1,781 Shares in Commvault Systems, Inc. (NASDAQ:CVLT) Purchased by Farringdon Capital Ltd.

Farringdon Capital Ltd. bought a new stake in shares of Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,781 shares of the software maker's stock, valued at approximately $269,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CVLT. Stifel Financial Corp increased its position in Commvault Systems by 27.2% in the third quarter. Stifel Financial Corp now owns 6,753 shares of the software maker's stock worth $1,039,000 after buying an additional 1,445 shares during the last quarter. Virtu Financial LLC purchased a new stake in Commvault Systems in the third quarter worth $774,000. Sanctuary Advisors LLC purchased a new stake in Commvault Systems in the third quarter worth $392,000. Tidal Investments LLC purchased a new stake in Commvault Systems in the third quarter worth $279,000. Finally, GAMMA Investing LLC increased its position in Commvault Systems by 13.7% in the fourth quarter. GAMMA Investing LLC now owns 1,006 shares of the software maker's stock worth $152,000 after buying an additional 121 shares during the last quarter. 93.50% of the stock is owned by institutional investors.

Commvault Systems Price Performance

Shares of CVLT traded up $8.18 during mid-day trading on Thursday, reaching $161.92. 94,592 shares of the company's stock traded hands, compared to its average volume of 408,282. The stock's 50-day moving average is $160.16 and its two-hundred day moving average is $161.52. Commvault Systems, Inc. has a 12 month low of $95.57 and a 12 month high of $190.11. The stock has a market cap of $7.12 billion, a P/E ratio of 42.50 and a beta of 0.68.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CVLT. Guggenheim reiterated a "neutral" rating on shares of Commvault Systems in a research report on Wednesday. KeyCorp lowered their target price on shares of Commvault Systems from $195.00 to $185.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. William Blair raised shares of Commvault Systems from a "market perform" rating to an "outperform" rating in a report on Thursday, January 30th. Cantor Fitzgerald increased their price objective 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, StockNews.com raised Commvault Systems from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Commvault Systems currently has an average rating of "Moderate Buy" and a consensus target price of $158.00.

Insider Buying and Selling at Commvault Systems

In other Commvault Systems news, insider Gary Merrill sold 3,287 shares of the company's stock in a transaction dated 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 directly owns 87,316 shares in the company, valued at $16,322,853.04. This represents a 3.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sanjay Mirchandani sold 12,318 shares of Commvault Systems 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 sale, the chief executive officer now directly owns 427,231 shares of the company's stock, 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 corporate insiders.

Commvault Systems 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.