Is CommVault Systems, Inc. (CVLT) A Good Stock To Buy?

Is CommVault Systems, Inc. (NASDAQ:CVLT) a good stock to buy right now? We at Insider Monkey like to examine what billionaires and hedge funds think of a company before doing days of research on it. Given their 2 and 20 payment structure, hedge funds have more resources than the average investor. The funds have access to expert networks and get tips from industry insiders. They also have numerous Ivy League graduates and MBAs. Like everyone else, hedge funds perform miserably at times, but their consensus picks have historically outperformed the market after risk adjustments.

CommVault Systems, Inc. (NASDAQ:CVLT) shares haven’t seen a lot of action during the third quarter. Overall, hedge fund sentiment was unchanged. The stock was in 22 hedge funds’ portfolios at the end of September. At the end of this article we will also compare CVLT to other stocks including Chambers Street Properties (NYSE:CSG), Sanderson Farms, Inc. (NASDAQ:SAFM), and Acxiom Corporation (NASDAQ:ACXM) to get a better sense of its popularity.

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Keeping this in mind, let’s take a look at the key action encompassing CommVault Systems, Inc. (NASDAQ:CVLT).

What does the smart money think about CommVault Systems, Inc. (NASDAQ:CVLT)?

Of the funds tracked by Insider Monkey, Ken Griffin’s Citadel Investment Group has the number one position in CommVault Systems, Inc. (NASDAQ:CVLT), worth close to $51 million, corresponding to less than 0.1% of its total 13F portfolio. Coming in second is Jim Simons of Renaissance Technologies, with a $40.2 million position; the fund has 0.1% of its 13F portfolio invested in the stock. Some other peers with similar optimism encompass Anand Parekh’s Alyeska Investment Group, John Brennan’s Sirios Capital Management and Clint Carlson’s Carlson Capital.