Commvault Systems, Inc. (NASDAQ:CVLT) Shares Sold by Strengthening Families & Communities LLC

Strengthening Families & Communities LLC trimmed its position in shares of Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 95.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 779 shares of the software maker's stock after selling 17,012 shares during the period. Strengthening Families & Communities LLC's holdings in Commvault Systems were worth $118,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in shares of Commvault Systems in the third quarter valued at $33,000. Point72 DIFC Ltd acquired a new stake in shares of Commvault Systems in the third quarter valued at $71,000. Signaturefd LLC raised its stake in shares of Commvault Systems by 43.9% in the third quarter. Signaturefd LLC now owns 590 shares of the software maker's stock valued at $91,000 after acquiring an additional 180 shares in the last quarter. TD Private Client Wealth LLC acquired a new stake in shares of Commvault Systems in the third quarter valued at $105,000. Finally, Blue Trust Inc. raised its stake in shares of Commvault Systems by 38,400.0% in the fourth quarter. Blue Trust Inc. now owns 770 shares of the software maker's stock valued at $118,000 after acquiring an additional 768 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Commvault Systems Stock Performance

Shares of CVLT stock traded up $1.36 during mid-day trading on Friday, hitting $184.91. 431,739 shares of the stock were exchanged, compared to its average volume of 517,665. The stock's fifty day simple moving average is $162.74 and its two-hundred day simple moving average is $157.38. The stock has a market capitalization of $8.14 billion, a price-to-earnings ratio of 48.53 and a beta of 0.65. Commvault Systems, Inc. has a 12-month low of $90.32 and a 12-month high of $186.52.

Insiders Place Their Bets

In related news, CEO Sanjay Mirchandani sold 10,775 shares of the firm's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $165.30, for a total transaction of $1,781,107.50. Following the transaction, the chief executive officer now owns 459,969 shares of the company's stock, valued at $76,032,875.70. This trade represents a 2.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Allison Pickens sold 1,232 shares of the firm's stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $172.50, for a total value of $212,520.00. Following the transaction, the director now directly owns 5,899 shares in the company, valued at approximately $1,017,577.50. This represents a 17.28 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,530 shares of company stock valued at $2,244,755. 1.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CVLT shares. William Blair upgraded Commvault Systems from a "market perform" rating to an "outperform" rating in a research note on Thursday, January 30th. Oppenheimer began coverage on Commvault Systems in a report on Wednesday, November 13th. They issued an "outperform" rating and a $200.00 target price on the stock. StockNews.com lowered Commvault Systems from a "strong-buy" rating to a "buy" rating in a report on Thursday, January 16th. Cantor Fitzgerald increased their target price on Commvault Systems from $159.00 to $173.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Finally, Royal Bank of Canada increased their target price on Commvault Systems from $164.00 to $182.00 and gave the company a "sector perform" rating in a report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $156.44.

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.