Federated Investors Inc. PA Grows Stake in CommVault Systems, Inc. (NASDAQ:CVLT)

Federated Investors Inc. PA raised its position in CommVault Systems, Inc. (NASDAQ:CVLT) by 45.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 255,712 shares of the software maker’s stock after buying an additional 80,300 shares during the quarter. Federated Investors Inc. PA owned approximately 0.56% of CommVault Systems worth $16,555,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Lunia Capital LP grew its holdings in CommVault Systems by 4,687.4% in the fourth quarter. Lunia Capital LP now owns 16,642,403 shares of the software maker’s stock valued at $16,642,000 after purchasing an additional 16,294,775 shares during the last quarter. BlackRock Inc. lifted its position in shares of CommVault Systems by 1.6% in the first quarter. BlackRock Inc. now owns 4,673,251 shares of the software maker’s stock valued at $302,546,000 after acquiring an additional 73,168 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of CommVault Systems by 16.0% in the fourth quarter. Mackenzie Financial Corp now owns 1,388,279 shares of the software maker’s stock valued at $82,033,000 after acquiring an additional 191,800 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of CommVault Systems by 12.6% in the fourth quarter. Bank of New York Mellon Corp now owns 760,698 shares of the software maker’s stock valued at $44,948,000 after acquiring an additional 85,409 shares in the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd increased its stake in CommVault Systems by 36.4% during the first quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 665,518 shares of the software maker’s stock worth $43,085,000 after acquiring an additional 177,690 shares during the last quarter. Institutional investors own 89.23% of the company’s stock.

Shares of NASDAQ:CVLT traded up $0.20 on Monday, reaching $49.82. The company had a trading volume of 269,900 shares, compared to its average volume of 509,821. The company has a 50-day moving average of $48.10. The stock has a market cap of $2.27 billion, a PE ratio of 83.03, a P/E/G ratio of 7.04 and a beta of 1.16. CommVault Systems, Inc. has a twelve month low of $45.53 and a twelve month high of $70.70.

CommVault Systems (NASDAQ:CVLT) last issued its quarterly earnings results on Tuesday, April 30th. The software maker reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.22. The firm had revenue of $181.40 million for the quarter, compared to analyst estimates of $189.02 million. CommVault Systems had a return on equity of 6.30% and a net margin of 0.50%. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.31 earnings per share. As a group, sell-side analysts predict that CommVault Systems, Inc. will post 0.45 EPS for the current fiscal year.

A number of equities research analysts have weighed in on CVLT shares. ValuEngine lowered CommVault Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Mitsubishi UFJ Financial Group reduced their target price on CommVault Systems from $74.00 to $67.00 and set an “overweight” rating on the stock in a report on Tuesday, April 30th. Zacks Investment Research raised CommVault Systems from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a report on Monday, April 15th. BidaskClub downgraded CommVault Systems from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th. Finally, Jefferies Financial Group cut their target price on CommVault Systems to $65.00 and set a “buy” rating on the stock in a research note on Tuesday, April 30th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $65.40.

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.

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

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