Counterpoint Mutual Funds LLC Has $373,000 Position in Commvault Systems, Inc. (NASDAQ:CVLT)

Counterpoint Mutual Funds LLC trimmed its position in Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 69.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,472 shares of the software maker's stock after selling 5,690 shares during the quarter. Counterpoint Mutual Funds LLC's holdings in Commvault Systems were worth $373,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in CVLT. Cibc World Markets Corp bought a new position in Commvault Systems in the fourth quarter worth about $616,000. Gallacher Capital Management LLC raised its position in shares of Commvault Systems by 11.4% during the 4th quarter. Gallacher Capital Management LLC now owns 1,541 shares of the software maker's stock worth $233,000 after purchasing an additional 158 shares during the period. Corient Private Wealth LLC raised its position in shares of Commvault Systems by 8.3% during the 4th quarter. Corient Private Wealth LLC now owns 2,909 shares of the software maker's stock worth $439,000 after purchasing an additional 224 shares during the period. Globeflex Capital L P boosted its position in Commvault Systems by 7.4% during the 4th quarter. Globeflex Capital L P now owns 12,972 shares of the software maker's stock valued at $1,958,000 after purchasing an additional 891 shares during the period. Finally, Natixis Advisors LLC grew its stake in Commvault Systems by 2.2% during the 4th quarter. Natixis Advisors LLC now owns 10,826 shares of the software maker's stock worth $1,634,000 after buying an additional 238 shares during the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CVLT shares. William Blair raised shares of Commvault Systems from a "market perform" rating to an "outperform" rating in a report on Thursday, January 30th. StockNews.com upgraded shares of Commvault Systems from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. Cantor Fitzgerald raised their price target on shares of Commvault Systems from $159.00 to $173.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. KeyCorp boosted their price objective on Commvault Systems from $192.00 to $195.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. Finally, Guggenheim restated a "neutral" rating on shares of Commvault Systems in a research report on Wednesday, January 29th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $156.44.

Commvault Systems Trading Down 0.4 %

NASDAQ:CVLT traded down $0.69 during mid-day trading on Friday, reaching $161.52. 661,470 shares of the stock were exchanged, compared to its average volume of 372,314. Commvault Systems, Inc. has a 1-year low of $93.48 and a 1-year high of $190.11. The firm has a market capitalization of $7.11 billion, a PE ratio of 42.39 and a beta of 0.62. The business has a fifty day moving average price of $165.62 and a 200 day moving average price of $160.69.

Insiders Place Their Bets

In other news, insider Gary Merrill sold 3,287 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was 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 $16,322,853.04. This represents a 3.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Sanjay Mirchandani sold 12,318 shares of Commvault Systems 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 completion of 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. 1.00% of the stock is currently owned by company insiders.

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.