Strs Ohio Lowers stake in CommVault Systems (CVLT)

CommVault Systems (CVLT) : Strs Ohio reduced its stake in CommVault Systems by 3.48% during the most recent quarter end. The investment management company now holds a total of 27,700 shares of CommVault Systems which is valued at $1,222,678 after selling 1,000 shares in CommVault Systems , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.CommVault Systems makes up approximately 0.07% of Strs Ohio’s portfolio.

CommVault Systems opened for trading at $44.7 and hit $45.82 on the upside on Wednesday, eventually ending the session at $44.67, with a gain of 0.54% or 0.24 points. The heightened volatility saw the trading volume jump to 5,66,364 shares. Company has a market cap of $2,018 M.

Other Hedge Funds, Including , Gemmer Asset Management added CVLT to its portfolio by purchasing 74 company shares during the most recent quarter which is valued at $3,163. Simplex Trading added CVLT to its portfolio by purchasing 1,498 company shares during the most recent quarter which is valued at $64,025. CommVault Systems makes up approx 0.01% of Simplex Trading’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in CVLT in the latest quarter, The investment management firm added 545 additional shares and now holds a total of 13,855 shares of CommVault Systems which is valued at $592,163. CommVault Systems makes up approx 0.01% of Oregon Public Employees Retirement Fund’s portfolio.Franklin Street Advisors Inc Nc boosted its stake in CVLT in the latest quarter, The investment management firm added 2,050 additional shares and now holds a total of 8,475 shares of CommVault Systems which is valued at $362,222. CommVault Systems makes up approx 0.07% of Franklin Street Advisors Inc Nc’s portfolio.

On the company’s financial health, CommVault Systems reported $0.28 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Jan 27, 2016. Analyst had a consensus of $0.20. The company had revenue of $155.70 million for the quarter, compared to analysts expectations of $148.24 million. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.

Many Wall Street Analysts have commented on CommVault Systems. 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 .Shares were Reiterated by Lake Street on Jan 28, 2016 to “Hold” and Lowered the Price Target to $ 36 from a previous price target of $39 .

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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