Arizona State Retirement System cut its holdings in CommVault Systems, Inc. (NASDAQ:CVLT) by 7.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,278 shares of the software maker’s stock after selling 2,089 shares during the quarter. Arizona State Retirement System’s holdings in CommVault Systems were worth $1,909,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. BlueMountain Capital Management LLC boosted its stake in CommVault Systems by 134.5% in the 2nd quarter. BlueMountain Capital Management LLC now owns 2,214 shares of the software maker’s stock worth $146,000 after purchasing an additional 1,270 shares in the last quarter. NumerixS Investment Technologies Inc bought a new position in CommVault Systems in the 2nd quarter worth about $160,000. Oakbrook Investments LLC bought a new position in CommVault Systems in the 2nd quarter worth about $211,000. Brown Advisory Inc. bought a new position in CommVault Systems in the 2nd quarter worth about $217,000. Finally, Hartford Investment Management Co. bought a new position in CommVault Systems in the 2nd quarter worth about $226,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

In other CommVault Systems news, Director Vivie Lee sold 860 shares of the company’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $69.75, for a total transaction of $59,985.00. Following the transaction, the director now owns 4,364 shares in the company, valued at approximately $304,389. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 13.40% of the stock is currently owned by corporate insiders.

CVLT opened at $57.86 on Wednesday. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of -98.07, a P/E/G ratio of 6.63 and a beta of 1.40. CommVault Systems, Inc. has a 52-week low of $48.35 and a 52-week high of $72.65.

CommVault Systems (NASDAQ:CVLT) last posted its earnings results on Tuesday, October 30th. The software maker reported $0.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.03. The business had revenue of $169.08 million for the quarter, compared to analysts’ expectations of $179.08 million. CommVault Systems had a negative net margin of 9.61% and a positive return on equity of 2.96%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.21 EPS. On average, equities research analysts forecast that CommVault Systems, Inc. will post 0.57 earnings per share for the current fiscal year.

A number of equities analysts recently issued reports on CVLT shares. ValuEngine upgraded shares of CommVault Systems from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. BidaskClub cut shares of CommVault Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. Zacks Investment Research cut shares of CommVault Systems from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 25th. Finally, Mitsubishi UFJ Financial Group upped their price target on shares of CommVault Systems and gave the stock a “neutral” rating in a research note on Wednesday, July 25th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. CommVault Systems has a consensus rating of “Buy” and a consensus price target of $76.57.

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About CommVault Systems

Commvault Systems, Inc provides data protection and information management software applications and related services in the United States, Canada, Latin America, Europe, the Middle East, Africa, Australia, New Zealand, Southeast Asia, and China. The company offers data protection, backup, and recovery software solutions for the backup of databases, files, applications, endpoints, and virtual machines according to data type and recovery profile; and help to optimize storage with deduplication, recover data, and leverage reports.

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

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