Northern Trust Corp Has $38.76 Million Position in CommVault Systems, Inc. (CVLT)

Northern Trust Corp boosted its stake in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 3.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 686,561 shares of the software maker’s stock after purchasing an additional 23,184 shares during the period. Northern Trust Corp owned about 1.51% of CommVault Systems worth $38,755,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CVLT. UBS Asset Management Americas Inc. lifted its position in CommVault Systems by 61.5% during the first quarter. UBS Asset Management Americas Inc. now owns 23,871 shares of the software maker’s stock valued at $1,213,000 after purchasing an additional 9,089 shares in the last quarter. JPMorgan Chase & Co. lifted its position in CommVault Systems by 7.1% during the first quarter. JPMorgan Chase & Co. now owns 278,371 shares of the software maker’s stock valued at $14,141,000 after purchasing an additional 18,444 shares in the last quarter. Prudential Financial Inc. lifted its position in CommVault Systems by 26.8% during the first quarter. Prudential Financial Inc. now owns 113,847 shares of the software maker’s stock valued at $5,784,000 after purchasing an additional 24,040 shares in the last quarter. Arizona State Retirement System lifted its position in CommVault Systems by 7.0% during the first quarter. Arizona State Retirement System now owns 17,400 shares of the software maker’s stock valued at $884,000 after purchasing an additional 1,144 shares in the last quarter. Finally, Credit Agricole S A purchased a new position in CommVault Systems during the first quarter valued at $334,000. Institutional investors own 88.45% of the company’s stock.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings results on Tuesday, July 25th. The software maker reported $0.21 EPS for the quarter, beating the consensus estimate of $0.19 by $0.02. CommVault Systems had a net margin of 0.35% and a return on equity of 0.30%. The company had revenue of $165.97 million for the quarter, compared to analyst estimates of $159.92 million. During the same period in the prior year, the company earned $0.21 earnings per share. The firm’s revenue was up 9.4% on a year-over-year basis.

In other news, insider Gary Merrill sold 7,260 shares of the stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $62.28, for a total transaction of $452,152.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Al Bunte sold 30,001 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $60.01, for a total transaction of $1,800,360.01. Following the sale, the insider now directly owns 474,780 shares in the company, valued at $28,491,547.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 65,507 shares of company stock worth $3,973,197. Corporate insiders own 13.40% of the company’s stock.

Several equities analysts recently weighed in on CVLT shares. KeyCorp reiterated a “buy” rating and set a $70.00 target price on shares of CommVault Systems in a research report on Friday, September 1st. BidaskClub downgraded CommVault Systems from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Mizuho reiterated a “buy” rating and set a $62.00 target price on shares of CommVault Systems in a research report on Tuesday, June 20th. Royal Bank Of Canada reiterated a “hold” rating and set a $67.00 target price on shares of CommVault Systems in a research report on Monday, September 4th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $74.00 target price on shares of CommVault Systems in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. CommVault Systems currently has a consensus rating of “Buy” and an average price target of $70.67.

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CommVault Systems Company Profile

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

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