NN Investment Partners Holdings N.V. Continues to Hold Position in CommVault Systems, Inc. (CVLT)

NN Investment Partners Holdings N.V. maintained its stake in CommVault Systems, Inc. (NASDAQ:CVLT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,496 shares of the software maker’s stock at the end of the second quarter. NN Investment Partners Holdings N.V.’s holdings in CommVault Systems were worth $1,157,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in CVLT. Meadow Creek Investment Management LLC increased its position in CommVault Systems by 2.4% in the first quarter. Meadow Creek Investment Management LLC now owns 2,352 shares of the software maker’s stock valued at $120,000 after buying an additional 56 shares during the period. Glen Harbor Capital Management LLC increased its position in CommVault Systems by 2.4% in the first quarter. Glen Harbor Capital Management LLC now owns 2,856 shares of the software maker’s stock valued at $145,000 after buying an additional 68 shares during the period. Advantus Capital Management Inc increased its position in CommVault Systems by 2.5% in the first quarter. Advantus Capital Management Inc now owns 5,367 shares of the software maker’s stock valued at $273,000 after buying an additional 132 shares during the period. Mason Street Advisors LLC increased its position in CommVault Systems by 0.7% in the first quarter. Mason Street Advisors LLC now owns 19,806 shares of the software maker’s stock valued at $1,006,000 after buying an additional 147 shares during the period. Finally, Profund Advisors LLC increased its position in CommVault Systems by 2.3% in the first quarter. Profund Advisors LLC now owns 7,314 shares of the software maker’s stock valued at $372,000 after buying an additional 167 shares during the period. Institutional investors and hedge funds own 85.44% of the company’s stock.

Shares of CommVault Systems, Inc. (NASDAQ CVLT) traded up 0.51% during midday trading on Wednesday, reaching $59.10. 163,250 shares of the company’s stock traded hands. The stock has a 50 day moving average of $58.88 and a 200-day moving average of $54.22. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 1036.84 and a beta of 1.45. CommVault Systems, Inc. has a 52-week low of $47.61 and a 52-week high of $64.60.

CommVault Systems (NASDAQ:CVLT) last issued its quarterly earnings data on Tuesday, July 25th. The software maker reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The business had revenue of $165.97 million for the quarter, compared to analysts’ expectations of $159.92 million. CommVault Systems had a return on equity of 0.30% and a net margin of 0.35%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.21 EPS. On average, equities research analysts expect that CommVault Systems, Inc. will post $1.22 EPS for the current year.

CVLT has been the topic of a number of research analyst reports. BidaskClub raised shares of CommVault Systems from a “hold” rating to a “buy” rating in a research report on Saturday, June 10th. Mizuho reaffirmed a “buy” rating and set a $62.00 price objective on shares of CommVault Systems in a research report on Tuesday, June 20th. TheStreet upgraded shares of CommVault Systems from a “c” rating to a “b” rating in a research note on Monday, April 24th. Jefferies Group LLC boosted their price objective on shares of CommVault Systems from $64.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, May 5th. Finally, Zacks Investment Research cut shares of CommVault Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $67.00.

In other CommVault Systems news, insider Gary Merrill sold 3,072 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $59.01, for a total value of $181,278.72. Following the sale, the insider now owns 23,878 shares of the company’s stock, valued at approximately $1,409,040.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Brian Carolan sold 9,174 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $59.80, for a total value of $548,605.20. Following the completion of the sale, the vice president now directly owns 74,513 shares in the company, valued at approximately $4,455,877.40. The disclosure for this sale can be found here. Insiders have sold a total of 81,993 shares of company stock worth $4,841,639 in the last three months. 13.40% of the stock is currently owned by insiders.

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