CommVault Systems Inc. (CVLT), Rowan Companies PLC (RDC): Billionaire Ken Griffin Boots Passive Stakes

Let’s discuss CommVault Systems Inc. (NASDAQ:CVLT) and Rowan Companies PLC (NYSE:RDC).

CommVault Systems Inc. (NASDAQ:CVLT) is engaged in providing data and information management software applications and related services. The company has a market cap of $2.0 billion. Share price of the company dropped by 34.89% since February 2014. On Thursday, the stock closed at $44.97. Analysts set the consensus average target price of the stock at $52.50, while the consensus average recommendation ‘Overweight’. For the fiscal 2015 third quarter December 31, the company posted total revenues of $153.0 million, which remains flat compared to the same quarter of the prior fiscal year. It reported net income of $3.1 million, down from $17.6 million in the last year. Under its share repurchase program, the company repurchased 1.03 million common stock shares, worth $50.0 million in the third quarter.

Among the largest shareholders of the company is Bain Capital’s Brookside Capital, which held 1.60 million shares as of the end of September 30, 2014. Another investor, First Eagle Investment Management disclosed, in its latest 13F filing, that it owns 1.47 million shares of CommVault Systems Inc. (NASDAQ:CVLT).

Rowan Companies PLC (NYSE:RDC) is engaged in providing international and domestic contract drilling services in the ultra-deepwater and shallow water jack-up market with a fleet of 34 offshore drilling units. The company has a market cap of $2.9 billion, and pays an annual dividend of $0.4, on a yield of 1.81. On Friday, the company’s stock is trading up by 1.99% at $22.55. During last one year, the stock fell by 29.69%.

Other largest shareholders of Rowan Companies PLC (NYSE:RDC) include Blue Harbour Group, led by Clifton S. Robbins, which disclosed holding 9.78 million shares of the company as of the end of September 30, 2014. Another investor is Israel Englander’s Millennium Management, which reported ownership of 6.07 shares of the company as of the end of September 30.

Disclosure: none