WINTON GROUP Ltd Trims Stock Position in Commvault Systems, Inc. (NASDAQ:CVLT)

WINTON GROUP Ltd cut its position in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 54.0% during the second quarter, Holdings Channel.com reports. The firm owned 11,473 shares of the software maker’s stock after selling 13,463 shares during the quarter. WINTON GROUP Ltd’s holdings in Commvault Systems were worth $897,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Huntington National Bank purchased a new position in Commvault Systems during the second quarter worth about $42,000. Eudaimonia Partners LLC purchased a new position in Commvault Systems during the first quarter worth about $43,000. Altshuler Shaham Ltd purchased a new position in Commvault Systems during the first quarter worth about $65,000. O Shaughnessy Asset Management LLC purchased a new position in Commvault Systems during the first quarter worth about $77,000. Finally, FORA Capital LLC purchased a new position in Commvault Systems during the first quarter worth about $78,000. 92.95% of the stock is currently owned by institutional investors.

In other Commvault Systems news, insider Gary Merrill sold 3,991 shares of the business’s stock in a transaction that occurred on Tuesday, August 17th. The shares were sold at an average price of $74.93, for a total transaction of $299,045.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gary B. Smith sold 18,500 shares of the business’s stock in a transaction that occurred on Thursday, August 5th. The stock was sold at an average price of $76.26, for a total transaction of $1,410,810.00. Following the transaction, the director now owns 56,707 shares of the company’s stock, valued at approximately $4,324,475.82. The disclosure for this sale can be found here. Insiders have sold a total of 33,816 shares of company stock valued at $2,637,373 in the last quarter. 0.99% of the stock is currently owned by company insiders.

A number of equities research analysts have weighed in on the stock. Needham & Company LLC assumed coverage on shares of Commvault Systems in a research report on Monday. They set a “buy” rating and a $95.00 price target for the company. KeyCorp lifted their price target on shares of Commvault Systems from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, July 22nd. Zacks Investment Research cut shares of Commvault Systems from a “buy” rating to a “hold” rating in a research report on Monday, August 2nd. Finally, Summit Insights lifted their price target on shares of Commvault Systems from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, July 28th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Commvault Systems presently has a consensus rating of “Buy” and a consensus target price of $81.88.

Shares of CVLT stock opened at $78.36 on Friday. The stock has a market capitalization of $3.59 billion, a P/E ratio of -178.09, a price-to-earnings-growth ratio of 6.51 and a beta of 0.68. The company has a 50 day moving average price of $77.98 and a 200 day moving average price of $73.49. Commvault Systems, Inc. has a fifty-two week low of $38.90 and a fifty-two week high of $84.22.

Commvault Systems (NASDAQ:CVLT) last announced its quarterly earnings data on Monday, July 26th. The software maker reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.10. Commvault Systems had a negative net margin of 2.64% and a positive return on equity of 10.41%. The firm had revenue of $183.40 million during the quarter, compared to analysts’ expectations of $181.71 million. During the same quarter in the previous year, the business posted $0.51 earnings per share. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. Equities analysts forecast that Commvault Systems, Inc. will post 1.2 earnings per share for the current fiscal year.

About Commvault Systems

Commvault Systems, Inc engages in the provision of data protection and information management software applications and related services. It products category include Data Protection, Data insights, Storage, and Metallic BaaS. The firm also offers professional, managed, support, and training services.

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

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