Sei Investments Co. boosted its stake in CommVault Systems, Inc. (NASDAQ:CVLT) by 14.5% during the second quarter, Holdings Channel reports. The firm owned 85,204 shares of the software maker’s stock after buying an additional 10,795 shares during the period. Sei Investments Co.’s holdings in CommVault Systems were worth $4,810,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CVLT. BlackRock Inc. increased its position in CommVault Systems by 23,286.9% in the first quarter. BlackRock Inc. now owns 4,239,350 shares of the software maker’s stock valued at $215,359,000 after buying an additional 4,221,223 shares during the period. Vanguard Group Inc. increased its position in CommVault Systems by 5.0% in the first quarter. Vanguard Group Inc. now owns 3,351,818 shares of the software maker’s stock valued at $170,273,000 after buying an additional 160,321 shares during the period. Victory Capital Management Inc. increased its position in CommVault Systems by 4.6% in the first quarter. Victory Capital Management Inc. now owns 1,490,921 shares of the software maker’s stock valued at $75,739,000 after buying an additional 65,125 shares during the period. State Street Corp increased its position in CommVault Systems by 1.8% in the first quarter. State Street Corp now owns 1,374,928 shares of the software maker’s stock valued at $69,850,000 after buying an additional 24,071 shares during the period. Finally, Mackenzie Financial Corp increased its position in CommVault Systems by 1.8% in the first quarter. Mackenzie Financial Corp now owns 1,316,588 shares of the software maker’s stock valued at $66,883,000 after buying an additional 23,088 shares during the period. 85.44% of the stock is currently owned by institutional investors and hedge funds.

Shares of CommVault Systems, Inc. (NASDAQ CVLT) opened at 58.65 on Friday. The stock has a 50 day moving average of $58.94 and a 200-day moving average of $54.28. CommVault Systems, Inc. has a 52 week low of $47.61 and a 52 week high of $64.60. The firm has a market capitalization of $2.67 billion, a PE ratio of 1028.95 and a beta of 1.45.

CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings results on Tuesday, July 25th. The software maker reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.02. CommVault Systems had a return on equity of 0.30% and a net margin of 0.35%. The business had revenue of $165.97 million during the quarter, compared to the consensus estimate of $159.92 million. During the same quarter last year, the firm posted $0.21 EPS. The company’s quarterly revenue was up 9.4% on a year-over-year basis. Equities analysts anticipate that CommVault Systems, Inc. will post $1.22 earnings per share for the current fiscal year.

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Several research firms recently commented on CVLT. BidaskClub upgraded shares of CommVault Systems from a “hold” rating to a “buy” rating in a report on Saturday, June 10th. Mizuho restated a “buy” rating and set a $62.00 price target on shares of CommVault Systems in a report on Tuesday, June 20th. TheStreet upgraded shares of CommVault Systems from a “c” rating to a “b” rating in a report on Monday, April 24th. Jefferies Group LLC raised their price target on shares of CommVault Systems from $64.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, May 5th. Finally, Zacks Investment Research cut shares of CommVault Systems from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $67.00.

In other CommVault Systems news, insider Al Bunte sold 30,001 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $60.01, for a total transaction of $1,800,360.01. Following the completion of the sale, the insider now owns 474,780 shares of the company’s stock, valued at approximately $28,491,547.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Armando Geday sold 7,500 shares of the firm’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $55.56, for a total value of $416,700.00. Following the sale, the director now directly owns 76,139 shares of the company’s stock, valued at approximately $4,230,282.84. The disclosure for this sale can be found here. Insiders have sold a total of 81,993 shares of company stock valued at $4,841,639 in the last ninety days. Insiders own 13.40% of the company’s stock.

About CommVault Systems

Want to see what other hedge funds are holding CVLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CommVault Systems, Inc. (NASDAQ:CVLT).

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

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