CommVault Systems, Inc. (CVLT) Stake Decreased by Barrow Hanley Mewhinney & Strauss LLC

Share on StockTwits

Barrow Hanley Mewhinney & Strauss LLC lessened its position in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 5.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 98,960 shares of the software maker’s stock after selling 5,802 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.22% of CommVault Systems worth $5,660,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Sterling Capital Management LLC lifted its holdings in shares of CommVault Systems by 17.8% during the 4th quarter. Sterling Capital Management LLC now owns 41,405 shares of the software maker’s stock worth $2,174,000 after acquiring an additional 6,258 shares during the period. Public Employees Retirement Association of Colorado lifted its holdings in shares of CommVault Systems by 28.4% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 167,415 shares of the software maker’s stock worth $9,576,000 after acquiring an additional 37,042 shares during the period. BlackRock Inc. lifted its holdings in shares of CommVault Systems by 2.2% during the 4th quarter. BlackRock Inc. now owns 4,424,276 shares of the software maker’s stock worth $232,274,000 after acquiring an additional 96,629 shares during the period. Virtu Financial LLC bought a new stake in shares of CommVault Systems during the 4th quarter worth approximately $260,000. Finally, Segall Bryant & Hamill LLC lifted its holdings in shares of CommVault Systems by 4.1% during the 4th quarter. Segall Bryant & Hamill LLC now owns 70,375 shares of the software maker’s stock worth $3,695,000 after acquiring an additional 2,802 shares during the period. 93.51% of the stock is owned by institutional investors.

CommVault Systems opened at $70.90 on Thursday, Marketbeat reports. The company has a market cap of $3.24 billion, a P/E ratio of -120.17, a P/E/G ratio of 15.37 and a beta of 1.15. CommVault Systems, Inc. has a 1 year low of $48.35 and a 1 year high of $72.65.

CommVault Systems (NASDAQ:CVLT) last released its quarterly earnings data on Tuesday, May 1st. The software maker reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.02). CommVault Systems had a negative return on equity of 0.12% and a negative net margin of 8.85%. The company had revenue of $184.90 million for the quarter, compared to analyst estimates of $187.01 million. During the same quarter in the prior year, the company earned $0.29 earnings per share. CommVault Systems’s revenue for the quarter was up 10.9% compared to the same quarter last year. analysts anticipate that CommVault Systems, Inc. will post 0.34 earnings per share for the current year.

In other CommVault Systems news, insider Al Bunte sold 135,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 4th. The shares were sold at an average price of $65.51, for a total value of $8,843,850.00. Following the completion of the transaction, the insider now directly owns 561,599 shares in the company, valued at approximately $36,790,350.49. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Brian Carolan sold 9,106 shares of the company’s stock in a transaction that occurred on Tuesday, April 3rd. The shares were sold at an average price of $65.10, for a total transaction of $592,800.60. Following the completion of the transaction, the vice president now owns 86,570 shares of the company’s stock, valued at $5,635,707. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 206,183 shares of company stock valued at $13,780,501. Corporate insiders own 13.40% of the company’s stock.

A number of analysts have recently weighed in on CVLT shares. BidaskClub raised shares of CommVault Systems from a “sell” rating to a “hold” rating in a report on Wednesday, March 21st. Mizuho reiterated a “buy” rating and set a $75.00 price objective on shares of CommVault Systems in a research report on Monday, April 30th. Jefferies Financial Group reiterated a “buy” rating and set a $76.00 price objective on shares of CommVault Systems in a research report on Monday, April 2nd. BTIG Research upped their price objective on shares of CommVault Systems from $70.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, April 26th. Finally, Wells Fargo & Co upped their price objective on shares of CommVault Systems from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, June 7th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. CommVault Systems currently has an average rating of “Buy” and a consensus price target of $75.10.

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.

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