Commvault Systems, Inc. (NASDAQ:CVLT) Shares Acquired by Nebula Research & Development LLC

Nebula Research & Development LLC raised its holdings in shares of Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 226.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,230 shares of the software maker's stock after buying an additional 9,875 shares during the period. Nebula Research & Development LLC's holdings in Commvault Systems were worth $2,147,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Hancock Whitney Corp raised its holdings in Commvault Systems by 1.0% in the 4th quarter. Hancock Whitney Corp now owns 5,781 shares of the software maker's stock worth $872,000 after purchasing an additional 60 shares during the period. Fuller & Thaler Asset Management Inc. raised its holdings in Commvault Systems by 14.6% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 517,273 shares of the software maker's stock worth $78,062,000 after purchasing an additional 65,822 shares during the period. Pinebridge Investments L.P. raised its holdings in Commvault Systems by 47.1% in the 4th quarter. Pinebridge Investments L.P. now owns 13,682 shares of the software maker's stock worth $2,065,000 after purchasing an additional 4,380 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Commvault Systems by 21.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 492,045 shares of the software maker's stock worth $74,255,000 after purchasing an additional 86,736 shares during the period. Finally, Harvest Investment Services LLC bought a new position in Commvault Systems in the 4th quarter worth $773,000. Hedge funds and other institutional investors own 93.50% of the company's stock.

Insider Buying and Selling

In related news, CEO Sanjay Mirchandani sold 12,318 shares of Commvault Systems stock in a transaction dated Wednesday, February 19th. The stock was 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 owns 427,231 shares in the company, valued at approximately $79,447,876.76. This trade represents a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Gary Merrill sold 3,287 shares of Commvault Systems stock in a transaction dated 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 represents a 3.63 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CVLT has been the topic of a number of recent research reports. StockNews.com raised Commvault Systems from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. Piper Sandler decreased their price target on Commvault Systems from $154.00 to $147.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Cantor Fitzgerald raised their price target on Commvault Systems from $159.00 to $173.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Guggenheim reissued a "neutral" rating on shares of Commvault Systems in a report on Wednesday, April 23rd. Finally, KeyCorp decreased their price target on Commvault Systems from $195.00 to $185.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $158.00.

Commvault Systems Price Performance

Shares of Commvault Systems stock traded up $0.45 during trading on Monday, reaching $165.96. 649,094 shares of the stock traded hands, compared to its average volume of 412,776. The company has a market capitalization of $7.30 billion, a price-to-earnings ratio of 43.56 and a beta of 0.68. The business has a fifty day simple moving average of $159.28 and a two-hundred day simple moving average of $161.65. Commvault Systems, Inc. has a 52-week low of $97.63 and a 52-week high of $190.11.

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.