As Commvault Systems INC (CVLT) Market Valuation Rose, Shannon River Fund Management LLC Has Lowered by $5.31 Million Its Holding

May 16, 2018 - By Vivian Currie

Commvault Systems, Inc. (NASDAQ:CVLT) LogoInvestors sentiment decreased to 0.96 in 2017 Q4. Its down 0.43, from 1.39 in 2017Q3. It turned negative, as 34 investors sold CVLT shares while 67 reduced holdings. 26 funds opened positions while 71 raised stakes. 39.23 million shares or 2.89% less from 40.39 million shares in 2017Q3 were reported. 18,000 are owned by Employees Retirement Sys Of Texas. Credit Suisse Ag has invested 0.01% in Commvault Systems, Inc. (NASDAQ:CVLT). First Midwest State Bank Division stated it has 0.05% of its portfolio in Commvault Systems, Inc. (NASDAQ:CVLT). Ls Inv Ltd Liability Com owns 2,797 shares. Arizona State Retirement owns 30,919 shares. Blackrock owns 4.42M shares or 0.01% of their US portfolio. Shannon River Fund Management Ltd holds 1.61% of its portfolio in Commvault Systems, Inc. (NASDAQ:CVLT) for 127,679 shares. Moreover, Nuveen Asset Ltd Liability has 0.02% invested in Commvault Systems, Inc. (NASDAQ:CVLT). Legal And General Group Plc reported 37,431 shares stake. Los Angeles And Equity Research stated it has 0.01% of its portfolio in Commvault Systems, Inc. (NASDAQ:CVLT). Mackenzie Financial Corporation reported 1.46 million shares or 0.18% of all its holdings. Alpine Woods Cap Invsts Llc reported 5,100 shares. 292,941 are held by Fort Washington Inv Advisors Oh. Proshare Advisors Limited Liability holds 11,434 shares. 40,000 were reported by Park Presidio Cap Ltd Llc.

Since January 29, 2018, it had 0 insider purchases, and 13 selling transactions for $25.65 million activity. WALKER DAVID F sold $305,140 worth of stock or 5,500 shares. Merrill Gary sold $181,424 worth of stock. $394,425 worth of Commvault Systems, Inc. (NASDAQ:CVLT) was sold by GEDAY ARMANDO. 70,000 shares were sold by BUNTE AL, worth $3.55M on Friday, March 2. On Thursday, March 1 the insider KURIMSKY ROBERT F sold $377,391. Another trade for 10,200 shares valued at $689,520 was sold by HAMMER N ROBERT.

Spencer M. Waxman decreased its stake in Commvault Systems Inc (CVLT) by 44.45% based on its latest 2017Q4 regulatory filing with the SEC. Shannon River Fund Management Llc sold 102,160 shares as the company’s stock rose 8.89% while stock markets declined. The hedge fund run by Spencer M. Waxman held 127,679 shares of the technology company at the end of 2017Q4, valued at $6.70M, down from 229,839 at the end of the previous reported quarter. Shannon River Fund Management Llc who had been investing in Commvault Systems Inc for a number of months, seems to be less bullish one the $3.09 billion market cap company. The stock decreased 0.33% or $0.22 during the last trading session, reaching $68.03. About 257,101 shares traded. Commvault Systems, Inc. (NASDAQ:CVLT) has risen 15.52% since May 16, 2017 and is uptrending. It has outperformed by 3.97% the S&P500.

Analysts await Commvault Systems, Inc. (NASDAQ:CVLT) to report earnings on July, 24. They expect $-0.02 EPS, up 66.67 % or $0.04 from last year’s $-0.06 per share. After $0.03 actual EPS reported by Commvault Systems, Inc. for the previous quarter, Wall Street now forecasts -166.67 % negative EPS growth.

More news for Commvault Systems, Inc. (NASDAQ:CVLT) were recently published by: Benzinga.com, which released: “Earnings Outlook For CommVault Systems” on April 30, 2018. Streetinsider.com‘s article titled: “Elliott’s 13F Shows New Stake in Commault (CVLT), Dish (DISH), Micro Focus (MFGP) (more…)” and published on May 15, 2018 is yet another important article.

Commvault Systems, Inc. (NASDAQ:CVLT) Ratings Coverage

Among 6 analysts covering CommVault Systems (NASDAQ:CVLT), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. CommVault Systems had 6 analyst reports since April 3, 2018 according to SRatingsIntel. KeyBanc Capital Markets maintained Commvault Systems, Inc. (NASDAQ:CVLT) on Tuesday, April 17 with “Overweight” rating. The stock of Commvault Systems, Inc. (NASDAQ:CVLT) has “Buy” rating given on Sunday, April 8 by Mizuho. Wells Fargo maintained the stock with “Buy” rating in Tuesday, April 3 report. As per Monday, April 23, the company rating was maintained by RBC Capital Markets.

Commvault Systems, Inc. (NASDAQ:CVLT) Institutional Positions Chart

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