Alyeska Investment Group L.P. raised its holdings in CommVault Systems, Inc. (NASDAQ:CVLT) by 60.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 208,390 shares of the software maker’s stock after acquiring an additional 78,773 shares during the quarter. Alyeska Investment Group L.P. owned 0.45% of CommVault Systems worth $12,670,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. BlackRock Inc. lifted its holdings in CommVault Systems by 1.0% in the 2nd quarter. BlackRock Inc. now owns 4,282,750 shares of the software maker’s stock valued at $241,762,000 after acquiring an additional 43,400 shares during the last quarter. Vanguard Group Inc. lifted its stake in CommVault Systems by 0.9% during the second quarter. Vanguard Group Inc. now owns 3,381,007 shares of the software maker’s stock valued at $190,857,000 after buying an additional 29,189 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in CommVault Systems by 36.9% during the third quarter. Bank of New York Mellon Corp now owns 1,779,168 shares of the software maker’s stock valued at $108,173,000 after buying an additional 479,659 shares in the last quarter. Renaissance Technologies LLC lifted its stake in CommVault Systems by 32.0% during the second quarter. Renaissance Technologies LLC now owns 1,555,213 shares of the software maker’s stock valued at $87,792,000 after buying an additional 377,313 shares in the last quarter. Finally, State Street Corp lifted its stake in CommVault Systems by 3.8% during the second quarter. State Street Corp now owns 1,427,204 shares of the software maker’s stock valued at $80,565,000 after buying an additional 52,276 shares in the last quarter. 88.39% of the stock is owned by institutional investors.

In other news, insider Gary Merrill sold 7,260 shares of the stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $62.28, for a total value of $452,152.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Brian Carolan sold 4,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $61.90, for a total transaction of $247,600.00. The disclosure for this sale can be found here. 13.40% of the stock is owned by corporate insiders.

A number of research firms have commented on CVLT. Mitsubishi UFJ Financial Group lowered shares of CommVault Systems from an “overweight” rating to a “neutral” rating in a research note on Wednesday, October 25th. UBS lowered shares of CommVault Systems from an “overweight” rating to a “neutral” rating in a research note on Tuesday, October 24th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of CommVault Systems in a research note on Monday, October 9th. Jefferies Group reaffirmed a “buy” rating on shares of CommVault Systems in a research note on Thursday, October 26th. Finally, BidaskClub raised shares of CommVault Systems from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. CommVault Systems has a consensus rating of “Hold” and an average price target of $70.00.

Shares of CommVault Systems, Inc. (NASDAQ:CVLT) opened at $53.30 on Monday. CommVault Systems, Inc. has a 52-week low of $47.61 and a 52-week high of $64.60.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings results on Tuesday, October 24th. The software maker reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.05). The company had revenue of $168.14 million during the quarter, compared to analysts’ expectations of $170.15 million. CommVault Systems had a negative return on equity of 0.17% and a net margin of 0.28%. CommVault Systems’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $0.25 earnings per share. research analysts predict that CommVault Systems, Inc. will post 0.04 earnings per share for the current fiscal year.

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About CommVault Systems

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

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