Capital Fund Management S.A. Makes New Investment in Commvault Systems, Inc. (NASDAQ:CVLT)

Capital Fund Management S.A. acquired a new stake in shares of Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 11,324 shares of the software maker's stock, valued at approximately $1,709,000.

Other hedge funds have also modified their holdings of the company. Virtu Financial LLC increased its stake in Commvault Systems by 63.9% in the 4th quarter. Virtu Financial LLC now owns 8,243 shares of the software maker's stock worth $1,244,000 after purchasing an additional 3,214 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Commvault Systems by 0.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 632,870 shares of the software maker's stock worth $95,506,000 after purchasing an additional 4,957 shares during the period. Banco Santander S.A. acquired a new stake in Commvault Systems during the 4th quarter valued at $833,000. New Age Alpha Advisors LLC purchased a new position in shares of Commvault Systems during the fourth quarter valued at $1,387,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in Commvault Systems in the 4th quarter worth about $367,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on CVLT shares. Piper Sandler lowered their target price on Commvault Systems from $154.00 to $147.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. William Blair upgraded Commvault Systems from a "market perform" rating to an "outperform" rating in a research note on Thursday, January 30th. StockNews.com raised Commvault Systems from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. Cantor Fitzgerald raised 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, Guggenheim restated a "neutral" rating on shares of Commvault Systems in a research note on Wednesday, January 29th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $158.00.

Insider Activity at Commvault Systems

In other news, CEO Sanjay Mirchandani sold 12,318 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $185.96, for a total transaction of $2,290,655.28. Following the transaction, the chief executive officer now directly owns 427,231 shares in the company, valued at approximately $79,447,876.76. This represents a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gary Merrill sold 3,287 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $186.94, for a total transaction of $614,471.78. Following the completion of the sale, the insider now directly owns 87,316 shares of the company's stock, valued at approximately $16,322,853.04. This represents a 3.63 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Commvault Systems Stock Down 0.9 %

CVLT traded down $1.32 during trading on Friday, hitting $149.74. The company's stock had a trading volume of 367,592 shares, compared to its average volume of 405,738. The firm's 50 day moving average price is $162.17 and its two-hundred day moving average price is $161.57. The stock has a market capitalization of $6.59 billion, a price-to-earnings ratio of 39.30 and a beta of 0.68. Commvault Systems, Inc. has a 12 month low of $93.48 and a 12 month high of $190.11.

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.