2,984 Shares in Commvault Systems, Inc. (NASDAQ:CVLT) Purchased by Bryce Point Capital LLC

Bryce Point Capital LLC acquired a new position in shares of Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,984 shares of the software maker's stock, valued at approximately $450,000.

Other large investors have also added to or reduced their stakes in the company. Kesler Norman & Wride LLC boosted its stake in shares of Commvault Systems by 29.2% during the 4th quarter. Kesler Norman & Wride LLC now owns 5,143 shares of the software maker's stock worth $776,000 after acquiring an additional 1,163 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of Commvault Systems during the 4th quarter worth about $6,291,000. Geode Capital Management LLC grew its stake in shares of Commvault Systems by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 1,288,068 shares of the software maker's stock worth $194,681,000 after acquiring an additional 43,088 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Commvault Systems by 19.0% during the fourth quarter. Franklin Resources Inc. now owns 50,735 shares of the software maker's stock worth $7,656,000 after purchasing an additional 8,108 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. AG purchased a new stake in shares of Commvault Systems during the 4th quarter worth approximately $1,583,000. Hedge funds and other institutional investors own 93.50% of the company's stock.

Commvault Systems Stock Performance

Shares of CVLT traded down $8.95 during mid-day trading on Thursday, reaching $148.78. The company had a trading volume of 82,687 shares, compared to its average volume of 402,233. Commvault Systems, Inc. has a 1-year low of $93.48 and a 1-year high of $190.11. The company's 50 day simple moving average is $165.00 and its 200 day simple moving average is $161.65. The company has a market capitalization of $6.55 billion, a price-to-earnings ratio of 39.04 and a beta of 0.68.

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Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. StockNews.com raised Commvault Systems from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. Piper Sandler decreased their price objective on shares of Commvault Systems from $154.00 to $147.00 and set a "neutral" rating for the company in a research note on Tuesday. William Blair upgraded Commvault Systems from a "market perform" rating to an "outperform" rating in a research note on Thursday, January 30th. Cantor Fitzgerald lifted their target price on Commvault Systems from $159.00 to $173.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Finally, KeyCorp boosted their price objective on Commvault Systems from $192.00 to $195.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Commvault Systems has an average rating of "Moderate Buy" and an average target price of $159.11.

Insider Buying and Selling at Commvault Systems

In related news, insider Gary Merrill sold 3,287 shares of Commvault Systems stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $186.94, for a total value of $614,471.78. Following the sale, the insider now owns 87,316 shares of the company's stock, valued at approximately $16,322,853.04. The trade was a 3.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sanjay Mirchandani sold 12,318 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $185.96, for a total value of $2,290,655.28. Following the transaction, the chief executive officer now directly owns 427,231 shares in the company, valued at $79,447,876.76. This represents a 2.80 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.00% of the company's stock.

Commvault Systems Company Profile

Commvault Systems, Inc provides data protection platform that helps customers to secure, defend, and recover their data in the United States and internationally. The company offers Commvault Backup and Recovery, a backup and recovery solution; Commvault Disaster Recovery, a replication and disaster recovery solution; Commvault Complete Data Protection, a data protection solution; and Metallic Data Protection as-a-service, which delivers enterprise-grade data protection as a service on a cloud platform, with advanced built-in security controls.