Commvault Systems, Inc. (NASDAQ:CVLT) Shares Sold by Inceptionr LLC

Inceptionr LLC trimmed its position in Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 36.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,017 shares of the software maker's stock after selling 3,387 shares during the quarter. Inceptionr LLC's holdings in Commvault Systems were worth $908,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its stake in Commvault Systems by 53.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,226 shares of the software maker's stock worth $496,000 after acquiring an additional 1,126 shares during the period. State of Alaska Department of Revenue increased its position in Commvault Systems by 7.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 5,071 shares of the software maker's stock valued at $780,000 after purchasing an additional 340 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of Commvault Systems by 117.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,025 shares of the software maker's stock valued at $158,000 after purchasing an additional 553 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Commvault Systems by 40.0% in the 3rd quarter. Van ECK Associates Corp now owns 29,812 shares of the software maker's stock worth $4,587,000 after purchasing an additional 8,519 shares during the period. Finally, Olympiad Research LP boosted its stake in shares of Commvault Systems by 36.9% during the third quarter. Olympiad Research LP now owns 3,019 shares of the software maker's stock valued at $464,000 after purchasing an additional 813 shares in the last quarter. Institutional investors own 93.50% of the company's stock.

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Commvault Systems Stock Down 3.7 %

Shares of CVLT traded down $5.78 during mid-day trading on Monday, hitting $148.48. 748,207 shares of the company traded hands, compared to its average volume of 370,542. The company has a market capitalization of $6.53 billion, a PE ratio of 38.97 and a beta of 0.62. The business has a 50 day moving average of $165.27 and a 200 day moving average of $160.50. Commvault Systems, Inc. has a 1-year low of $93.48 and a 1-year high of $190.11.

Insiders Place Their Bets

In other news, CEO Sanjay Mirchandani sold 12,318 shares of the business's stock in a transaction 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. The trade was a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gary Merrill sold 3,287 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were 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 directly owns 87,316 shares in the company, valued at approximately $16,322,853.04. The trade was a 3.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CVLT shares. Oppenheimer initiated coverage on shares of Commvault Systems in a research note on Wednesday, November 13th. They issued an "outperform" rating and a $200.00 price objective for the company. Cantor Fitzgerald upped their price objective on Commvault Systems from $159.00 to $173.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. William Blair upgraded Commvault Systems from a "market perform" rating to an "outperform" rating in a research note on Thursday, January 30th. KeyCorp boosted their target price on shares of Commvault Systems from $192.00 to $195.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Finally, Guggenheim restated a "neutral" rating on shares of Commvault Systems in a report on Wednesday, January 29th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $156.44.

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.