CommVault Systems, Inc. (CVLT) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC boosted its stake in CommVault Systems, Inc. (NASDAQ:CVLT) by 228.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,481 shares of the software maker’s stock after acquiring an additional 9,375 shares during the period. SG Americas Securities LLC’s holdings in CommVault Systems were worth $761,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. US Bancorp DE boosted its holdings in CommVault Systems by 47.0% in the second quarter. US Bancorp DE now owns 2,102 shares of the software maker’s stock valued at $119,000 after acquiring an additional 672 shares in the last quarter. Meadow Creek Investment Management LLC boosted its holdings in CommVault Systems by 2.4% in the first quarter. Meadow Creek Investment Management LLC now owns 2,352 shares of the software maker’s stock valued at $120,000 after acquiring an additional 56 shares in the last quarter. Glen Harbor Capital Management LLC boosted its holdings in CommVault Systems by 2.4% in the first quarter. Glen Harbor Capital Management LLC now owns 2,856 shares of the software maker’s stock valued at $145,000 after acquiring an additional 68 shares in the last quarter. LS Investment Advisors LLC boosted its holdings in CommVault Systems by 22.6% in the first quarter. LS Investment Advisors LLC now owns 3,455 shares of the software maker’s stock valued at $176,000 after acquiring an additional 636 shares in the last quarter. Finally, Trexquant Investment LP bought a new stake in CommVault Systems in the second quarter valued at $215,000. Institutional investors and hedge funds own 88.45% of the company’s stock.

In related news, insider Al Bunte sold 30,001 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $60.01, for a total transaction of $1,800,360.01. Following the completion of the sale, the insider now directly owns 474,780 shares in the company, valued at approximately $28,491,547.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gary Merrill sold 3,072 shares of the company’s stock in a transaction 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 sale, the insider now owns 23,878 shares of the company’s stock, valued at $1,409,040.78. The disclosure for this sale can be found here. Insiders have sold a total of 54,247 shares of company stock valued at $3,273,444 over the last 90 days. 13.40% of the stock is currently owned by company insiders.

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Several analysts recently weighed in on CVLT shares. KeyCorp reiterated a “buy” rating and issued a $70.00 price target on shares of CommVault Systems in a report on Friday, September 1st. TheStreet cut shares of CommVault Systems from a “b” rating to a “c” rating in a report on Monday, June 5th. BidaskClub cut shares of CommVault Systems from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Mizuho reiterated a “buy” rating and issued a $62.00 price target on shares of CommVault Systems in a report on Tuesday, June 20th. Finally, Zacks Investment Research lowered CommVault Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. CommVault Systems presently has a consensus rating of “Buy” and an average target price of $69.80.

CommVault Systems, Inc. (NASDAQ:CVLT) opened at 60.70 on Friday. CommVault Systems, Inc. has a 52-week low of $47.61 and a 52-week high of $64.60. The stock has a 50 day moving average price of $59.90 and a 200 day moving average price of $55.92. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of 1064.91 and a beta of 1.44.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings results on Tuesday, July 25th. The software maker reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The business had revenue of $165.97 million for the quarter, compared to the consensus estimate of $159.92 million. CommVault Systems had a return on equity of 0.30% and a net margin of 0.35%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.21 EPS. Analysts expect that CommVault Systems, Inc. will post $1.22 EPS for the current fiscal year.

CommVault Systems Profile

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

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