Laurion Capital Management LP purchased a new stake in CommVault Systems, Inc. (NASDAQ:CVLT) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 22,100 shares of the software maker’s stock, valued at approximately $1,248,000.

A number of other hedge funds also recently bought and sold shares of the business. Amalgamated Bank grew its stake in CommVault Systems by 4.9% in the second quarter. Amalgamated Bank now owns 5,631 shares of the software maker’s stock valued at $318,000 after purchasing an additional 263 shares in the last quarter. BlackRock Inc. grew its stake in CommVault Systems by 1.0% in the second quarter. BlackRock Inc. now owns 4,282,750 shares of the software maker’s stock valued at $241,762,000 after purchasing an additional 43,400 shares in the last quarter. Nationwide Fund Advisors grew its stake in CommVault Systems by 0.5% in the second quarter. Nationwide Fund Advisors now owns 92,958 shares of the software maker’s stock valued at $5,247,000 after purchasing an additional 486 shares in the last quarter. Bridgewater Associates LP bought a new position in CommVault Systems in the second quarter valued at approximately $442,000. Finally, Ameriprise Financial Inc. grew its stake in CommVault Systems by 36.7% in the second quarter. Ameriprise Financial Inc. now owns 425,075 shares of the software maker’s stock valued at $23,997,000 after purchasing an additional 114,131 shares in the last quarter. Hedge funds and other institutional investors own 88.45% of the company’s stock.

A number of research firms have weighed in on CVLT. Jefferies Group LLC raised their price target on CommVault Systems from $67.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, July 25th. Stifel Nicolaus restated a “buy” rating and issued a $75.00 price target (up from $68.00) on shares of CommVault Systems in a research note on Wednesday, July 26th. Lake Street Capital raised their price objective on CommVault Systems from $63.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, July 26th. Mitsubishi UFJ Financial Group set a $70.00 price objective on CommVault Systems and gave the company a “buy” rating in a research report on Tuesday, July 25th. Finally, BidaskClub raised CommVault Systems from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $69.80.

In other news, insider Al Bunte sold 30,001 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $60.01, for a total value of $1,800,360.01. Following the completion of the transaction, the insider now directly owns 474,780 shares of the company’s stock, valued at $28,491,547.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Brian Carolan sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $62.95, for a total value of $503,600.00. Following the completion of the transaction, the vice president now directly owns 82,471 shares of the company’s stock, valued at $5,191,549.45. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,247 shares of company stock valued at $3,273,444. 13.40% of the stock is currently owned by corporate insiders.

Shares of CommVault Systems, Inc. (NASDAQ CVLT) opened at 60.85 on Friday. The firm has a market capitalization of $2.77 billion, a PE ratio of 1067.54 and a beta of 1.44. The stock has a 50 day moving average price of $59.90 and a 200-day moving average price of $55.92. CommVault Systems, Inc. has a 52-week low of $47.61 and a 52-week high of $64.60.

CommVault Systems (NASDAQ:CVLT) last released its 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. The company had revenue of $165.97 million during the quarter, compared to analyst estimates of $159.92 million. CommVault Systems had a return on equity of 0.30% and a net margin of 0.35%. CommVault Systems’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.21 earnings per share. Equities analysts forecast that CommVault Systems, Inc. will post $1.22 EPS for the current year.

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CommVault Systems Company Profile

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

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