As Commvault Systems INC (CVLT) Stock Value Rose, Shannon River Fund Management LLC Decreased by $5.31 Million Its Stake

April 25, 2018 - By Stephen Andrade

Commvault Systems, Inc. (NASDAQ:CVLT) LogoInvestors sentiment decreased to 0.96 in Q4 2017. Its down 0.43, from 1.39 in 2017Q3. It dived, 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. 41,323 are held by Stevens Management Ltd Partnership. Ashford Cap has 2% invested in Commvault Systems, Inc. (NASDAQ:CVLT). Profund Limited Company reported 6,446 shares stake. Ahl Ptnrs Limited Liability Partnership accumulated 20,224 shares. Financial Bank Of Mellon has 0.03% invested in Commvault Systems, Inc. (NASDAQ:CVLT) for 1.95 million shares. Boothbay Fund Management Ltd Liability has 0.37% invested in Commvault Systems, Inc. (NASDAQ:CVLT) for 48,401 shares. Bancshares Of America Corp De invested in 0% or 161,059 shares. Westfield Capital Mgmt Ltd Partnership, Massachusetts-based fund reported 480,269 shares. Arizona State Retirement reported 30,919 shares. Eulav Asset has 0.04% invested in Commvault Systems, Inc. (NASDAQ:CVLT) for 17,900 shares. State Street Corp accumulated 1.55 million shares or 0.01% of the stock. Qs Limited accumulated 35,072 shares. Quantbot LP accumulated 15,323 shares or 0.07% of the stock. Westpac reported 89,300 shares or 0.11% of all its holdings. The New York-based Prelude Capital Limited Liability Com has invested 0.01% in Commvault Systems, Inc. (NASDAQ:CVLT).

Since January 29, 2018, it had 0 insider purchases, and 12 insider sales for $24.96 million activity. SMITH GARY B had sold 7,500 shares worth $401,250 on Wednesday, January 31. Shares for $8.84M were sold by BUNTE AL. The insider HAMMER N ROBERT sold $9.51M. On Friday, February 16 the insider GEDAY ARMANDO sold $394,425. On Monday, January 29 the insider WALKER DAVID F sold $305,140. Another trade for 7,500 shares valued at $377,391 was sold by KURIMSKY ROBERT F.

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 $6.70 million, 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 $3.12B market cap company. The stock decreased 1.07% or $0.75 during the last trading session, reaching $69.45. About 420,675 shares traded. Commvault Systems, Inc. (NASDAQ:CVLT) has risen 15.52% since April 25, 2017 and is uptrending. It has outperformed by 3.97% the S&P500.

Analysts await Commvault Systems, Inc. (NASDAQ:CVLT) to report earnings on May, 1 before the open. They expect $0.07 EPS, down 12.50 % or $0.01 from last year’s $0.08 per share. CVLT’s profit will be $3.15 million for 248.04 P/E if the $0.07 EPS becomes a reality. After $0.04 actual EPS reported by Commvault Systems, Inc. for the previous quarter, Wall Street now forecasts 75.00 % EPS growth.

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

Among 5 analysts covering CommVault Systems (NASDAQ:CVLT), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. CommVault Systems has $7500 highest and $64.0 lowest target. $74’s average target is 6.55% above currents $69.45 stock price. CommVault Systems had 6 analyst reports since November 14, 2017 according to SRatingsIntel. The stock has “Overweight” rating by KeyBanc Capital Markets on Tuesday, April 17. Mizuho maintained the shares of CVLT in report on Sunday, April 8 with “Buy” rating. The stock has “Hold” rating by RBC Capital Markets on Monday, April 23. Wells Fargo maintained the stock with “Buy” rating in Tuesday, April 3 report. The stock has “Buy” rating by Wells Fargo on Tuesday, November 14.

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

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