault Systems by 88.9% during the 2nd quarter. Pacad Investment Ltd. now owns 3,400 shares of the software maker’s stock worth $192,000 after acquiring an additional 1,600 shares during the last quarter. Finally, OppenheimerFunds Inc. bought a new stake in shares of CommVault Systems during the 1st quarter worth approximately $201,000. Institutional investors and hedge funds own 88.45% of the company’s stock.

Shares of CommVault Systems, Inc. (NASDAQ CVLT) opened at 61.30 on Tuesday. CommVault Systems, Inc. has a 52-week low of $47.61 and a 52-week high of $64.60. The stock has a market cap of $2.79 billion, a PE ratio of 1075.44 and a beta of 1.40. The company’s 50-day moving average is $60.27 and its 200-day moving average is $56.66.

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

A number of research analysts have recently commented on CVLT shares. Royal Bank Of Canada restated a “hold” rating and issued a $67.00 price target on shares of CommVault Systems in a report on Monday, September 4th. KeyCorp reaffirmed a “buy” rating and issued a $70.00 price target on shares of CommVault Systems in a research note on Friday, September 1st. Piper Jaffray Companies reiterated a “buy” rating and set a $74.00 price objective on shares of CommVault Systems in a report on Friday, September 1st. BidaskClub upgraded shares of CommVault Systems from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Finally, Mitsubishi UFJ Financial Group set a $70.00 price objective on shares of CommVault Systems and gave the company a “buy” rating in a research report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $69.80.

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In related news, insider Gary Merrill sold 3,072 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $59.01, for a total transaction of $181,278.72. Following the transaction, the insider now owns 23,878 shares in the company, valued at approximately $1,409,040.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Brian Carolan sold 9,174 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $59.80, for a total value of $548,605.20. Following the transaction, the vice president now owns 74,513 shares in the company, valued at approximately $4,455,877.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 54,247 shares of company stock worth $3,273,444. Insiders own 13.40% of the company’s stock.

About CommVault Systems

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

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