Commvault Systems, Inc. (NASDAQ:CVLT) Shares Acquired by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd raised its stake in Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 122.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,400 shares of the software maker's stock after acquiring an additional 5,730 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in Commvault Systems were worth $1,599,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CVLT. Renaissance Technologies LLC grew its stake in Commvault Systems by 7.5% in the 2nd quarter. Renaissance Technologies LLC now owns 1,813,487 shares of the software maker's stock worth $220,466,000 after acquiring an additional 126,800 shares during the period. Acadian Asset Management LLC grew its position in shares of Commvault Systems by 0.3% in the second quarter. Acadian Asset Management LLC now owns 1,601,057 shares of the software maker's stock valued at $194,606,000 after purchasing an additional 4,422 shares during the period. AQR Capital Management LLC grew its position in shares of Commvault Systems by 33.5% in the second quarter. AQR Capital Management LLC now owns 648,858 shares of the software maker's stock valued at $78,882,000 after purchasing an additional 162,722 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Commvault Systems by 25.9% in 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 purchasing an additional 120,779 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Commvault Systems by 0.5% during the second quarter. Dimensional Fund Advisors LP now owns 523,474 shares of the software maker's stock worth $63,637,000 after buying an additional 2,633 shares during the period. Institutional investors and hedge funds own 93.50% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on CVLT shares. Royal Bank of Canada lifted their price target on Commvault Systems from $164.00 to $182.00 and gave the company a "sector perform" rating in a report on Wednesday, October 30th. StockNews.com downgraded shares of Commvault Systems from a "strong-buy" rating to a "buy" rating in a report on Friday, November 1st. Oppenheimer initiated coverage on shares of Commvault Systems in a research note on Wednesday, November 13th. They set an "outperform" rating and a $200.00 price target on the stock. KeyCorp lifted their price target on shares of Commvault Systems from $140.00 to $170.00 and gave the company an "overweight" rating in a report on Wednesday, July 31st. Finally, Guggenheim downgraded Commvault Systems from a "buy" rating to a "neutral" rating in a report on Tuesday, October 15th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $151.25.

Insider Activity

In other Commvault Systems news, insider Gary Merrill sold 1,523 shares of the firm's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $164.89, for a total transaction of $251,127.47. Following the completion of the transaction, the insider now directly owns 93,007 shares of the company's stock, valued at $15,335,924.23. This trade represents a 1.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sanjay Mirchandani sold 10,775 shares of the business's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $165.30, for a total value of $1,781,107.50. Following the completion of the sale, the chief executive officer now directly owns 459,969 shares of the company's stock, valued at approximately $76,032,875.70. This represents a 2.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,530 shares of company stock worth $2,221,827 over the last 90 days. Company insiders own 1.00% of the company's stock.

Commvault Systems Stock Up 1.1 %

Shares of Commvault Systems stock traded up $2.00 during trading hours on Tuesday, hitting $177.60. The company's stock had a trading volume of 279,698 shares, compared to its average volume of 358,998. The business has a fifty day moving average of $156.68 and a 200 day moving average of $138.74. Commvault Systems, Inc. has a 1-year low of $70.72 and a 1-year high of $178.72. The company has a market capitalization of $7.77 billion, a PE ratio of 44.46 and a beta of 0.59.

Commvault Systems (NASDAQ:CVLT - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The software maker reported $0.83 EPS for the quarter, beating the consensus estimate of $0.76 by $0.07. The company had revenue of $233.28 million for the quarter, compared to analyst estimates of $220.76 million. Commvault Systems had a return on equity of 31.62% and a net margin of 19.75%. The firm's revenue was up 16.1% compared to the same quarter last year. During the same period last year, the company posted $0.30 earnings per share. On average, sell-side analysts anticipate that Commvault Systems, Inc. will post 1.66 earnings per share for the current fiscal year.

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.