Schroder Investment Management Group Sells 9,468 Shares of Commvault Systems, Inc. (NASDAQ:CVLT)

Schroder Investment Management Group cut its stake in Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 8.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,699 shares of the software maker's stock after selling 9,468 shares during the quarter. Schroder Investment Management Group owned approximately 0.23% of Commvault Systems worth $15,376,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Cerity Partners LLC bought a new stake in Commvault Systems in the 3rd quarter valued at $506,000. FMR LLC grew its stake in shares of Commvault Systems by 26.1% in the third quarter. FMR LLC now owns 466,315 shares of the software maker's stock valued at $71,743,000 after acquiring an additional 96,525 shares in the last quarter. Verition Fund Management LLC increased its position in Commvault Systems by 301.5% during the third quarter. Verition Fund Management LLC now owns 6,725 shares of the software maker's stock worth $1,035,000 after acquiring an additional 5,050 shares during the period. Paloma Partners Management Co acquired a new stake in Commvault Systems in the 3rd quarter worth about $238,000. Finally, Benjamin Edwards Inc. bought a new stake in Commvault Systems in the 3rd quarter valued at about $268,000. Institutional investors and hedge funds own 93.50% of the company's stock.

Commvault Systems Stock Down 1.1 %

Shares of CVLT stock traded down $1.57 on Tuesday, reaching $140.51. The company had a trading volume of 597,289 shares, compared to its average volume of 402,142. The stock has a market capitalization of $6.18 billion, a PE ratio of 36.88 and a beta of 0.68. The business's 50-day moving average is $165.03 and its 200 day moving average is $161.66. Commvault Systems, Inc. has a one year low of $93.48 and a one year high of $190.11.

Insider Activity at Commvault Systems

In other news, insider Gary Merrill sold 3,287 shares of the business'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 sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Sanjay Mirchandani sold 12,318 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 427,231 shares of the company's stock, valued at approximately $79,447,876.76. This trade represents a 2.80 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. William Blair raised shares of Commvault Systems from a "market perform" rating to an "outperform" rating in a report on Thursday, January 30th. KeyCorp lifted their price objective on Commvault Systems from $192.00 to $195.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. StockNews.com upgraded Commvault Systems from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. Guggenheim restated a "neutral" rating on shares of Commvault Systems in a research report on Wednesday, January 29th. Finally, Cantor Fitzgerald upped their price objective on shares of Commvault Systems from $159.00 to $173.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Commvault Systems has an average rating of "Moderate Buy" and an average price target of $159.11.

About Commvault Systems

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.