Legal & General Group Plc Boosts Stake in CommVault Systems, Inc. (CVLT)

Legal & General Group Plc lifted its position in CommVault Systems, Inc. (NASDAQ:CVLT) by 11.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,586 shares of the software maker’s stock after buying an additional 4,239 shares during the period. Legal & General Group Plc owned approximately 0.09% of CommVault Systems worth $2,517,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CVLT. Fort L.P. acquired a new stake in shares of CommVault Systems during the fourth quarter worth $31,000. Captrust Financial Advisors raised its position in shares of CommVault Systems by 161.5% during the fourth quarter. Captrust Financial Advisors now owns 1,080 shares of the software maker’s stock worth $64,000 after purchasing an additional 667 shares during the period. First Mercantile Trust Co. acquired a new stake in shares of CommVault Systems during the fourth quarter worth $117,000. Quantamental Technologies LLC acquired a new stake in shares of CommVault Systems during the fourth quarter worth $120,000. Finally, LS Investment Advisors LLC raised its position in shares of CommVault Systems by 71.7% during the fourth quarter. LS Investment Advisors LLC now owns 3,835 shares of the software maker’s stock worth $227,000 after purchasing an additional 1,601 shares during the period. 90.68% of the stock is currently owned by institutional investors.

Shares of CVLT stock opened at $61.49 on Thursday. CommVault Systems, Inc. has a 1-year low of $51.53 and a 1-year high of $72.65. The firm has a market cap of $2.88 billion, a PE ratio of -104.22, a price-to-earnings-growth ratio of 3.07 and a beta of 1.23.

CommVault Systems (NASDAQ:CVLT) last issued its quarterly earnings results on Tuesday, January 29th. The software maker reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $180.66 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. CommVault Systems’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, analysts expect that CommVault Systems, Inc. will post 0.79 EPS for the current fiscal year.

In other CommVault Systems news, Director Gary B. Smith sold 7,500 shares of the business’s stock in a transaction dated Wednesday, February 6th. The stock was sold at an average price of $68.00, for a total value 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Al Bunte sold 64,167 shares of the business’s stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $67.82, for a total value of $4,351,805.94. Following the completion of the transaction, the chief operating officer now owns 486,177 shares in the company, valued at approximately $32,972,524.14. The disclosure for this sale can be found here. Insiders have sold 73,052 shares of company stock worth $4,955,806 in the last quarter. 13.40% of the stock is currently owned by corporate insiders.

A number of equities research analysts have recently issued reports on the company. Piper Jaffray Companies lowered CommVault Systems from an “overweight” rating to a “neutral” rating and set a $66.00 target price on the stock. in a research report on Monday, February 11th. Lake Street Capital boosted their target price on CommVault Systems to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, January 30th. BidaskClub downgraded CommVault Systems from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 6th. Zacks Investment Research upgraded CommVault Systems from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a report on Monday. Finally, ValuEngine downgraded CommVault Systems from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. CommVault Systems has an average rating of “Buy” and an average 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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Institutional Ownership by Quarter for CommVault Systems (NASDAQ:CVLT)

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