Short Interest of The Day: What’s Propelling Commvault Systems Incorporated (NASDAQ:CVLT) After Lower Shorts Reported?

November 30, 2016 - By Darrin Black   ·   0 Comments

Short Interest of The Day: What’s Propelling Commvault Systems Incorporated (NASDAQ:CVLT) After Lower Shorts Reported?

The stock of Commvault Systems Incorporated (NASDAQ:CVLT) registered a decrease of 2.71% in short interest. CVLT’s total short interest was 782,800 shares in November as published by FINRA. Its down 2.71% from 804,600 shares, reported previously. With 598,700 shares average volume, it will take short sellers 1 days to cover their CVLT’s short positions. The short interest to Commvault Systems Incorporated’s float is 1.91%. About 156,492 shares traded hands. CommVault Systems, Inc. (NASDAQ:CVLT) has risen 22.23% since April 27, 2016 and is uptrending. It has outperformed by 17.00% the S&P500.

CommVault Systems, Inc. is a well-known provider of data and information management software applications and related services. The company has a market cap of $2.46 billion.

Insitutional Activity: The institutional sentiment increased to 1.43 in Q2 2016. Its up 0.32, from 1.11 in 2016Q1. The ratio increased, as 19 funds sold all CommVault Systems, Inc. shares owned while 64 reduced positions. 31 funds bought stakes while 61 increased positions. They now own 39.98 million shares or 5.08% less from 42.12 million shares in 2016Q1.
Comerica Bankshares accumulated 0.01% or 28,254 shares. State Of Tennessee Treasury Department holds 0.01% or 41,900 shares in its portfolio. Jpmorgan Chase And Co holds 0% or 28,604 shares in its portfolio. Fil Ltd, a Bermuda-based fund reported 145,286 shares. Retirement Of Alabama has invested 0.12% of its portfolio in CommVault Systems, Inc. (NASDAQ:CVLT). Pier Capital Limited Liability accumulated 1.03% or 130,576 shares. Brant Point Invest Ltd Liability Company last reported 0.17% of its portfolio in the stock. Voya Inv Mgmt holds 0.11% of its portfolio in CommVault Systems, Inc. (NASDAQ:CVLT) for 1.08M shares. Tiaa Cref Invest Ltd Liability Corporation, a New York-based fund reported 191,589 shares. State Treasurer State Of Michigan last reported 16,500 shares in the company. Princeton Alpha Ltd Partnership holds 7,743 shares or 0.06% of its portfolio. Northern Corp holds 0.01% of its portfolio in CommVault Systems, Inc. (NASDAQ:CVLT) for 676,841 shares. Liberty Mutual Group Asset Mngmt accumulated 18,234 shares or 0.03% of the stock. Franklin Street Advsrs Inc Nc accumulated 6,500 shares or 0.05% of the stock. Blackrock Fund Advisors reported 2.09 million shares or 0.02% of all its holdings.

Insider Transactions: Since August 8, 2016, the stock had 0 buys, and 5 insider sales for $3.01 million net activity. Another trade for 255 shares valued at $13,043 was made by Merrill Gary on Friday, August 12. On Monday, November 7 Miiller Ronald L sold $1.12M worth of the stock or 21,152 shares. Shares for $79,272 were sold by WALKER DAVID F on Friday, August 12.

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

Out of 11 analysts covering Commvault Systems Inc. (NASDAQ:CVLT), 7 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 64% are positive. Commvault Systems Inc. has been the topic of 21 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm has “Overweight” rating by KeyBanc Capital Markets given on Thursday, October 6. The firm earned “Buy” rating on Tuesday, October 25 by Mizuho. As per Wednesday, July 29, the company rating was maintained by RBC Capital Markets. Jefferies upgraded CommVault Systems, Inc. (NASDAQ:CVLT) rating on Wednesday, July 29. Jefferies has “Buy” rating and $45 price target. The stock has “Buy” rating given by Mizuho on Wednesday, July 29. As per Wednesday, January 13, the company rating was initiated by Mitsubishi UFJ. On Friday, September 9 the stock rating was maintained by Mizuho with “Buy”. The stock has “Hold” rating given by Lake Street on Thursday, January 28. The company was upgraded on Monday, October 26 by Piper Jaffray. Lake Street maintained CommVault Systems, Inc. (NASDAQ:CVLT) rating on Wednesday, October 26. Lake Street has “Hold” rating and $53 price target.

CVLT Company Profile

CommVault Systems, Inc. (CommVault), incorporated on April 19, 1996, is a well-known provider of data and information management software applications and related services. The Firm develops, markets and sells a suite of software applications and services, primarily in North America, Europe, Australia and Asia, that provides its clients with data protection solutions supporting all operating systems, applications, and databases on virtual and physical servers, Network Attached Storage (NAS) shares, cloud infrastructures, and mobile devices; management through a single console; multiple protection methods, including backup and archive, snapshot management, replication, and content indexing for eDiscovery; storage management using deduplication for disk, tape and cloud; integration with the storage arrays; complete virtual infrastructure management supporting multiple hypervisors; security capabilities to limit access to critical data; policy data management, and an end user experience that allows them to protect, find and recover their own data using common tools, such as Web browsers, Microsoft Outlook and File Explorer. The Firm also provides its clients with a range of professional and customer support services.

More recent CommVault Systems, Inc. (NASDAQ:CVLT) news were published by: Prnewswire.com which released: “Ryan & Maniskas, LLP Announces Investigation of Commvault Systems, Inc.” on November 10, 2016. Also Prnewswire.com published the news titled: “Commvault Introduces New Innovations for the Commvault Data Platform in …” on October 04, 2016. Prnewswire.com‘s news article titled: “Strong Public Sector Customer Momentum Delivers Continued Growth for Commvault …” with publication date: July 26, 2016 was also an interesting one.

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By Darrin Black


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