Retirement Systems of Alabama Has $15.12 Million Holdings in CommVault Systems, Inc. (CVLT)

Retirement Systems of Alabama grew its stake in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 13.9% in the third quarter, HoldingsChannel.com reports. The fund owned 216,059 shares of the software maker’s stock after acquiring an additional 26,376 shares during the quarter. Retirement Systems of Alabama’s holdings in CommVault Systems were worth $15,124,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in CVLT. BlackRock Inc. raised its position in shares of CommVault Systems by 5.7% during the 2nd quarter. BlackRock Inc. now owns 4,691,145 shares of the software maker’s stock valued at $308,910,000 after buying an additional 254,649 shares in the last quarter. FMR LLC grew its holdings in CommVault Systems by 5.5% in the 2nd quarter. FMR LLC now owns 1,787,322 shares of the software maker’s stock worth $117,696,000 after acquiring an additional 93,309 shares during the last quarter. Renaissance Technologies LLC grew its holdings in CommVault Systems by 17.3% in the 2nd quarter. Renaissance Technologies LLC now owns 1,599,800 shares of the software maker’s stock worth $105,347,000 after acquiring an additional 236,400 shares during the last quarter. Northern Trust Corp boosted its stake in shares of CommVault Systems by 3.1% during the 2nd quarter. Northern Trust Corp now owns 654,209 shares of the software maker’s stock valued at $43,079,000 after purchasing an additional 19,564 shares in the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd boosted its stake in shares of CommVault Systems by 196.8% during the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 430,530 shares of the software maker’s stock valued at $30,137,000 after purchasing an additional 285,486 shares in the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

In other news, SVP Ronald L. Miiller sold 2,213 shares of CommVault Systems stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $65.00, for a total transaction of $143,845.00. Following the completion of the transaction, the senior vice president now directly owns 98,117 shares of the company’s stock, valued at approximately $6,377,605. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Vivie Lee sold 860 shares of CommVault Systems stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $69.75, for a total transaction of $59,985.00. Following the transaction, the director now directly owns 4,364 shares of the company’s stock, valued at $304,389. The disclosure for this sale can be found here. Insiders sold a total of 3,208 shares of company stock worth $212,560 over the last 90 days. Company insiders own 13.40% of the company’s stock.



Several research firms recently commented on CVLT. ValuEngine raised shares of CommVault Systems from a “hold” rating to a “buy” rating in a research note on Friday. Mitsubishi UFJ Financial Group boosted their price objective on shares of CommVault Systems and gave the company a “neutral” rating in a report on Wednesday, July 25th. Zacks Investment Research upgraded shares of CommVault Systems from a “hold” rating to a “strong-buy” rating and set a $74.00 target price for the company in a research report on Friday, July 27th. Finally, BidaskClub lowered shares of CommVault Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $76.57.

Shares of CommVault Systems stock opened at $55.15 on Tuesday. CommVault Systems, Inc. has a 1 year low of $48.35 and a 1 year high of $72.65. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 1,932.33, a price-to-earnings-growth ratio of 6.13 and a beta of 1.17.

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.

Read More: Dividend

Want to see what other hedge funds are holding CVLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CommVault Systems, Inc. (NASDAQ:CVLT).

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

Receive News & Ratings for CommVault Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CommVault Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply