Canada Pension Plan Investment Board raised its position in CommVault Systems, Inc. (NASDAQ:CVLT) by 6.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 227,100 shares of the software maker’s stock after acquiring an additional 14,700 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.49% of CommVault Systems worth $15,897,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. BlueMountain Capital Management LLC raised its holdings in CommVault Systems by 134.5% during the second 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 acquired a new stake in CommVault Systems during the second quarter worth approximately $160,000. Engineers Gate Manager LP acquired a new stake in CommVault Systems during the third quarter worth approximately $203,000. Brown Advisory Inc. acquired a new stake in CommVault Systems during the second quarter worth approximately $217,000. Finally, US Bancorp DE raised its holdings in CommVault Systems by 124.1% during the second quarter. US Bancorp DE now owns 3,803 shares of the software maker’s stock worth $250,000 after purchasing an additional 2,106 shares in the last quarter. 90.92% of the stock is currently owned by institutional investors.
A number of analysts have weighed in on CVLT shares. ValuEngine raised shares of CommVault Systems from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. BidaskClub raised shares of CommVault Systems from a “hold” rating to a “buy” rating in a report on Saturday, September 29th. Zacks Investment Research cut shares of CommVault Systems from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 25th. Finally, JMP Securities cut shares of CommVault Systems from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 30th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. CommVault Systems currently has an average rating of “Buy” and a consensus price target of $76.57.
Shares of CommVault Systems stock opened at $58.94 on Monday. The firm has a market capitalization of $2.73 billion, a PE ratio of -99.90, a price-to-earnings-growth ratio of 6.57 and a beta of 1.40. CommVault Systems, Inc. has a 12 month low of $48.35 and a 12 month high of $72.65.
CommVault Systems (NASDAQ:CVLT) last announced its earnings results on Tuesday, October 30th. The software maker reported $0.40 EPS for the quarter, beating analysts’ consensus estimates 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 company’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 EPS. Analysts predict that CommVault Systems, Inc. will post 0.57 earnings per share for the current fiscal year.
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CommVault Systems Company 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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