Fox Run Management L.L.C. Acquires New Stake in Commvault Systems, Inc. (NASDAQ:CVLT)

Fox Run Management L.L.C. acquired a new stake in shares of Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,618 shares of the software maker's stock, valued at approximately $546,000.

Other large investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its position in shares of Commvault Systems by 604.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 647,525 shares of the software maker's stock worth $98,479,000 after purchasing an additional 555,656 shares during the last quarter. Summit Partners Public Asset Management LLC purchased a new stake in shares of Commvault Systems during the third quarter valued at approximately $67,722,000. Charles Schwab Investment Management Inc. increased its position in shares of Commvault Systems by 25.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 586,795 shares of the software maker's stock valued at $90,278,000 after acquiring an additional 120,779 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new position in Commvault Systems in the 3rd quarter worth approximately $15,264,000. Finally, FMR LLC boosted its stake in Commvault Systems by 26.1% during the 3rd quarter. FMR LLC now owns 466,315 shares of the software maker's stock valued at $71,743,000 after purchasing an additional 96,525 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company's stock.

Analyst Upgrades and Downgrades

CVLT has been the subject of a number of research analyst reports. Guggenheim reiterated a "neutral" rating on shares of Commvault Systems in a research note on Wednesday, January 29th. KeyCorp boosted their price target on Commvault Systems from $192.00 to $195.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. William Blair raised Commvault Systems from a "market perform" rating to an "outperform" rating in a research note on Thursday, January 30th. Cantor Fitzgerald raised 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, 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 issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $156.44.

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Commvault Systems Stock Up 2.8 %

Commvault Systems stock traded up $4.82 during midday trading on Tuesday, reaching $173.99. 365,256 shares of the stock traded hands, compared to its average volume of 373,935. The stock has a market cap of $7.66 billion, a P/E ratio of 45.67 and a beta of 0.62. The stock's fifty day moving average is $166.03 and its 200-day moving average is $161.04. Commvault Systems, Inc. has a 12 month low of $93.48 and a 12 month high of $190.11.

Insider Transactions at Commvault Systems

In other Commvault Systems news, CEO Sanjay Mirchandani sold 12,318 shares of the company'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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Gary Merrill sold 3,287 shares of Commvault Systems stock in a transaction that occurred 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 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 position. The disclosure for this sale can be found here. Insiders own 1.00% of the company's stock.

About Commvault Systems

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.