CommVault Systems, Inc. (CVLT) Shares Bought by Los Angeles Capital Management & Equity Research Inc.

Los Angeles Capital Management & Equity Research Inc. boosted its position in CommVault Systems, Inc. (NASDAQ:CVLT) by 0.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,321 shares of the software maker’s stock after buying an additional 200 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.11% of CommVault Systems worth $2,954,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Meadow Creek Investment Management LLC grew its stake in CommVault Systems by 2.4% in the 1st quarter. Meadow Creek Investment Management LLC now owns 2,352 shares of the software maker’s stock valued at $120,000 after buying an additional 56 shares during the last quarter. Glen Harbor Capital Management LLC grew its stake in CommVault Systems by 2.4% in the 1st quarter. Glen Harbor Capital Management LLC now owns 2,856 shares of the software maker’s stock valued at $145,000 after buying an additional 68 shares during the last quarter. Advantus Capital Management Inc grew its stake in CommVault Systems by 2.5% in the 1st quarter. Advantus Capital Management Inc now owns 5,367 shares of the software maker’s stock valued at $273,000 after buying an additional 132 shares during the last quarter. Mason Street Advisors LLC grew its stake in CommVault Systems by 0.7% in the 1st quarter. Mason Street Advisors LLC now owns 19,806 shares of the software maker’s stock valued at $1,006,000 after buying an additional 147 shares during the last quarter. Finally, Texas Permanent School Fund grew its stake in CommVault Systems by 0.5% in the 2nd quarter. Texas Permanent School Fund now owns 30,519 shares of the software maker’s stock valued at $1,723,000 after buying an additional 166 shares during the last quarter. Institutional investors and hedge funds own 88.71% of the company’s stock.

CommVault Systems, Inc. (CVLT) opened at 61.45 on Friday. The company has a market capitalization of $2.80 billion, a P/E ratio of 1078.07 and a beta of 1.44. The stock’s 50 day moving average is $59.81 and its 200-day moving average is $55.58. CommVault Systems, Inc. has a 12-month low of $47.61 and a 12-month high of $64.60.

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

COPYRIGHT VIOLATION NOTICE: “CommVault Systems, Inc. (CVLT) Shares Bought by Los Angeles Capital Management & Equity Research Inc.” was originally reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this news story on another publication, it was stolen and reposted in violation of United States & international copyright laws. The original version of this news story can be accessed at https://www.chaffeybreeze.com/2017/09/15/commvault-systems-inc-cvlt-shares-bought-by-los-angeles-capital-management-equity-research-inc.html.

CVLT has been the topic of a number of research analyst reports. Jefferies Group LLC reiterated a “buy” rating and issued a $67.00 target price on shares of CommVault Systems in a research note on Friday, July 14th. Stifel Nicolaus reiterated a “buy” rating and issued a $75.00 target price (up from $68.00) on shares of CommVault Systems in a research note on Wednesday, July 26th. Lake Street Capital raised their target price on shares of CommVault Systems from $63.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, July 26th. BidaskClub upgraded shares of CommVault Systems from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Finally, Mizuho reiterated a “buy” rating and issued a $75.00 target price (up from $70.00) on shares of CommVault Systems in a research note on Monday, July 24th. One 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 presently has an average rating of “Buy” and a consensus price target of $69.80.

In other news, insider Gary Merrill sold 15,000 shares of the business’s stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $57.51, for a total value of $862,650.00. Following the completion of the sale, the insider now owns 39,312 shares of the company’s stock, valued at $2,260,833.12. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Brian Carolan sold 8,000 shares of the business’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $62.95, for a total transaction of $503,600.00. Following the completion of 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. In the last three months, insiders sold 69,247 shares of company stock valued at $4,136,094. 13.40% of the stock is currently owned by company insiders.

CommVault Systems Company Profile

Want to see what other hedge funds are holding CVLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CommVault Systems, Inc. (NASDAQ:CVLT).

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.

Latest News

Leave a Reply