Verition Fund Management LLC purchased a new stake in CommVault Systems, Inc. (NASDAQ:CVLT) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 29,908 shares of the software maker’s stock, valued at approximately $1,688,000. Verition Fund Management LLC owned 0.07% of CommVault Systems as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in CVLT. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of 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 buying an additional 203 shares during the period. US Bancorp DE boosted its holdings 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 valued at $119,000 after buying an additional 672 shares during the period. Riverhead Capital Management LLC boosted its holdings in shares of CommVault Systems by 70.9% in the second quarter. Riverhead Capital Management LLC now owns 2,563 shares of the software maker’s stock valued at $145,000 after buying an additional 1,063 shares during the period. Pacad Investment Ltd. boosted its holdings in shares of 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 buying an additional 1,600 shares during the period. Finally, OppenheimerFunds Inc. acquired a new position in shares of CommVault Systems in the first quarter valued at approximately $201,000. Institutional investors own 88.45% of the company’s stock.

CommVault Systems, Inc. (CVLT) traded up 1.14% during mid-day trading on Friday, reaching $62.05. 44,984 shares of the company’s stock traded hands. The company has a 50 day moving average price of $61.03 and a 200-day moving average price of $57.27. CommVault Systems, Inc. has a 12 month low of $47.61 and a 12 month high of $64.60. The stock has a market cap of $2.82 billion, a P/E ratio of 1088.60 and a beta of 1.40.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings data on Tuesday, July 25th. The software maker reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ 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%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.21 EPS. On average, analysts anticipate that CommVault Systems, Inc. will post $1.22 EPS for the current year.

In other CommVault Systems news, VP Brian Carolan sold 8,000 shares of CommVault Systems stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $62.95, for a total transaction of $503,600.00. Following the transaction, the vice president now directly owns 82,471 shares of the company’s stock, valued at approximately $5,191,549.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gary Merrill sold 7,260 shares of CommVault Systems stock in a transaction on Monday, October 9th. The stock was sold at an average price of $62.28, for a total transaction of $452,152.80. The disclosure for this sale can be found here. Insiders have sold a total of 65,507 shares of company stock worth $3,973,197 over the last ninety days. Insiders own 13.40% of the company’s stock.

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Several research analysts recently commented on the stock. Jefferies Group LLC increased their target price on shares of CommVault Systems from $67.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, July 25th. KeyCorp restated a “buy” rating and set a $70.00 target price on shares of CommVault Systems in a report on Friday, September 1st. BidaskClub upgraded shares of CommVault Systems from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Mitsubishi UFJ Financial Group set a $70.00 target price on shares of CommVault Systems and gave the stock a “buy” rating in a report on Tuesday, July 25th. Finally, Royal Bank Of Canada restated a “hold” rating on shares of CommVault Systems in a report on Monday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $70.67.

CommVault Systems Company Profile

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

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