CommVault Systems, Inc. (CVLT) is Ardevora Asset Management LLP’s 6th Largest Position

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Ardevora Asset Management LLP lifted its holdings in CommVault Systems, Inc. (NASDAQ:CVLT) by 7.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 530,038 shares of the software maker’s stock after purchasing an additional 35,960 shares during the quarter. CommVault Systems comprises 1.0% of Ardevora Asset Management LLP’s investment portfolio, making the stock its 6th biggest holding. Ardevora Asset Management LLP’s holdings in CommVault Systems were worth $37,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of CVLT. Mesirow Financial Investment Management Equity Management boosted its position in shares of CommVault Systems by 22.4% in the third quarter. Mesirow Financial Investment Management Equity Management now owns 171,110 shares of the software maker’s stock worth $11,976,000 after buying an additional 31,295 shares during the period. Public Employees Retirement Association of Colorado boosted its position in shares of CommVault Systems by 14.1% in the third quarter. Public Employees Retirement Association of Colorado now owns 252,215 shares of the software maker’s stock worth $17,655,000 after buying an additional 31,100 shares during the period. Russell Investments Group Ltd. boosted its position in shares of CommVault Systems by 29.1% in the third quarter. Russell Investments Group Ltd. now owns 135,507 shares of the software maker’s stock worth $9,485,000 after buying an additional 30,560 shares during the period. Alps Advisors Inc. boosted its position in shares of CommVault Systems by 27.4% in the third quarter. Alps Advisors Inc. now owns 20,401 shares of the software maker’s stock worth $1,428,000 after buying an additional 4,388 shares during the period. Finally, First Trust Advisors LP boosted its position in shares of CommVault Systems by 82.0% in the third quarter. First Trust Advisors LP now owns 49,358 shares of the software maker’s stock worth $3,455,000 after buying an additional 22,241 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

In other CommVault Systems news, Director Vivie Lee sold 860 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $69.75, for a total transaction of $59,985.00. Following the sale, the director now owns 4,364 shares in the company, valued at $304,389. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Ronald L. Miiller sold 2,213 shares of the company’s 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 sale, the senior vice president now owns 98,117 shares in the company, valued at approximately $6,377,605. The disclosure for this sale can be found here. Insiders sold 3,208 shares of company stock valued at $212,560 in the last three months. 13.40% of the stock is currently owned by company insiders.

Several equities research analysts have recently weighed in on the company. ValuEngine raised CommVault Systems from a “hold” rating to a “buy” rating in a research report on Friday. Mitsubishi UFJ Financial Group increased their price target on CommVault Systems and gave the company a “neutral” rating in a report on Wednesday, July 25th. Zacks Investment Research raised CommVault Systems from a “hold” rating to a “strong-buy” rating and set a $74.00 price target for the company in a report on Friday, July 27th. Finally, BidaskClub downgraded CommVault Systems from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. CommVault Systems currently has an average rating of “Buy” and an average price target of $76.57.

CVLT traded down $0.21 on Tuesday, reaching $54.94. The company’s stock had a trading volume of 531,751 shares, compared to its average volume of 392,825. The company has a market capitalization of $2.65 billion, a P/E ratio of -93.12, a P/E/G ratio of 6.13 and a beta of 1.17. CommVault Systems, Inc. has a 1 year low of $48.35 and a 1 year high of $72.65.

CommVault Systems (NASDAQ:CVLT) last issued its quarterly earnings results on Tuesday, October 30th. The software maker reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. The firm had revenue of $169.08 million during the quarter, compared to the consensus estimate of $179.08 million. CommVault Systems had a positive return on equity of 0.72% and a negative net margin of 9.89%. CommVault Systems’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.21 earnings per share. Sell-side analysts anticipate that CommVault Systems, Inc. will post 0.6 earnings per share for the current year.

About CommVault Systems

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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