Duality Advisers LP purchased a new stake in CommVault Systems, Inc. (NASDAQ:CVLT) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 51,751 shares of the software maker’s stock, valued at approximately $2,003,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CVLT. BNP Paribas Arbitrage SA increased its holdings in shares of CommVault Systems by 10.6% in the first quarter. BNP Paribas Arbitrage SA now owns 89,338 shares of the software maker’s stock valued at $3,616,000 after purchasing an additional 8,597 shares during the last quarter. Federated Hermes Inc. raised its stake in CommVault Systems by 47.3% in the first quarter. Federated Hermes Inc. now owns 335,233 shares of the software maker’s stock valued at $13,570,000 after purchasing an additional 107,600 shares in the last quarter. Nuveen Asset Management LLC raised its position in CommVault Systems by 108.8% during the first quarter. Nuveen Asset Management LLC now owns 552,397 shares of the software maker’s stock valued at $22,361,000 after purchasing an additional 287,884 shares in the last quarter. State Street Corp raised its holdings in shares of CommVault Systems by 2.8% during the 1st quarter. State Street Corp now owns 1,356,566 shares of the software maker’s stock worth $54,914,000 after buying an additional 36,373 shares in the last quarter. Finally, Citigroup Inc. lifted its holdings in shares of CommVault Systems by 65.8% in the first quarter. Citigroup Inc. now owns 58,265 shares of the software maker’s stock worth $2,357,000 after acquiring an additional 23,120 shares during the last quarter. Institutional investors and hedge funds own 96.39% of the company’s stock.

Several research firms have recently issued reports on CVLT. Lake Street Capital raised CommVault Systems from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research note on Tuesday. Jefferies Financial Group boosted their price target on CommVault Systems from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday. Zacks Investment Research raised CommVault Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, July 15th. Royal Bank of Canada reiterated a “hold” rating and set a $48.00 price target on shares of CommVault Systems in a research note on Thursday. Finally, Needham & Company LLC reissued a “buy” rating and set a $56.00 price target on shares of CommVault Systems in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. CommVault Systems has a consensus rating of “Buy” and an average price target of $51.17.

Shares of NASDAQ CVLT opened at $44.08 on Friday. The company has a quick ratio of 1.56, a current ratio of 1.65 and a debt-to-equity ratio of 0.02. The company has a market cap of $2.04 billion, a P/E ratio of 629.80, a P/E/G ratio of 42.03 and a beta of 0.72. CommVault Systems, Inc. has a 52 week low of $24.26 and a 52 week high of $51.90. The business has a 50-day simple moving average of $38.58 and a two-hundred day simple moving average of $40.96.

CommVault Systems (NASDAQ:CVLT) last issued its quarterly earnings data on Tuesday, July 28th. The software maker reported $0.51 EPS for the quarter, beating the consensus estimate of $0.16 by $0.35. CommVault Systems had a net margin of 0.51% and a return on equity of 6.28%. The company had revenue of $173.00 million during the quarter, compared to analysts’ expectations of $152.87 million. During the same quarter in the previous year, the company earned $0.27 earnings per share. CommVault Systems’s revenue for the quarter was up 6.6% on a year-over-year basis. Equities research analysts anticipate that CommVault Systems, Inc. will post 0.1 EPS for the current year.

About CommVault Systems

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

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