Numeric Investors LLC purchased a new position in shares of CommVault Systems, Inc. (NASDAQ:CVLT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 13,200 shares of the software maker’s stock, valued at approximately $745,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CVLT. BlackRock Inc. boosted its holdings in CommVault Systems by 23,286.9% in the 1st quarter. BlackRock Inc. now owns 4,239,350 shares of the software maker’s stock valued at $215,359,000 after purchasing an additional 4,221,223 shares in the last quarter. Credit Suisse AG boosted its holdings in CommVault Systems by 989.6% in the 1st quarter. Credit Suisse AG now owns 648,563 shares of the software maker’s stock valued at $32,947,000 after purchasing an additional 589,040 shares in the last quarter. FMR LLC purchased a new stake in CommVault Systems in the 2nd quarter valued at approximately $28,624,000. Renaissance Technologies LLC boosted its holdings in CommVault Systems by 32.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,555,213 shares of the software maker’s stock valued at $87,792,000 after purchasing an additional 377,313 shares in the last quarter. Finally, Eagle Asset Management Inc. purchased a new stake in CommVault Systems in the 2nd quarter valued at approximately $15,546,000. 88.45% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CommVault Systems, Inc. (CVLT) opened at 61.35 on Friday. 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 price-to-earnings ratio of 1076.32 and a beta of 1.40. The stock’s 50 day moving average price is $61.03 and its 200 day moving average price is $57.27.

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

A number of equities research analysts have weighed in on CVLT shares. Zacks Investment Research lowered CommVault Systems from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Mizuho reaffirmed a “buy” rating and issued a $62.00 price objective on shares of CommVault Systems in a report on Tuesday, June 20th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $74.00 price objective on shares of CommVault Systems in a report on Friday, September 1st. Mitsubishi UFJ Financial Group set a $70.00 price objective on CommVault Systems and gave the company a “buy” rating in a report on Tuesday, July 25th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $67.00 price objective on shares of CommVault Systems in a report on Friday, July 14th. One 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 stock currently has a consensus rating of “Buy” and an average target price of $70.67.

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 shares were sold at an average price of $59.01, for a total value of $181,278.72. Following the completion of the transaction, the insider now owns 23,878 shares of the company’s stock, valued at approximately $1,409,040.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Brian Carolan sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $59.90, for a total transaction of $239,600.00. Following the completion of the transaction, the vice president now directly owns 79,793 shares of the company’s stock, valued at approximately $4,779,600.70. The disclosure for this sale can be found here. Insiders have sold 65,507 shares of company stock valued at $3,973,197 over the last 90 days. 13.40% of the stock is currently owned by insiders.

COPYRIGHT VIOLATION NOTICE: “Numeric Investors LLC Takes $745,000 Position in CommVault Systems, Inc. (CVLT)” was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/10/13/numeric-investors-llc-takes-745000-position-in-commvault-systems-inc-cvlt.html.

CommVault Systems Profile

Want to see what other hedge funds are holding CVLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CommVault Systems, Inc. (NASDAQ:CVLT).

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

Receive News & Stock Ratings for CommVault Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CommVault Systems Inc. and related stocks with our FREE daily email newsletter.