Barrow Hanley Mewhinney & Strauss LLC Sells 5,802 Shares of CommVault Systems, Inc. (CVLT)

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Barrow Hanley Mewhinney & Strauss LLC cut its position in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 5.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 98,960 shares of the software maker’s stock after selling 5,802 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC’s holdings in CommVault Systems were worth $5,660,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cubist Systematic Strategies LLC acquired a new stake in shares of CommVault Systems during the first quarter worth $171,000. Xact Kapitalforvaltning AB acquired a new stake in shares of CommVault Systems during the fourth quarter worth $238,000. Virtu Financial LLC acquired a new stake in shares of CommVault Systems during the fourth quarter worth $260,000. Meadow Creek Investment Management LLC increased its position in shares of CommVault Systems by 29.4% during the fourth quarter. Meadow Creek Investment Management LLC now owns 5,544 shares of the software maker’s stock worth $291,000 after buying an additional 1,260 shares during the period. Finally, Stone Ridge Asset Management LLC acquired a new stake in shares of CommVault Systems during the fourth quarter worth $431,000. Institutional investors own 93.51% of the company’s stock.

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Co increased their price objective on shares of CommVault Systems from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, June 7th. BidaskClub cut shares of CommVault Systems from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 8th. BTIG Research increased their price objective on shares of CommVault Systems from $70.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, April 26th. Mizuho reiterated a “buy” rating and set a $75.00 price objective on shares of CommVault Systems in a research report on Monday, April 30th. Finally, KeyCorp increased their price objective on shares of CommVault Systems from $62.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 17th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $75.10.

In related news, insider Al Bunte sold 135,000 shares of the stock in a transaction on Wednesday, April 4th. The shares were sold at an average price of $65.51, for a total transaction of $8,843,850.00. Following the transaction, the insider now directly owns 561,599 shares of the company’s stock, valued at $36,790,350.49. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Brian Carolan sold 9,106 shares of the stock in a transaction on Tuesday, April 3rd. The stock was sold at an average price of $65.10, for a total transaction of $592,800.60. Following the transaction, the vice president now directly owns 86,570 shares in the company, valued at $5,635,707. The disclosure for this sale can be found here. Over the last three months, insiders have sold 206,183 shares of company stock worth $13,780,501. 13.40% of the stock is owned by insiders.

Shares of NASDAQ CVLT opened at $70.90 on Thursday. The firm has a market cap of $3.24 billion, a P/E ratio of -120.17, a P/E/G ratio of 15.37 and a beta of 1.15. CommVault Systems, Inc. has a 12-month low of $48.35 and a 12-month high of $72.65.

CommVault Systems (NASDAQ:CVLT) last issued its earnings results on Tuesday, May 1st. The software maker reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.02). The company had revenue of $184.90 million for the quarter, compared to the consensus estimate of $187.01 million. CommVault Systems had a negative return on equity of 0.12% and a negative net margin of 8.85%. The firm’s revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.29 earnings per share. analysts predict that CommVault Systems, Inc. will post 0.34 EPS for the current year.

About CommVault Systems

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.

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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