190,000 Shares in CommVault Systems, Inc. (CVLT) Acquired by MUFG Securities EMEA plc

MUFG Securities EMEA plc acquired a new position in CommVault Systems, Inc. (NASDAQ:CVLT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 190,000 shares of the software maker’s stock, valued at approximately $12,512,000.

Other institutional investors also recently made changes to their positions in the company. Cubist Systematic Strategies LLC acquired a new stake in shares of CommVault Systems in the first quarter worth $171,000. Oakbrook Investments LLC acquired a new stake in shares of CommVault Systems in the second quarter worth $211,000. Hartford Investment Management Co. acquired a new stake in shares of CommVault Systems in the second quarter worth $226,000. Fox Run Management L.L.C. acquired a new stake in shares of CommVault Systems in the second quarter worth $244,000. Finally, Acadian Asset Management LLC acquired a new stake in shares of CommVault Systems in the second quarter worth $294,000. Institutional investors and hedge funds own 93.89% of the company’s stock.

In other news, VP Brian Carolan sold 5,484 shares of the business’s stock in a transaction on Wednesday, June 13th. The shares were sold at an average price of $71.90, for a total value of $394,299.60. Following the sale, the vice president now owns 102,796 shares in the company, valued at approximately $7,391,032.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gary Merrill sold 13,474 shares of the business’s stock in a transaction on Friday, May 18th. The shares were sold at an average price of $68.25, for a total transaction of $919,600.50. Following the completion of the sale, the insider now owns 21,537 shares in the company, valued at approximately $1,469,900.25. The disclosure for this sale can be found here. Insiders sold a total of 152,644 shares of company stock worth $10,222,488 in the last 90 days. 13.40% of the stock is owned by corporate insiders.

CVLT traded up $0.55 during trading on Thursday, reaching $65.20. 2,039 shares of the company’s stock were exchanged, compared to its average volume of 323,294. CommVault Systems, Inc. has a fifty-two week low of $48.35 and a fifty-two week high of $72.65. The company has a market capitalization of $2.97 billion, a P/E ratio of -109.58, a P/E/G ratio of 8.12 and a beta of 1.13.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings results on Tuesday, July 24th. The software maker reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.09. CommVault Systems had a negative net margin of 9.89% and a positive return on equity of 0.72%. The firm had revenue of $176.18 million for the quarter, compared to the consensus estimate of $177.92 million. During the same quarter in the previous year, the company earned $0.21 earnings per share. The business’s revenue was up 6.1% compared to the same quarter last year. analysts forecast that CommVault Systems, Inc. will post 0.5 earnings per share for the current fiscal year.

A number of equities research analysts have weighed in on CVLT shares. BidaskClub downgraded shares of CommVault Systems from a “buy” rating to a “hold” rating in a research note on Thursday, June 28th. Mizuho reiterated a “buy” rating and set a $75.00 price target on shares of CommVault Systems in a research note on Monday, April 30th. BTIG Research lifted their price target on shares of CommVault Systems from $70.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, April 26th. Wells Fargo & Co lifted their price target on shares of CommVault Systems from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, June 7th. Finally, KeyCorp lifted their price target on shares of CommVault Systems from $62.00 to $75.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 17th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $75.56.

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

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