CommVault Systems, Inc. (NASDAQ:CVLT) was the recipient of a significant increase in short interest in November. As of November 15th, there was short interest totalling 1,453,511 shares, an increase of 74.1% from the October 31st total of 834,902 shares. Based on an average daily volume of 555,611 shares, the short-interest ratio is presently 2.6 days. Currently, 3.5% of the shares of the stock are short sold.

A number of brokerages have recently issued reports on CVLT. Royal Bank Of Canada reissued a “hold” rating on shares of CommVault Systems in a research note on Monday, October 9th. KeyCorp reaffirmed a “buy” rating and set a $70.00 target price on shares of CommVault Systems in a research note on Friday, September 1st. Piper Jaffray Companies reaffirmed a “buy” rating and set a $74.00 target price on shares of CommVault Systems in a research note on Friday, September 1st. BidaskClub raised shares of CommVault Systems from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Finally, UBS cut shares of CommVault Systems from an “overweight” rating to a “neutral” rating in a research note on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $70.00.

CommVault Systems (NASDAQ:CVLT) opened at $54.00 on Monday. CommVault Systems has a 52 week low of $47.61 and a 52 week high of $64.60.

CommVault Systems (NASDAQ:CVLT) last released its quarterly earnings data on Tuesday, October 24th. The software maker reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.05). CommVault Systems had a net margin of 0.28% and a negative return on equity of 0.17%. The business had revenue of $168.14 million for the quarter, compared to the consensus estimate of $170.15 million. During the same quarter last year, the business earned $0.25 EPS. CommVault Systems’s revenue for the quarter was up 5.5% compared to the same quarter last year. equities analysts expect that CommVault Systems will post 0.04 earnings per share for the current year.

In other news, insider Gary Merrill sold 7,260 shares of the stock in a transaction on Monday, October 9th. The shares were sold at an average price of $62.28, for a total value of $452,152.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Brian Carolan sold 4,000 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $61.90, for a total transaction of $247,600.00. The disclosure for this sale can be found here. Corporate insiders own 13.40% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its position in CommVault Systems by 1.0% during 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 during the last quarter. Vanguard Group Inc. lifted its position in CommVault Systems by 0.9% during the second quarter. Vanguard Group Inc. now owns 3,381,007 shares of the software maker’s stock valued at $190,857,000 after purchasing an additional 29,189 shares during the last quarter. Bank of New York Mellon Corp lifted its position in CommVault Systems by 36.9% during the third quarter. Bank of New York Mellon Corp now owns 1,779,168 shares of the software maker’s stock valued at $108,173,000 after purchasing an additional 479,659 shares during the last quarter. Renaissance Technologies LLC lifted its position in CommVault Systems by 32.0% during the second quarter. Renaissance Technologies LLC now owns 1,555,213 shares of the software maker’s stock valued at $87,792,000 after purchasing an additional 377,313 shares during the last quarter. Finally, State Street Corp lifted its position in CommVault Systems by 3.8% during the second quarter. State Street Corp now owns 1,427,204 shares of the software maker’s stock valued at $80,565,000 after purchasing an additional 52,276 shares during the last quarter. Institutional investors and hedge funds own 88.32% of the company’s stock.

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About CommVault Systems

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