Federated Investors Inc. PA Sells 120,862 Shares of CommVault Systems, Inc. (CVLT)

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Federated Investors Inc. PA decreased its position in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 84.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,741 shares of the software maker’s stock after selling 120,862 shares during the period. Federated Investors Inc. PA’s holdings in CommVault Systems were worth $1,432,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC acquired a new stake in CommVault Systems during the first quarter valued at approximately $171,000. Oakbrook Investments LLC acquired a new position in shares of CommVault Systems in the 2nd quarter worth approximately $211,000. Brown Advisory Inc. acquired a new position in shares of CommVault Systems in the 2nd quarter worth approximately $217,000. Hartford Investment Management Co. acquired a new position in shares of CommVault Systems in the 2nd quarter worth approximately $226,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of CommVault Systems in the 2nd quarter worth approximately $244,000. 90.17% of the stock is owned by hedge funds and other institutional investors.

CVLT has been the topic of several recent analyst reports. BidaskClub raised CommVault Systems from a “hold” rating to a “buy” rating in a report on Saturday, July 7th. Zacks Investment Research cut shares of CommVault Systems from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 25th. Mitsubishi UFJ Financial Group upped their target price on shares of CommVault Systems and gave the company a “neutral” rating in a research report on Wednesday, July 25th. Finally, ValuEngine cut shares of CommVault Systems from a “buy” rating to a “hold” rating in a research report on Saturday, August 18th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $76.57.

NASDAQ:CVLT traded up $0.74 during mid-day trading on Friday, hitting $60.08. The stock had a trading volume of 297,908 shares, compared to its average volume of 473,406. CommVault Systems, Inc. has a twelve month low of $48.35 and a twelve month high of $72.65. The company has a market capitalization of $3.20 billion, a P/E ratio of -101.83, a price-to-earnings-growth ratio of 7.40 and a beta of 1.17.

CommVault Systems (NASDAQ:CVLT) last issued its earnings results on Tuesday, July 24th. The software maker reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.09. CommVault Systems had a negative net margin of 9.89% and a positive return on equity of 0.72%. The business had revenue of $176.18 million during the quarter, compared to the consensus estimate of $177.92 million. During the same period last year, the business posted $0.21 EPS. CommVault Systems’s revenue was up 6.1% on a year-over-year basis. Equities research analysts anticipate that CommVault Systems, Inc. will post 0.6 earnings per share for the current year.

In related news, SVP Ronald L. Miiller sold 2,213 shares of CommVault Systems stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $65.00, for a total value of $143,845.00. Following the transaction, the senior vice president now directly owns 98,117 shares of the company’s stock, valued at $6,377,605. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Ronald L. Miiller sold 101,521 shares of CommVault Systems stock in a transaction that occurred on Thursday, July 26th. The shares were sold at an average price of $65.34, for a total transaction of $6,633,382.14. Following the completion of the transaction, the senior vice president now directly owns 140,666 shares in the company, valued at $9,191,116.44. The disclosure for this sale can be found here. Insiders have sold 104,729 shares of company stock worth $6,845,943 over the last ninety days. Insiders own 13.40% of the company’s stock.

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.

Read More: How Investors Use a Balance Sheet

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

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