Arrowstreet Capital Limited Partnership grew its holdings in Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 0.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 632,870 shares of the software maker's stock after buying an additional 4,957 shares during the period. Arrowstreet Capital Limited Partnership owned 1.44% of Commvault Systems worth $95,506,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in CVLT. 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 valued at $1,244,000 after buying an additional 3,214 shares during the period. Centiva Capital LP increased its stake in shares of Commvault Systems by 193.2% during the third quarter. Centiva Capital LP now owns 8,567 shares of the software maker's stock worth $1,318,000 after acquiring an additional 5,645 shares during the period. Banco Santander S.A. acquired a new position in shares of Commvault Systems during the fourth quarter worth about $833,000. Oppenheimer & Co. Inc. purchased a new position in Commvault Systems during the fourth quarter worth about $367,000. Finally, Allspring Global Investments Holdings LLC lifted its position in Commvault Systems by 604.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 647,525 shares of the software maker's stock valued at $98,479,000 after purchasing an additional 555,656 shares during the period. Institutional investors and hedge funds own 93.50% of the company's stock.
Insider Activity
In other news, insider Gary Merrill sold 3,287 shares of Commvault Systems stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $186.94, for a total value of $614,471.78. Following the completion of the sale, the insider now owns 87,316 shares of the company's stock, valued at $16,322,853.04. The trade was a 3.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sanjay Mirchandani sold 12,318 shares of the stock in a transaction dated Wednesday, February 19th. The stock was 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 owns 427,231 shares in the company, valued at $79,447,876.76. This trade represents a 2.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.00% of the company's stock.
Analyst Ratings Changes
A number of brokerages have recently issued reports on CVLT. Cantor Fitzgerald increased their target price on Commvault Systems from $159.00 to $173.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. StockNews.com upgraded Commvault Systems from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. Guggenheim reaffirmed a "neutral" rating on shares of Commvault Systems in a research note on Wednesday, January 29th. William Blair upgraded shares of Commvault Systems from a "market perform" rating to an "outperform" rating in a report on Thursday, January 30th. Finally, KeyCorp upped their target price on shares of Commvault Systems from $192.00 to $195.00 and gave the stock 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 given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $156.44.
Check Out Our Latest Stock Report on CVLT
Commvault Systems Trading Down 8.9 %
Shares of NASDAQ:CVLT traded down $13.54 on Friday, hitting $139.35. The company had a trading volume of 807,317 shares, compared to its average volume of 399,543. The company has a market cap of $6.13 billion, a PE ratio of 36.57 and a beta of 0.62. Commvault Systems, Inc. has a 52-week low of $93.48 and a 52-week high of $190.11. The business has a 50 day moving average of $165.87 and a 200 day moving average of $161.88.
Commvault Systems Profile
(
Free Report)
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.
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