Bank of Montreal Can raised its stake in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 38.0% during the second quarter, Holdings Channel reports. The institutional investor owned 307,156 shares of the software maker’s stock after buying an additional 84,530 shares during the period. Bank of Montreal Can’s holdings in CommVault Systems were worth $17,339,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Meadow Creek Investment Management LLC raised its stake in CommVault Systems by 2.4% in the first quarter. Meadow Creek Investment Management LLC now owns 2,352 shares of the software maker’s stock valued at $120,000 after buying an additional 56 shares in the last quarter. Glen Harbor Capital Management LLC raised its stake in CommVault Systems by 2.4% in the first quarter. Glen Harbor Capital Management LLC now owns 2,856 shares of the software maker’s stock valued at $145,000 after buying an additional 68 shares in the last quarter. LS Investment Advisors LLC raised its stake in CommVault Systems by 22.6% in the first quarter. LS Investment Advisors LLC now owns 3,455 shares of the software maker’s stock valued at $176,000 after buying an additional 636 shares in the last quarter. OppenheimerFunds Inc. acquired a new stake in CommVault Systems during the first quarter valued at about $201,000. Finally, Capstone Asset Management Co. raised its stake in CommVault Systems by 6.0% in the first quarter. Capstone Asset Management Co. now owns 4,263 shares of the software maker’s stock valued at $217,000 after buying an additional 240 shares in the last quarter. Hedge funds and other institutional investors own 89.04% of the company’s stock.

CommVault Systems, Inc. (NASDAQ:CVLT) opened at 60.20 on Thursday. The stock’s 50 day moving average price is $57.28 and its 200-day moving average price is $53.32. The company has a market cap of $2.71 billion, a price-to-earnings ratio of 6020.00 and a beta of 1.45. CommVault Systems, Inc. has a 52 week low of $47.27 and a 52 week high of $60.55.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings results on Wednesday, May 3rd. The software maker reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.27. The company had revenue of $172.90 million for the quarter, compared to analysts’ expectations of $166.32 million. CommVault Systems had a net margin of 0.08% and a negative return on equity of 1.04%. CommVault Systems’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.36 EPS. On average, equities research analysts forecast that CommVault Systems, Inc. will post $1.19 earnings per share for the current fiscal year.

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Several analysts have issued reports on CVLT shares. TheStreet upgraded CommVault Systems from a “c” rating to a “b” rating in a research note on Monday, April 24th. Jefferies Group LLC upped their price objective on CommVault Systems from $64.00 to $67.00 and gave the company a “buy” rating in a research note on Monday, May 15th. Mizuho upped their price objective on CommVault Systems from $60.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, May 4th. Lake Street Capital upgraded CommVault Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, May 3rd. Finally, BidaskClub upgraded CommVault Systems from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $60.22.

In related news, VP Brian Carolan sold 4,000 shares of CommVault Systems stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $59.90, for a total value of $239,600.00. Following the sale, the vice president now owns 79,793 shares of the company’s stock, valued at approximately $4,779,600.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Ronald L. Miiller sold 90,500 shares of CommVault Systems stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $57.50, for a total transaction of $5,203,750.00. Following the completion of the sale, the senior vice president now directly owns 137,409 shares in the company, valued at approximately $7,901,017.50. The disclosure for this sale can be found here. Insiders sold a total of 177,730 shares of company stock worth $10,133,388 in the last ninety days. 13.40% of the stock is currently owned by insiders.

CommVault Systems Company Profile

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

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