Cramer Rosenthal Mcglynn LLC raised its stake in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 10.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 593,166 shares of the software maker’s stock after acquiring an additional 55,602 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned approximately 1.31% of CommVault Systems worth $29,433,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of CVLT. Canada Pension Plan Investment Board lifted its holdings in shares of CommVault Systems by 316.9% during the second quarter. Canada Pension Plan Investment Board now owns 389,000 shares of the software maker’s stock valued at $19,302,000 after acquiring an additional 295,700 shares during the period. State of New Jersey Common Pension Fund D bought a new position in shares of CommVault Systems in the second quarter valued at about $12,901,000. Marshall Wace LLP raised its holdings in shares of CommVault Systems by 798.4% in the first quarter. Marshall Wace LLP now owns 239,797 shares of the software maker’s stock valued at $15,524,000 after buying an additional 213,106 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd grew its position in shares of CommVault Systems by 36.4% during the 1st quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 665,518 shares of the software maker’s stock worth $43,085,000 after buying an additional 177,690 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of CommVault Systems by 75.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 284,709 shares of the software maker’s stock valued at $16,822,000 after purchasing an additional 122,516 shares in the last quarter. 87.19% of the stock is owned by institutional investors.

NASDAQ:CVLT traded down $0.08 during mid-day trading on Friday, reaching $45.98. The stock had a trading volume of 20,706 shares, compared to its average volume of 421,883. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 76.63, a price-to-earnings-growth ratio of 12.46 and a beta of 1.11. CommVault Systems, Inc. has a 1-year low of $40.73 and a 1-year high of $70.70. The stock’s 50 day simple moving average is $44.05 and its two-hundred day simple moving average is $52.85. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.91 and a quick ratio of 1.91.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings results on Tuesday, July 30th. The software maker reported $0.03 EPS for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.02. CommVault Systems had a return on equity of 6.57% and a net margin of 0.76%. The business had revenue of $162.20 million during the quarter, compared to the consensus estimate of $170.53 million. During the same period last year, the firm earned $0.36 earnings per share. The company’s revenue for the quarter was down 7.9% compared to the same quarter last year. Sell-side analysts anticipate that CommVault Systems, Inc. will post 0.24 EPS for the current fiscal year.

CVLT has been the subject of several research reports. Zacks Investment Research upgraded CommVault Systems from a “sell” rating to a “hold” rating in a research report on Thursday. BidaskClub upgraded CommVault Systems from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Royal Bank of Canada set a $50.00 target price on CommVault Systems and gave the company a “hold” rating in a research note on Wednesday, July 31st. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. CommVault Systems presently has a consensus rating of “Hold” and an average target price of $62.83.

CommVault Systems Profile

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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