Harvest Fund Management Co. Ltd reduced its stake in shares of Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 49.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,225 shares of the software maker's stock after selling 5,175 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in Commvault Systems were worth $787,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. TFC Financial Management Inc. grew its holdings in shares of Commvault Systems by 294.1% in the 4th quarter. TFC Financial Management Inc. now owns 402 shares of the software maker's stock worth $61,000 after acquiring an additional 300 shares during the period. Point72 DIFC Ltd acquired a new stake in Commvault Systems in the third quarter valued at $71,000. TD Private Client Wealth LLC purchased a new position in shares of Commvault Systems in the third quarter valued at $105,000. Blue Trust Inc. raised its stake in shares of Commvault Systems by 37,400.0% during the 4th quarter. Blue Trust Inc. now owns 750 shares of the software maker's stock worth $113,000 after buying an additional 748 shares during the last quarter. Finally, Centaurus Financial Inc. purchased a new stake in shares of Commvault Systems in the 3rd quarter worth about $126,000. 93.50% of the stock is owned by hedge funds and other institutional investors.
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 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 in the company, valued at $16,322,853.04. This represents a 3.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Sanjay Mirchandani sold 12,318 shares of Commvault Systems stock in a transaction dated Wednesday, February 19th. The shares were 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 ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.
Commvault Systems Price Performance
NASDAQ:CVLT traded up $4.82 during mid-day trading on Tuesday, reaching $173.99. The company's stock had a trading volume of 365,256 shares, compared to its average volume of 373,094. The stock has a market cap of $7.66 billion, a P/E ratio of 45.67 and a beta of 0.62. The company's fifty day simple moving average is $166.03 and its two-hundred day simple moving average is $161.04. Commvault Systems, Inc. has a twelve month low of $93.48 and a twelve month high of $190.11.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on the stock. William Blair upgraded shares of Commvault Systems from a "market perform" rating to an "outperform" rating in a report on Thursday, January 30th. Cantor Fitzgerald lifted 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. Guggenheim reiterated a "neutral" rating on shares of Commvault Systems in a report on Wednesday, January 29th. StockNews.com raised Commvault Systems from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. Finally, KeyCorp increased their price objective on Commvault Systems from $192.00 to $195.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $156.44.
Read Our Latest Stock Analysis on Commvault Systems
Commvault Systems Company Profile
(
Free Report)
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.
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