5,029 Shares in Commvault Systems, Inc. (NASDAQ:CVLT) Acquired by Virtu Financial LLC

Virtu Financial LLC acquired a new stake in Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,029 shares of the software maker's stock, valued at approximately $774,000.

A number of other hedge funds have also recently modified their holdings of CVLT. Summit Partners Public Asset Management LLC purchased a new stake in Commvault Systems in the 3rd quarter worth approximately $67,722,000. AQR Capital Management LLC lifted its stake in shares of Commvault Systems by 33.5% in the 2nd quarter. AQR Capital Management LLC now owns 648,858 shares of the software maker's stock valued at $78,882,000 after purchasing an additional 162,722 shares during the period. Renaissance Technologies LLC grew its position in Commvault Systems by 7.5% during the second quarter. Renaissance Technologies LLC now owns 1,813,487 shares of the software maker's stock valued at $220,466,000 after buying an additional 126,800 shares during the period. Charles Schwab Investment Management Inc. grew its position in Commvault Systems by 25.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 586,795 shares of the software maker's stock valued at $90,278,000 after buying an additional 120,779 shares during the period. Finally, Congress Asset Management Co. increased its holdings in Commvault Systems by 29.4% in the third quarter. Congress Asset Management Co. now owns 492,162 shares of the software maker's stock valued at $75,719,000 after buying an additional 111,715 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company's stock.

Commvault Systems Stock Down 2.6 %

Shares of Commvault Systems stock traded down $4.45 during trading hours on Friday, reaching $168.69. 241,713 shares of the company's stock were exchanged, compared to its average volume of 353,404. The business has a fifty day moving average of $162.21 and a two-hundred day moving average of $143.98. The company has a market capitalization of $7.38 billion, a P/E ratio of 42.71 and a beta of 0.61. Commvault Systems, Inc. has a 1 year low of $73.33 and a 1 year high of $178.72.

Commvault Systems (NASDAQ:CVLT - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The software maker reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.07. Commvault Systems had a net margin of 19.75% and a return on equity of 31.62%. The company had revenue of $233.28 million during the quarter, compared to analysts' expectations of $220.76 million. During the same quarter in the prior year, the company earned $0.30 EPS. Commvault Systems's revenue was up 16.1% compared to the same quarter last year. As a group, research analysts predict that Commvault Systems, Inc. will post 1.66 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. DA Davidson raised their target price on Commvault Systems from $170.00 to $175.00 and gave the company a "buy" rating in a research report on Friday, September 6th. Guggenheim lowered Commvault Systems from a "buy" rating to a "neutral" rating in a report on Tuesday, October 15th. Oppenheimer started coverage on Commvault Systems in a research note on Wednesday, November 13th. They set an "outperform" rating and a $200.00 target price for the company. Royal Bank of Canada lifted their price target on shares of Commvault Systems from $164.00 to $182.00 and gave the company a "sector perform" rating in a research note on Wednesday, October 30th. Finally, StockNews.com cut shares of Commvault Systems from a "strong-buy" rating to a "buy" rating in a research report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Commvault Systems presently has an average rating of "Moderate Buy" and an average target price of $151.25.

Insider Activity at Commvault Systems

In other news, insider Gary Merrill sold 1,523 shares of Commvault Systems stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $164.89, for a total transaction of $251,127.47. Following the sale, the insider now owns 93,007 shares of the company's stock, valued at approximately $15,335,924.23. The trade was a 1.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sanjay Mirchandani sold 10,775 shares of the company's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $165.30, for a total value of $1,781,107.50. Following the completion of the transaction, the chief executive officer now owns 459,969 shares in the company, valued at $76,032,875.70. This represents a 2.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,530 shares of company stock valued at $2,244,755. 1.00% of the stock is currently owned by insiders.

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.