Fox Run Management L.L.C. Has $822,000 Stock Position in CommVault Systems, Inc. (NASDAQ:CVLT)

Fox Run Management L.L.C. raised its holdings in CommVault Systems, Inc. (NASDAQ:CVLT) by 44.1% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 5,213 shares of the software maker’s stock after acquiring an additional 1,595 shares during the period. Fox Run Management L.L.C.’s holdings in CommVault Systems were worth $822,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC acquired a new stake in shares of CommVault Systems during the 1st quarter worth approximately $243,000. Asset Management One Co. Ltd. acquired a new stake in shares of CommVault Systems during the 1st quarter worth approximately $1,229,000. Principal Financial Group Inc. grew its holdings in shares of CommVault Systems by 1.4% during the 1st quarter. Principal Financial Group Inc. now owns 122,042 shares of the software maker’s stock worth $19,253,000 after purchasing an additional 1,668 shares in the last quarter. Yorktown Management & Research Co Inc acquired a new stake in shares of CommVault Systems during the 1st quarter worth approximately $260,000. Finally, Wedge Capital Management L L P NC grew its holdings in shares of CommVault Systems by 1,936.0% during the 1st quarter. Wedge Capital Management L L P NC now owns 360,355 shares of the software maker’s stock worth $56,850,000 after purchasing an additional 342,656 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

CommVault Systems Price Performance

CommVault Systems stock opened at $180.02 on Friday. The company has a market capitalization of $8.00 billion, a PE ratio of 100.01 and a beta of 0.70. CommVault Systems, Inc. has a one year low of $128.07 and a one year high of $200.68. The business has a 50 day simple moving average of $177.81 and a 200 day simple moving average of $170.66.

CommVault Systems (NASDAQ:CVLT) last issued its quarterly earnings data on Tuesday, July 29th. The software maker reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.04. CommVault Systems had a return on equity of 30.83% and a net margin of 7.70%. The firm had revenue of $281.98 million during the quarter, compared to the consensus estimate of $267.83 million. The company’s revenue was up 26% on a year-over-year basis. Equities analysts anticipate that CommVault Systems, Inc. will post 1.65 earnings per share for the current fiscal year.

Insider Buying and Selling at CommVault Systems

In other CommVault Systems news, CEO Sanjay Mirchandani sold 1,709 shares of CommVault Systems stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total value of $299,075.00. Following the completion of the transaction, the chief executive officer owned 469,648 shares in the company, valued at approximately $82,188,400. The trade was a 0.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Gary Merrill sold 1,748 shares of CommVault Systems stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $174.91, for a total value of $305,742.68. Following the completion of the transaction, the insider owned 89,923 shares of the company’s stock, valued at approximately $15,728,431.93. The trade was a 1.91% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on CVLT shares. Royal Bank Of Canada lifted their price objective on CommVault Systems from $185.00 to $217.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 30th. KeyCorp lifted their price objective on CommVault Systems from $195.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. Guggenheim set a $220.00 price objective on CommVault Systems in a report on Tuesday, July 29th. DA Davidson raised their target price on CommVault Systems from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Finally, Wells Fargo & Company raised their target price on CommVault Systems from $190.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, CommVault Systems currently has an average rating of “Moderate Buy” and a consensus target price of $205.63.

About CommVault Systems

Commvault Systems, Inc provides data protection platform that helps customers to secure, defend, and recover their data in the United States and internationally. The company offers Commvault Backup and Recovery, a backup and recovery solution; Commvault Disaster Recovery, a replication and disaster recovery solution; Commvault Complete Data Protection, a data protection solution; and Metallic Data Protection as-a-service, which delivers enterprise-grade data protection as a service on a cloud platform, with advanced built-in security controls.