Gagnon Securities LLC Sells 4,673 Shares of CommVault Systems, Inc. (CVLT)

Gagnon Securities LLC lessened its stake in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 3.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 142,931 shares of the software maker’s stock after selling 4,673 shares during the period. CommVault Systems comprises about 3.2% of Gagnon Securities LLC’s portfolio, making the stock its 12th largest holding. Gagnon Securities LLC owned 0.31% of CommVault Systems worth $8,690,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the company. BlackRock Inc. lifted its position in shares of CommVault Systems by 1.0% during the 2nd quarter. BlackRock Inc. now owns 4,282,750 shares of the software maker’s stock valued at $241,762,000 after acquiring an additional 43,400 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of CommVault Systems by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 3,381,007 shares of the software maker’s stock valued at $190,857,000 after acquiring an additional 29,189 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of CommVault Systems by 36.9% in the third quarter. Bank of New York Mellon Corp now owns 1,779,168 shares of the software maker’s stock valued at $108,173,000 after purchasing an additional 479,659 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of CommVault Systems by 32.0% in the second quarter. Renaissance Technologies LLC now owns 1,555,213 shares of the software maker’s stock valued at $87,792,000 after purchasing an additional 377,313 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of CommVault Systems by 3.8% in the second quarter. State Street Corp now owns 1,427,204 shares of the software maker’s stock valued at $80,565,000 after purchasing an additional 52,276 shares in the last quarter. Institutional investors own 88.39% of the company’s stock.

CVLT has been the subject of a number of research analyst reports. Royal Bank Of Canada restated a “hold” rating and issued a $67.00 target price on shares of CommVault Systems in a report on Monday, September 4th. BidaskClub downgraded shares of CommVault Systems from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 2nd. Jefferies Group reaffirmed a “buy” rating on shares of CommVault Systems in a research note on Thursday, October 26th. Zacks Investment Research downgraded shares of CommVault Systems from a “hold” rating to a “strong sell” rating in a research report on Friday, October 27th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $74.00 price target on shares of CommVault Systems in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $70.00.

CommVault Systems, Inc. (NASDAQ:CVLT) opened at $53.30 on Friday. CommVault Systems, Inc. has a one year low of $47.61 and a one year high of $64.60.

CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings results on Tuesday, October 24th. The software maker reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.05). The business had revenue of $168.14 million for the quarter, compared to the consensus estimate of $170.15 million. CommVault Systems had a negative return on equity of 0.17% and a net margin of 0.28%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.25 EPS. equities analysts anticipate that CommVault Systems, Inc. will post 0.04 earnings per share for the current year.

In other CommVault Systems news, VP Brian Carolan sold 4,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $61.90, for a total transaction of $247,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Gary Merrill sold 7,260 shares of the firm’s stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $62.28, for a total transaction of $452,152.80. The disclosure for this sale can be found here. 13.40% of the stock is owned by company insiders.

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About CommVault Systems

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

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