Fmr LLC lifted its position in CommVault Systems, Inc. (NASDAQ:CVLT) by 28.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,301,297 shares of the software maker’s stock after buying an additional 513,975 shares during the quarter. Fmr LLC’s holdings in CommVault Systems were worth $161,091,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Colony Group LLC purchased a new stake in shares of CommVault Systems in the 2nd quarter valued at $2,269,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of CommVault Systems in the 2nd quarter valued at $752,000. SG Americas Securities LLC raised its holdings in shares of CommVault Systems by 29.7% in the 2nd quarter. SG Americas Securities LLC now owns 8,081 shares of the software maker’s stock valued at $532,000 after buying an additional 1,849 shares during the period. Verition Fund Management LLC purchased a new stake in shares of CommVault Systems in the 2nd quarter valued at $255,000. Finally, Chartwell Investment Partners LLC purchased a new stake in shares of CommVault Systems in the 2nd quarter valued at $14,180,000. Hedge funds and other institutional investors own 89.46% of the company’s stock.

CVLT stock opened at $56.24 on Friday. The firm has a market capitalization of $2.62 billion, a P/E ratio of -95.32, a PEG ratio of 6.32 and a beta of 1.43. CommVault Systems, Inc. has a 12-month low of $48.35 and a 12-month high of $72.65.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings data on Tuesday, October 30th. The software maker reported $0.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.03. CommVault Systems had a positive return on equity of 2.96% and a negative net margin of 9.61%. The firm had revenue of $169.08 million for the quarter, compared to the consensus estimate of $179.08 million. During the same quarter in the previous year, the business earned $0.21 EPS. The company’s quarterly revenue was up .6% compared to the same quarter last year. As a group, research analysts forecast that CommVault Systems, Inc. will post 0.57 earnings per share for the current fiscal year.

In other CommVault Systems news, CEO N Robert Hammer sold 180,000 shares of the company’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $57.33, for a total transaction of $10,319,400.00. Following the sale, the chief executive officer now owns 2,799,411 shares in the company, valued at approximately $160,490,232.63. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Vivie Lee sold 860 shares of the company’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $69.75, for a total value of $59,985.00. Following the sale, the director now owns 4,364 shares in the company, valued at approximately $304,389. The disclosure for this sale can be found here. 13.40% of the stock is owned by corporate insiders.

Several equities research analysts recently issued reports on the company. BidaskClub upgraded CommVault Systems from a “hold” rating to a “buy” rating in a report on Saturday, September 29th. ValuEngine upgraded CommVault Systems from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. Finally, Zacks Investment Research downgraded CommVault Systems from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 25th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $76.57.

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CommVault Systems Profile

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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