Versor Investments LP cut its stake in Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 35.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,681 shares of the software maker's stock after selling 2,049 shares during the quarter. Versor Investments LP's holdings in Commvault Systems were worth $556,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new position in Commvault Systems in the 3rd quarter worth $33,000. TFC Financial Management Inc. raised its holdings in Commvault Systems by 294.1% in the 4th quarter. TFC Financial Management Inc. now owns 402 shares of the software maker's stock worth $61,000 after purchasing an additional 300 shares in the last quarter. Point72 DIFC Ltd bought a new position in Commvault Systems in the 3rd quarter worth $71,000. TD Private Client Wealth LLC bought a new position in Commvault Systems in the 3rd quarter worth $105,000. Finally, Blue Trust Inc. increased its stake in shares of Commvault Systems by 37,400.0% in the 4th quarter. Blue Trust Inc. now owns 750 shares of the software maker's stock worth $113,000 after acquiring an additional 748 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, 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 value of $614,471.78. Following the transaction, the insider now owns 87,316 shares of the company's stock, valued at approximately $16,322,853.04. This trade represents a 3.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Sanjay Mirchandani sold 12,318 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $185.96, for a total transaction of $2,290,655.28. Following the completion of the transaction, the chief executive officer now directly owns 427,231 shares in the company, valued at approximately $79,447,876.76. The trade was a 2.80 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several research analysts recently issued reports on CVLT shares. StockNews.com upgraded shares of Commvault Systems from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. William Blair upgraded shares of Commvault Systems from a "market perform" rating to an "outperform" rating in a research note on Thursday, January 30th. KeyCorp increased their price target on shares of Commvault Systems from $192.00 to $195.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. Cantor Fitzgerald increased their price objective on shares of Commvault Systems from $159.00 to $173.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Finally, Guggenheim reissued a "neutral" rating on shares of Commvault Systems in a research report on Wednesday, January 29th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $156.44.
Check Out Our Latest Report on CVLT
Commvault Systems Price Performance
Shares of CVLT traded up $2.98 on Wednesday, reaching $167.92. The company's stock had a trading volume of 363,106 shares, compared to its average volume of 367,795. The stock has a market capitalization of $7.39 billion, a P/E ratio of 44.07 and a beta of 0.65. The stock's 50 day simple moving average is $165.25 and its two-hundred day simple moving average is $160.35. Commvault Systems, Inc. has a 12-month low of $93.48 and a 12-month high of $190.11.
About Commvault Systems
(
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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