Commvault Systems, Inc. (NASDAQ:CVLT) Shares Acquired by Virtu Financial LLC

Virtu Financial LLC boosted its stake in shares of Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 63.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,243 shares of the software maker's stock after purchasing an additional 3,214 shares during the period. Virtu Financial LLC's holdings in Commvault Systems were worth $1,244,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. TFC Financial Management Inc. lifted its holdings in shares of Commvault Systems by 294.1% during the fourth quarter. TFC Financial Management Inc. now owns 402 shares of the software maker's stock worth $61,000 after purchasing an additional 300 shares during the period. Point72 DIFC Ltd purchased a new position in shares of Commvault Systems during the third quarter worth $71,000. TD Private Client Wealth LLC acquired a new position in Commvault Systems during the third quarter valued at $105,000. Blue Trust Inc. boosted its holdings in Commvault Systems by 37,400.0% in the fourth quarter. Blue Trust Inc. now owns 750 shares of the software maker's stock valued at $113,000 after purchasing an additional 748 shares during the last quarter. Finally, Centaurus Financial Inc. purchased a new position in shares of Commvault Systems during the 3rd quarter valued at about $126,000. Institutional investors and hedge funds own 93.50% of the company's stock.

Wall Street Analysts Forecast Growth

CVLT has been the topic of a number of analyst reports. KeyCorp raised their price objective 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 target price on shares of Commvault Systems from $159.00 to $173.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Guggenheim restated a "neutral" rating on shares of Commvault Systems in a research note on Wednesday, January 29th. William Blair raised Commvault Systems from a "market perform" rating to an "outperform" rating in a report on Thursday, January 30th. Finally, StockNews.com raised Commvault Systems from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $156.44.

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Insider Buying and Selling at Commvault Systems

In other Commvault Systems news, 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 sale, the chief executive officer now owns 427,231 shares of the company's stock, valued at $79,447,876.76. This trade represents a 2.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Gary Merrill sold 3,287 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $186.94, for a total value of $614,471.78. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

Commvault Systems Stock Up 2.3 %

NASDAQ:CVLT traded up $3.97 during trading hours on Tuesday, reaching $173.14. 167,739 shares of the stock were exchanged, compared to its average volume of 373,094. Commvault Systems, Inc. has a twelve month low of $93.48 and a twelve month high of $190.11. The business has a 50-day moving average of $166.03 and a two-hundred day moving average of $161.04. The company has a market capitalization of $7.62 billion, a price-to-earnings ratio of 45.41 and a beta of 0.62.

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.