Peak6 LLC Takes Position in Commvault Systems, Inc. (NASDAQ:CVLT)

PEAK6 LLC bought a new position in shares of Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 5,604 shares of the software maker's stock, valued at approximately $846,000.

Other large investors have also modified their holdings of the company. Jump Financial LLC acquired a new position in Commvault Systems during the fourth quarter worth $951,000. Ontario Teachers Pension Plan Board grew its position in Commvault Systems by 25.9% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 1,699 shares of the software maker's stock worth $256,000 after buying an additional 349 shares during the period. Chiron Investment Management LLC increased its holdings in Commvault Systems by 13.5% in the fourth quarter. Chiron Investment Management LLC now owns 2,867 shares of the software maker's stock valued at $433,000 after buying an additional 341 shares in the last quarter. Mariner LLC lifted its position in shares of Commvault Systems by 3.7% during the 4th quarter. Mariner LLC now owns 3,310 shares of the software maker's stock valued at $500,000 after acquiring an additional 118 shares during the period. Finally, Barclays PLC boosted its stake in shares of Commvault Systems by 25.5% during the 4th quarter. Barclays PLC now owns 108,484 shares of the software maker's stock worth $16,373,000 after acquiring an additional 22,049 shares in the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Commvault Systems Stock Up 1.3 %

Shares of Commvault Systems stock traded up $2.14 during trading hours on Friday, hitting $165.46. The company's stock had a trading volume of 303,644 shares, compared to its average volume of 410,371. The company has a market capitalization of $7.28 billion, a PE ratio of 43.43 and a beta of 0.68. The business has a fifty day moving average of $159.73 and a 200 day moving average of $161.59. Commvault Systems, Inc. has a 1-year low of $95.57 and a 1-year high of $190.11.

Insider Buying and Selling at Commvault Systems

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 transaction, the chief executive officer now directly owns 427,231 shares of the company's stock, valued at approximately $79,447,876.76. The trade was a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Gary Merrill sold 3,287 shares of the firm's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $186.94, for a total transaction of $614,471.78. Following the sale, the insider now directly owns 87,316 shares of the company's stock, 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 currently owned by corporate insiders.

Wall Street Analyst Weigh In

CVLT has been the subject of several research reports. StockNews.com raised Commvault Systems from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. Guggenheim reissued a "neutral" rating on shares of Commvault Systems in a research note on Wednesday. William Blair raised shares of Commvault Systems from a "market perform" rating to an "outperform" rating in a report on Thursday, January 30th. KeyCorp cut their price objective on Commvault Systems from $195.00 to $185.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Finally, Piper Sandler dropped their price target on Commvault Systems from $154.00 to $147.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Commvault Systems has a consensus rating of "Moderate Buy" and an average target price of $158.00.

Commvault Systems Company 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.