Squarepoint Ops LLC lifted its holdings in CommVault Systems, Inc. (NASDAQ:CVLT) by 8.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 37,145 shares of the software maker’s stock after acquiring an additional 2,895 shares during the quarter. Squarepoint Ops LLC owned 0.08% of CommVault Systems worth $2,195,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. D. E. Shaw & Co. Inc. lifted its stake in CommVault Systems by 19.8% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 580,625 shares of the software maker’s stock valued at $34,309,000 after acquiring an additional 96,087 shares during the period. Bank of America Corp DE increased its holdings in CommVault Systems by 12.7% in the 4th quarter. Bank of America Corp DE now owns 130,123 shares of the software maker’s stock worth $7,689,000 after acquiring an additional 14,646 shares in the last quarter. Two Sigma Advisers LP increased its holdings in CommVault Systems by 0.8% in the 4th quarter. Two Sigma Advisers LP now owns 91,637 shares of the software maker’s stock worth $5,415,000 after acquiring an additional 683 shares in the last quarter. Mackay Shields LLC purchased a new stake in CommVault Systems in the 4th quarter worth approximately $514,000. Finally, Menta Capital LLC increased its holdings in CommVault Systems by 1.2% in the 4th quarter. Menta Capital LLC now owns 29,853 shares of the software maker’s stock worth $1,764,000 after acquiring an additional 349 shares in the last quarter. Hedge funds and other institutional investors own 90.68% of the company’s stock.
In other news, Director Gary B. Smith sold 7,500 shares of the firm’s stock in a transaction on Wednesday, February 6th. The stock was sold at an average price of $68.00, for a total transaction of $510,000.00. Following the transaction, the director now owns 36,536 shares in the company, valued at $2,484,448. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Gary Merrill sold 1,385 shares of the firm’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $67.87, for a total value of $93,999.95. Following the transaction, the insider now owns 16,152 shares in the company, valued at approximately $1,096,236.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,052 shares of company stock worth $4,955,806. Insiders own 13.40% of the company’s stock.
CommVault Systems (NASDAQ:CVLT) last released its earnings results on Tuesday, January 29th. The software maker reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.12. CommVault Systems had a return on equity of 5.78% and a net margin of 0.57%. The business had revenue of $184.28 million during the quarter, compared to the consensus estimate of $180.66 million. During the same period last year, the company earned $0.30 earnings per share. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, sell-side analysts anticipate that CommVault Systems, Inc. will post 0.79 EPS for the current year.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of CommVault Systems from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a report on Monday, April 15th. BidaskClub lowered shares of CommVault Systems from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th. ValuEngine lowered shares of CommVault Systems from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Piper Jaffray Companies lowered shares of CommVault Systems from an “overweight” rating to a “neutral” rating and set a $66.00 target price for the company. in a report on Monday, February 11th. Finally, Lake Street Capital raised their target price on shares of CommVault Systems to $69.00 and gave the company a “buy” rating in a report on Wednesday, January 30th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $75.14.
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About CommVault Systems
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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