Mesirow Financial Investment Management – Equity Management adds CommVault Systems (CVLT) to its portfolio

CommVault Systems (CVLT) : Mesirow Financial Investment Management – Equity Management added new position in CommVault Systems during the most recent quarter end. The investment management firm now holds 536,158 shares of CommVault Systems which is valued at $27,392,312 , the company said in a statement filed on Aug 8, 2016 with the SEC.CommVault Systems makes up approximately 1.56% of Mesirow Financial Investment Management – Equity Management’s portfolio.

Other Hedge Funds, Including , Suffolk Capital Management boosted its stake in CVLT in the latest quarter, The investment management firm added 5,036 additional shares and now holds a total of 64,108 shares of CommVault Systems which is valued at $3,275,278. CommVault Systems makes up approx 0.39% of Suffolk Capital Management’s portfolio.Tygh Capital Management boosted its stake in CVLT in the latest quarter, The investment management firm added 7,620 additional shares and now holds a total of 113,443 shares of CommVault Systems which is valued at $5,808,282. CommVault Systems makes up approx 1.54% of Tygh Capital Management’s portfolio.

CommVault Systems opened for trading at $50.61 and hit $51.93 on the upside on Monday, eventually ending the session at $51.45, with a gain of 1.12% or 0.57 points. The heightened volatility saw the trading volume jump to 4,13,771 shares. Company has a market cap of $2,286 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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