Gagnon Securities buys $6,703,199 stake in CommVault Systems (CVLT)

CommVault Systems (CVLT) : Gagnon Securities scooped up 1,676 additional shares in CommVault Systems during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 155,635 shares of CommVault Systems which is valued at $6,703,199.CommVault Systems makes up approximately 3.33% of Gagnon Securities’s portfolio.

Other Hedge Funds, Including , Rail-splitter Capital Management boosted its stake in CVLT in the latest quarter, The investment management firm added 38,445 additional shares and now holds a total of 259,693 shares of CommVault Systems which is valued at $11,184,978. CommVault Systems makes up approx 2.82% of Rail-splitter Capital Management’s portfolio. Stoneridge Investment Partners added CVLT to its portfolio by purchasing 32,783 company shares during the most recent quarter which is valued at $1,434,912. CommVault Systems makes up approx 0.21% of Stoneridge Investment Partners’s portfolio.American Capital Management Inc boosted its stake in CVLT in the latest quarter, The investment management firm added 20,000 additional shares and now holds a total of 70,000 shares of CommVault Systems which is valued at $3,063,900. CommVault Systems makes up approx 0.28% of American Capital Management Inc’s portfolio.

CommVault Systems opened for trading at $43.26 and hit $44.25 on the upside on Tuesday, eventually ending the session at $44.06, with a gain of 2.16% or 0.93 points. The heightened volatility saw the trading volume jump to 2,94,143 shares. Company has a market cap of $1,948 M.

On the company’s financial health, CommVault Systems reported $0.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.25. The company had revenue of $159.60 million for the quarter, compared to analysts expectations of $157.09 million. The company’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.

Many Wall Street Analysts have commented on CommVault Systems. Company shares were Reiterated by RBC Capital Mkts on May 4, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 47 from a previous price target of $43 .Company shares were Reiterated by Mizuho on Apr 27, 2016 to “Buy”, Firm has raised the Price Target to $ 50 from a previous price target of $40 .

CommVault Systems Inc. (CommVault) is a provider of data and information management software applications and related services. The Company develops market and sell data and information management software applications under the Simpana Software brand. The Company develops markets and sells a suite of software applications and services primarily in North America Europe Australia and Asia that provides its customers with data protection including backup and recovery; data migration and archiving; snapshot management and replication of data; integrated source and target data deduplication; eDiscovery and compliance solutions; self-service access; a secure virtual repository using simpana contentStore; enterprise-wide search capabilities; protection recovery and discovery of data in virtual server and cloud environments; and robust built-in analytics and troubleshooting tools. Company also provides its customers with a range of professional and customer support services.

Leave a Reply

CommVault Systems - Is it time to Sell?

Top Brokerage Firms are advising their investors on CommVault Systems. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.