QS Investors LLC Has $1.98 Million Position in CommVault Systems, Inc. (NASDAQ:CVLT)

QS Investors LLC raised its position in CommVault Systems, Inc. (NASDAQ:CVLT) by 28,183.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,072 shares of the software maker’s stock after acquiring an additional 34,948 shares during the quarter. QS Investors LLC owned 0.08% of CommVault Systems worth $1,980,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Bayesian Capital Management LP acquired a new stake in shares of CommVault Systems during the second quarter worth approximately $477,000. Numeric Investors LLC acquired a new stake in shares of CommVault Systems during the second quarter worth approximately $745,000. Kopp Investment Advisors LLC grew its position in shares of CommVault Systems by 2.5% during the second quarter. Kopp Investment Advisors LLC now owns 55,326 shares of the software maker’s stock worth $3,123,000 after buying an additional 1,327 shares in the last quarter. OxFORD Asset Management LLP lifted its stake in CommVault Systems by 31.5% during the second quarter. OxFORD Asset Management LLP now owns 114,238 shares of the software maker’s stock worth $6,449,000 after purchasing an additional 27,348 shares during the last quarter. Finally, Virtu KCG Holdings LLC bought a new position in CommVault Systems during the second quarter worth $278,000. 88.46% of the stock is owned by institutional investors.

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CommVault Systems, Inc. (NASDAQ CVLT) opened at 60.70 on Wednesday. The company has a market capitalization of $2.76 billion, a P/E ratio of 1064.91 and a beta of 1.40. CommVault Systems, Inc. has a 12-month low of $47.61 and a 12-month high of $64.60. The company’s 50 day moving average price is $61.12 and its 200-day moving average price is $57.48.

CommVault Systems (NASDAQ:CVLT) last issued its quarterly earnings data on Tuesday, July 25th. The software maker reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The firm had revenue of $165.97 million during the quarter, compared to analyst estimates of $159.92 million. CommVault Systems had a return on equity of 0.30% and a net margin of 0.35%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 EPS. Equities analysts forecast that CommVault Systems, Inc. will post $1.22 earnings per share for the current fiscal year.

Several equities analysts recently issued reports on the company. Jefferies Group LLC raised their price objective on CommVault Systems from $67.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, July 25th. BidaskClub upgraded CommVault Systems from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Mizuho reiterated a “buy” rating and issued a $75.00 target price (up from $70.00) on shares of CommVault Systems in a research note on Monday, July 24th. Stifel Nicolaus reiterated a “buy” rating and issued a $75.00 target price (up from $68.00) on shares of CommVault Systems in a research note on Wednesday, July 26th. Finally, Royal Bank Of Canada reiterated a “hold” rating on shares of CommVault Systems in a research note on Monday, October 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. CommVault Systems presently has a consensus rating of “Buy” and an average target price of $70.67.

In other news, insider Gary Merrill sold 3,072 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $59.01, for a total value of $181,278.72. Following the completion of the transaction, the insider now directly owns 23,878 shares of the company’s stock, valued at $1,409,040.78. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Brian Carolan sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $62.95, for a total value of $503,600.00. Following the completion of the transaction, the vice president now directly owns 82,471 shares of the company’s stock, valued at $5,191,549.45. The disclosure for this sale can be found here. Insiders have sold a total of 61,507 shares of company stock valued at $3,733,597 over the last three months. Corporate insiders own 13.40% of the company’s stock.

About CommVault Systems

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

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