Trexquant Investment LP purchased a new position in Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 41,687 shares of the software maker's stock, valued at approximately $6,291,000. Trexquant Investment LP owned 0.09% of Commvault Systems as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in CVLT. TFC Financial Management Inc. boosted its position in Commvault Systems by 294.1% during the 4th quarter. TFC Financial Management Inc. now owns 402 shares of the software maker's stock valued at $61,000 after acquiring an additional 300 shares in the last quarter. Point72 DIFC Ltd purchased a new position in Commvault Systems during the third quarter valued at $71,000. TD Private Client Wealth LLC purchased a new stake in shares of Commvault Systems in the 3rd quarter worth about $105,000. Blue Trust Inc. grew its position in shares of Commvault Systems by 37,400.0% in the 4th quarter. Blue Trust Inc. now owns 750 shares of the software maker's stock worth $113,000 after buying an additional 748 shares during the period. Finally, Meeder Asset Management Inc. bought a new position in shares of Commvault Systems in the 4th quarter worth about $127,000. Institutional investors own 93.50% of the company's stock.
Insider Buying and Selling at Commvault Systems
In other Commvault Systems news, CEO Sanjay Mirchandani sold 12,318 shares of the 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 sale, the chief executive officer now directly owns 427,231 shares in the company, valued at $79,447,876.76. This represents a 2.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Gary Merrill sold 3,287 shares of the business's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $186.94, for a total value of $614,471.78. Following the transaction, the insider now directly owns 87,316 shares of the company's stock, valued at $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 company insiders.
Analyst Ratings Changes
A number of equities analysts have weighed in on the stock. StockNews.com raised shares of Commvault Systems from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. Guggenheim reiterated a "neutral" rating on shares of Commvault Systems in a research note on Wednesday, January 29th. Piper Sandler decreased their target price on shares of Commvault Systems from $154.00 to $147.00 and set a "neutral" rating for the company in a research note on Tuesday. KeyCorp boosted their target price on shares of Commvault Systems from $192.00 to $195.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. Finally, William Blair upgraded Commvault Systems from a "market perform" rating to an "outperform" rating in a research note on Thursday, January 30th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $159.11.
Check Out Our Latest Stock Analysis on CVLT
Commvault Systems Stock Down 5.8 %
Shares of Commvault Systems stock traded down $9.07 during mid-day trading on Thursday, reaching $148.65. 82,687 shares of the stock traded hands, compared to its average volume of 402,233. The stock has a market capitalization of $6.54 billion, a PE ratio of 39.04 and a beta of 0.68. The business has a 50-day moving average of $165.00 and a 200 day moving average of $161.65. Commvault Systems, Inc. has a fifty-two week low of $93.48 and a fifty-two week high of $190.11.
About Commvault Systems
(
Free Report)
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.
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