Cornerstone Capital Management Holdings LLC. Takes Position in CommVault Systems, Inc. (CVLT)

Cornerstone Capital Management Holdings LLC. bought a new stake in CommVault Systems, Inc. (NASDAQ:CVLT) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 43,000 shares of the software maker’s stock, valued at approximately $2,426,000. Cornerstone Capital Management Holdings LLC. owned 0.09% of CommVault Systems at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CVLT. UBS Asset Management Americas Inc. grew its stake in shares of CommVault Systems by 61.5% in the 1st quarter. UBS Asset Management Americas Inc. now owns 23,871 shares of the software maker’s stock valued at $1,213,000 after buying an additional 9,089 shares during the period. JPMorgan Chase & Co. grew its stake in shares of CommVault Systems by 7.1% in the 1st quarter. JPMorgan Chase & Co. now owns 278,371 shares of the software maker’s stock valued at $14,141,000 after buying an additional 18,444 shares during the period. Prudential Financial Inc. grew its stake in shares of CommVault Systems by 26.8% in the 1st quarter. Prudential Financial Inc. now owns 113,847 shares of the software maker’s stock valued at $5,784,000 after buying an additional 24,040 shares during the period. Arizona State Retirement System grew its stake in shares of CommVault Systems by 7.0% in the 1st quarter. Arizona State Retirement System now owns 17,400 shares of the software maker’s stock valued at $884,000 after buying an additional 1,144 shares during the period. Finally, Credit Agricole S A acquired a new stake in shares of CommVault Systems in the 1st quarter valued at about $334,000. Institutional investors own 88.46% of the company’s stock.

CommVault Systems, Inc. (CVLT) opened at 60.70 on Wednesday. CommVault Systems, Inc. has a 52-week low of $47.61 and a 52-week high of $64.60. The stock’s 50 day moving average is $61.12 and its 200-day moving average is $57.48. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 1064.91 and a beta of 1.40.

CommVault Systems (NASDAQ:CVLT) last released its quarterly earnings results on Tuesday, July 25th. The software maker reported $0.21 earnings per share for the quarter, topping 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 business had revenue of $165.97 million for the quarter, compared to the consensus estimate of $159.92 million. During the same period last year, the firm earned $0.21 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. Equities research analysts anticipate that CommVault Systems, Inc. will post $1.22 EPS for the current fiscal year.

In other news, VP Brian Carolan sold 8,000 shares of the stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $62.95, for a total value 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 $5,191,549.45. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Gary Merrill sold 3,072 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $59.01, for a total transaction of $181,278.72. Following the completion of the sale, the insider now directly owns 23,878 shares of the company’s stock, valued at $1,409,040.78. The disclosure for this sale can be found here. Over the last three months, insiders sold 61,507 shares of company stock valued at $3,733,597. Corporate insiders own 13.40% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this piece can be read at https://ledgergazette.com/2017/10/18/cornerstone-capital-management-holdings-llc-takes-position-in-commvault-systems-inc-cvlt.html.

Several analysts have recently commented on the company. Jefferies Group LLC raised their target price on CommVault Systems from $67.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, July 25th. Lake Street Capital raised their target price on CommVault Systems from $63.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday

Several other institutional investors and hedge funds have also recently modified their holdings of CVLT. UBS Asset Management Americas Inc. grew its stake in shares of CommVault Systems by 61.5% in the 1st quarter. UBS Asset Management Americas Inc. now owns 23,871 shares of the software maker’s stock valued at $1,213,000 after buying an additional 9,089 shares during the period. JPMorgan Chase & Co. grew its stake in shares of CommVault Systems by 7.1% in the 1st quarter. JPMorgan Chase & Co. now owns 278,371 shares of the software maker’s stock valued at $14,141,000 after buying an additional 18,444 shares during the period. Prudential Financial Inc. grew its stake in shares of CommVault Systems by 26.8% in the 1st quarter. Prudential Financial Inc. now owns 113,847 shares of the software maker’s stock valued at $5,784,000 after buying an additional 24,040 shares during the period. Arizona State Retirement System grew its stake in shares of CommVault Systems by 7.0% in the 1st quarter. Arizona State Retirement System now owns 17,400 shares of the software maker’s stock valued at $884,000 after buying an additional 1,144 shares during the period. Finally, Credit Agricole S A acquired a new stake in shares of CommVault Systems in the 1st quarter valued at about $334,000. Institutional investors own 88.46% of the company’s stock.

CommVault Systems, Inc. (CVLT) opened at 60.70 on Wednesday. CommVault Systems, Inc. has a 52-week low of $47.61 and a 52-week high of $64.60. The stock’s 50 day moving average is $61.12 and its 200-day moving average is $57.48. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 1064.91 and a beta of 1.40.

CommVault Systems (NASDAQ:CVLT) last released its quarterly earnings results on Tuesday, July 25th. The software maker reported $0.21 earnings per share for the quarter, topping 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 business had revenue of $165.97 million for the quarter, compared to the consensus estimate of $159.92 million. During the same period last year, the firm earned $0.21 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. Equities research analysts anticipate that CommVault Systems, Inc. will post $1.22 EPS for the current fiscal year.

In other news, VP Brian Carolan sold 8,000 shares of the stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $62.95, for a total value 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 $5,191,549.45. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Gary Merrill sold 3,072 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $59.01, for a total transaction of $181,278.72. Following the completion of the sale, the insider now directly owns 23,878 shares of the company’s stock, valued at $1,409,040.78. The disclosure for this sale can be found here. Over the last three months, insiders sold 61,507 shares of company stock valued at $3,733,597. Corporate insiders own 13.40% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this piece can be read at https://ledgergazette.com/2017/10/18/cornerstone-capital-management-holdings-llc-takes-position-in-commvault-systems-inc-cvlt.html.

Several analysts have recently commented on the company. Jefferies Group LLC raised their target price on CommVault Systems from $67.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, July 25th. Lake Street Capital raised their target price on CommVault Systems from $63.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, July 26th. Stifel Nicolaus restated 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. Royal Bank Of Canada restated a “hold” rating on shares of CommVault Systems in a research note on Monday, October 9th. Finally, Mitsubishi UFJ Financial Group set a $70.00 price target on shares of CommVault Systems and gave the company a “buy” rating in a research report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. CommVault Systems presently has a consensus rating of “Buy” and a consensus price target of $70.67.

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