New York State Common Retirement Fund Has $2.59 Million Stake in CommVault Systems, Inc. (CVLT)

New York State Common Retirement Fund trimmed its position in CommVault Systems, Inc. (NASDAQ:CVLT) by 0.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,840 shares of the software maker’s stock after selling 1 shares during the quarter. New York State Common Retirement Fund owned about 0.10% of CommVault Systems worth $2,588,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of CommVault Systems by 1.0% in the second quarter. BlackRock Inc. now owns 4,282,750 shares of the software maker’s stock worth $241,762,000 after buying an additional 43,400 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of CommVault Systems by 5.0% in the first quarter. Vanguard Group Inc. now owns 3,351,818 shares of the software maker’s stock worth $170,273,000 after buying an additional 160,321 shares during the last quarter. State Street Corp lifted its stake in shares of CommVault Systems by 1.8% in the first quarter. State Street Corp now owns 1,374,928 shares of the software maker’s stock worth $69,850,000 after buying an additional 24,071 shares during the last quarter. Credit Suisse AG lifted its stake in shares of CommVault Systems by 989.6% in the first quarter. Credit Suisse AG now owns 648,563 shares of the software maker’s stock worth $32,947,000 after buying an additional 589,040 shares during the last quarter. Finally, Ardevora Asset Management LLP lifted its stake in shares of CommVault Systems by 18.3% in the second quarter. Ardevora Asset Management LLP now owns 644,500 shares of the software maker’s stock worth $36,382,000 after buying an additional 99,600 shares during the last quarter. Institutional investors and hedge funds own 88.46% of the company’s stock.

CVLT has been the subject of a number of analyst reports. Zacks Investment Research cut shares of CommVault Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Piper Jaffray Companies restated a “buy” rating and issued a $74.00 price objective on shares of CommVault Systems in a research note on Friday, September 1st. Mitsubishi UFJ Financial Group set a $70.00 price objective on shares of CommVault Systems and gave the stock a “buy” rating in a research note on Tuesday, July 25th. KeyCorp restated a “buy” rating and issued a $70.00 price objective on shares of CommVault Systems in a research note on Friday, September 1st. Finally, Jefferies Group LLC restated a “buy” rating and issued a $67.00 price objective on shares of CommVault Systems in a research note on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. CommVault Systems currently has a consensus rating of “Buy” and a consensus target price of $70.67.

In other news, insider Al Bunte sold 30,001 shares of CommVault Systems stock in a transaction on Friday, August 4th. The stock was sold at an average price of $60.01, for a total transaction of $1,800,360.01. Following the completion of the sale, the insider now owns 474,780 shares of the company’s stock, valued at $28,491,547.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Brian Carolan sold 8,000 shares of CommVault Systems stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $62.95, for a total value of $503,600.00. Following the sale, the vice president now directly owns 82,471 shares of the company’s stock, valued at approximately $5,191,549.45. The disclosure for this sale can be found here. Insiders have sold a total of 61,507 shares of company stock valued at $3,733,597 in the last ninety days. Insiders own 13.40% of the company’s stock.

TRADEMARK VIOLATION WARNING: “New York State Common Retirement Fund Has $2.59 Million Stake in CommVault Systems, Inc. (CVLT)” was originally posted by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this piece on another publication, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be viewed at https://transcriptdaily.com/2017/10/23/new-york-state-common-retirement-fund-has-2-59-million-stake-in-commvault-systems-inc-cvlt.html.

CommVault Systems, Inc. (NASDAQ CVLT) opened at 58.55 on Monday. The firm has a market capitalization of $2.67 billion, a PE ratio of 1027.19 and a beta of 1.40. CommVault Systems, Inc. has a 1-year low of $47.61 and a 1-year high of $64.60. The company’s 50-day moving average is $60.99 and its 200 day moving average is $57.69.

CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings results on Tuesday, July 25th. The software maker reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.02. CommVault Systems had a return on equity of 0.30% and a net margin of 0.35%. The business had revenue of $165.97 million during the quarter, compared to the consensus estimate of $159.92 million. During the same quarter last year, the firm posted $0.21 EPS. The company’s quarterly revenue was up 9.4% on a year-over-year basis. On average, equities analysts expect that CommVault Systems, Inc. will post $1.22 EPS for the current fiscal year.

CommVault Systems Profile

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

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply