Park Presidio Capital buys $59,220,504 stake in CommVault Systems (CVLT)

CommVault Systems (CVLT) : Park Presidio Capital scooped up 108,458 additional shares in CommVault Systems during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,163,925 shares of CommVault Systems which is valued at $59,220,504.CommVault Systems makes up approximately 8.99% of Park Presidio Capital’s portfolio.

Other Hedge Funds, Including , Soros Fund Management sold out all of its stake in CVLT during the most recent quarter. The investment firm sold 29,922 shares of CVLT which is valued $1,522,431.Parametric Portfolio Associates boosted its stake in CVLT in the latest quarter, The investment management firm added 43,669 additional shares and now holds a total of 166,689 shares of CommVault Systems which is valued at $8,481,136. CommVault Systems makes up approx 0.01% of Parametric Portfolio Associates’s portfolio.Rhumbline Advisers reduced its stake in CVLT by selling 3,654 shares or 3.99% in the most recent quarter. The Hedge Fund company now holds 87,875 shares of CVLT which is valued at $4,471,080. CommVault Systems makes up approx 0.01% of Rhumbline Advisers’s portfolio.Dimensional Fund Advisors Lp reduced its stake in CVLT by selling 5,170 shares or 36.0% in the most recent quarter. The Hedge Fund company now holds 9,190 shares of CVLT which is valued at $464,738.Goodman Financial Corp boosted its stake in CVLT in the latest quarter, The investment management firm added 1,703 additional shares and now holds a total of 93,548 shares of CommVault Systems which is valued at $4,789,658. CommVault Systems makes up approx 2.75% of Goodman Financial Corp’s portfolio.

CommVault Systems opened for trading at $51.7 and hit $52.22 on the upside on Thursday, eventually ending the session at $52.12, with a gain of 1.13% or 0.58 points. The heightened volatility saw the trading volume jump to 3,11,038 shares. Company has a market cap of $2,315 M.

On the company’s financial health, CommVault Systems reported $0.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.17. The company had revenue of $152.41 million for the quarter, compared to analysts expectations of $149.15 million. The company’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS.

Many Wall Street Analysts have commented on CommVault Systems. Company shares were Reiterated by RBC Capital Mkts on Jul 27, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 54 from a previous price target of $47 .

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.

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