Airain ltd Purchases New Stake in CommVault Systems, Inc. (NASDAQ:CVLT)

Airain ltd acquired a new stake in CommVault Systems, Inc. (NASDAQ:CVLT) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 20,009 shares of the software maker’s stock, valued at approximately $1,130,000.

Several other hedge funds also recently bought and sold shares of CVLT. Meadow Creek Investment Management LLC raised its position in shares of CommVault Systems by 2.4% during the 1st quarter. Meadow Creek Investment Management LLC now owns 2,352 shares of the software maker’s stock worth $120,000 after purchasing an additional 56 shares during the last quarter. Glen Harbor Capital Management LLC raised its position in shares of CommVault Systems by 2.4% during the 1st quarter. Glen Harbor Capital Management LLC now owns 2,856 shares of the software maker’s stock worth $145,000 after purchasing 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 worth $273,000 after acquiring an additional 132 shares during the period. 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 worth $1,006,000 after acquiring an additional 147 shares during the period. 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 worth $1,723,000 after acquiring an additional 166 shares during the period. Institutional investors own 88.71% of the company’s stock.

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Shares of CommVault Systems, Inc. (CVLT) traded down 0.81% during midday trading on Friday, hitting $60.95. 546,716 shares of the stock were exchanged. The stock’s 50 day moving average is $59.83 and its 200 day moving average is $55.66. CommVault Systems, Inc. has a 12-month low of $47.61 and a 12-month high of $64.60. The firm has a market cap of $2.77 billion, a P/E ratio of 1069.30 and a beta of 1.44.

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

In other CommVault Systems news, VP Brian Carolan sold 9,174 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $59.80, for a total transaction of $548,605.20. Following the completion of the sale, the vice president now owns 74,513 shares of the company’s stock, valued at approximately $4,455,877.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gary Merrill sold 15,000 shares of the stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $57.51, for a total transaction of $862,650.00. Following the sale, the insider now directly owns 39,312 shares of the company’s stock, valued at approximately $2,260,833.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 69,247 shares of company stock valued at $4,136,094. 13.40% of the stock is owned by company insiders.

Several analysts have commented on CVLT shares. Jefferies Group LLC reaffirmed 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 reaffirmed a “buy” rating and set a $75.00 price target (up from $68.00) on shares of CommVault Systems in a research report on Wednesday, July 26th. Lake Street Capital upped their price target on shares of CommVault Systems from $63.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, July 26th. BidaskClub raised shares of CommVault Systems from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Finally, Mizuho reaffirmed a “buy” rating and set a $75.00 price target (up from $70.00) on shares of CommVault Systems in a research report on Monday, July 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $69.80.

About CommVault Systems

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

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