Trade Report: The LMR Partners LLP Acquires Shares of 6,237 CommVault Systems Inc. (CVLT)

The LMR Partners LLP Acquires Shares of 6,237 CommVault Systems Inc. (CVLT)

LMR Partners LLP acquired a new position in shares of CommVault Systems Inc. (NASDAQ:CVLT) during the second quarter, Holdings Channel reports. The firm acquired 6,237 shares of the company’s stock, valued at approximately $269,000.

Other large investors have also recently made changes to their positions in the company. LS Investment Advisors LLC raised its position in shares of CommVault Systems by 67.5% in the second quarter. LS Investment Advisors LLC now owns 2,493 shares of the company’s stock valued at $108,000 after buying an additional 1,005 shares during the period. Calamos Advisors LLC acquired a new stake in shares of CommVault Systems during the second quarter valued at about $206,000. Bayesian Capital Management LP boosted its stake in shares of CommVault Systems by 4.2% in the first quarter. Bayesian Capital Management LP now owns 7,293 shares of the company’s stock valued at $315,000 after buying an additional 293 shares in the last quarter. Baker Avenue Asset Management LP boosted its stake in shares of CommVault Systems by 20.2% in the first quarter. Baker Avenue Asset Management LP now owns 10,100 shares of the company’s stock valued at $436,000 after buying an additional 1,700 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in shares of CommVault Systems during the first quarter valued at about $620,000. 91.50% of the stock is owned by hedge funds and other institutional investors.

CommVault Systems Inc. (NASDAQ:CVLT) traded up 0.17% during mid-day trading on Friday, reaching $53.34. 343,084 shares of the company’s stock were exchanged. The company’s market capitalization is $2.37 billion. CommVault Systems Inc. has a 52 week low of $29.41 and a 52 week high of $55.89. The company’s 50 day moving average price is $52.98 and its 200-day moving average price is $47.54.

CommVault Systems (NASDAQ:CVLT) last issued its earnings results on Tuesday, July 26th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.04. CommVault Systems had a negative return on equity of 1.33% and a negative net margin of 0.10%. The business earned $152.40 million during the quarter, compared to analysts’ expectations of $149.15 million. During the same quarter in the previous year, the business earned $0.12 EPS. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, equities research analysts expect that CommVault Systems Inc. will post $0.96 earnings per share for the current fiscal year.

Several analysts have recently issued reports on the stock. Stifel Nicolaus increased their price target on shares of CommVault Systems from $62.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, October 6th. Jefferies Group reissued a “buy” rating and set a $64.00 price target on shares of CommVault Systems in a research report on Thursday, October 6th. KeyCorp increased their price target on shares of CommVault Systems from $53.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday, October 6th. Mizuho increased their price target on shares of CommVault Systems from $56.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, September 9th. Finally, Zacks Investment Research cut shares of CommVault Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, July 27th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $50.73.

In other news, SVP Ronald L. Miiller sold 31,727 shares of the business’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $50.44, for a total transaction of $1,600,309.88. Following the completion of the sale, the senior vice president now owns 156,649 shares in the company, valued at approximately $7,901,375.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 13.60% of the company’s stock.

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