Pendal Group Ltd boosted its stake in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 5.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,985 shares of the software maker’s stock after acquiring an additional 1,394 shares during the quarter. Pendal Group Ltd owned about 0.06% of CommVault Systems worth $1,389,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the business. Legal & General Group Plc raised its stake in shares of CommVault Systems by 11.1% during the 4th quarter. Legal & General Group Plc now owns 42,586 shares of the software maker’s stock worth $2,517,000 after buying an additional 4,239 shares in the last quarter. Rhumbline Advisers increased its stake in CommVault Systems by 1.7% in the 1st quarter. Rhumbline Advisers now owns 136,512 shares of the software maker’s stock valued at $8,838,000 after purchasing an additional 2,270 shares in the last quarter. Redwood Investment Management LLC increased its stake in CommVault Systems by 24.3% in the 1st quarter. Redwood Investment Management LLC now owns 15,234 shares of the software maker’s stock valued at $986,000 after purchasing an additional 2,975 shares in the last quarter. Sciencast Management LP purchased a new position in CommVault Systems in the 1st quarter valued at approximately $368,000. Finally, Virtu Financial LLC purchased a new position in CommVault Systems in the 1st quarter valued at approximately $255,000. 89.07% of the stock is owned by institutional investors.
NASDAQ CVLT traded up $0.79 during mid-day trading on Friday, hitting $42.07. The stock had a trading volume of 2,274 shares, compared to its average volume of 535,490. CommVault Systems, Inc. has a 52-week low of $40.89 and a 52-week high of $70.70. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 69.63, a P/E/G ratio of 11.40 and a beta of 1.16. The company has a 50 day simple moving average of $47.93 and a 200 day simple moving average of $55.93. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.03.
Several equities analysts recently weighed in on the company. Jefferies Financial Group dropped their price objective on CommVault Systems to $65.00 and set a “buy” rating for the company in a research note on Tuesday, April 30th. They noted that the move was a valuation call. Mitsubishi UFJ Financial Group dropped their price objective on CommVault Systems from $74.00 to $67.00 and set an “overweight” rating for the company in a research note on Tuesday, April 30th. BidaskClub downgraded CommVault Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, August 7th. Royal Bank of Canada set a $50.00 price objective on CommVault Systems and gave the company a “hold” rating in a research note on Wednesday, July 31st. Finally, Lake Street Capital downgraded CommVault Systems from a “buy” rating to a “hold” rating and dropped their price objective for the company from $69.00 to $60.00 in a research note on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $62.83.
CommVault Systems Company 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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