90,000 Shares in CommVault Systems, Inc. $CVLT Bought by Soros Fund Management LLC

Soros Fund Management LLC acquired a new position in shares of CommVault Systems, Inc. (NASDAQ:CVLT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 90,000 shares of the software maker’s stock, valued at approximately $15,690,000. Soros Fund Management LLC owned about 0.20% of CommVault Systems at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Brooklyn Investment Group boosted its holdings in CommVault Systems by 8,550.0% during the first quarter. Brooklyn Investment Group now owns 173 shares of the software maker’s stock worth $27,000 after purchasing an additional 171 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of CommVault Systems by 188.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 271 shares of the software maker’s stock worth $47,000 after buying an additional 177 shares in the last quarter. Employees Retirement System of Texas purchased a new position in shares of CommVault Systems in the 2nd quarter worth approximately $55,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of CommVault Systems by 126.3% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 516 shares of the software maker’s stock worth $81,000 after buying an additional 288 shares during the last quarter. Finally, Reyes Financial Architecture Inc. bought a new position in shares of CommVault Systems in the second quarter valued at approximately $98,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Insider Activity

In other news, insider Gary Merrill sold 2,674 shares of the company’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $123.58, for a total transaction of $330,452.92. Following the sale, the insider directly owned 69,163 shares in the company, valued at $8,547,163.54. This represents a 3.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Sanjay Mirchandani sold 14,653 shares of the stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $123.65, for a total transaction of $1,811,843.45. Following the completion of the sale, the chief executive officer directly owned 372,369 shares in the company, valued at approximately $46,043,426.85. The trade was a 3.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 33,111 shares of company stock worth $4,058,851. 1.00% of the stock is owned by corporate insiders.

CommVault Systems Stock Performance

NASDAQ CVLT opened at $124.10 on Friday. The firm has a market cap of $5.47 billion, a P/E ratio of 69.72 and a beta of 0.60. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 4.18. The company’s 50 day moving average is $142.63 and its 200-day moving average is $167.38. CommVault Systems, Inc. has a 12-month low of $114.46 and a 12-month high of $200.68.

CommVault Systems (NASDAQ:CVLT) last released its quarterly earnings data on Tuesday, October 28th. The software maker reported $0.91 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.04). CommVault Systems had a return on equity of 31.53% and a net margin of 7.32%.The business had revenue of $276.19 million during the quarter, compared to the consensus estimate of $273.31 million. During the same period last year, the business posted $0.83 earnings per share. The firm’s quarterly revenue was up 18.4% on a year-over-year basis. Sell-side analysts predict that CommVault Systems, Inc. will post 1.65 earnings per share for the current year.

Analysts Set New Price Targets

CVLT has been the topic of a number of recent analyst reports. DA Davidson reiterated a “buy” rating and set a $220.00 price target on shares of CommVault Systems in a report on Thursday, November 13th. Guggenheim reissued a “buy” rating and issued a $220.00 price target on shares of CommVault Systems in a report on Thursday, October 16th. KeyCorp decreased their price objective on shares of CommVault Systems from $225.00 to $185.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. Wall Street Zen cut shares of CommVault Systems from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of CommVault Systems in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, CommVault Systems has a consensus rating of “Moderate Buy” and a consensus target price of $194.64.

CommVault Systems Company Profile

Commvault Systems, Inc provides data protection platform that helps customers to secure, defend, and recover their data in the United States and internationally. The company offers Commvault Backup and Recovery, a backup and recovery solution; Commvault Disaster Recovery, a replication and disaster recovery solution; Commvault Complete Data Protection, a data protection solution; and Metallic Data Protection as-a-service, which delivers enterprise-grade data protection as a service on a cloud platform, with advanced built-in security controls.