Commvault Systems, Inc. (NASDAQ:CVLT) Stake Reduced by Signaturefd LLC

Signaturefd LLC trimmed its stake in Commvault Systems, Inc. (NASDAQ:CVLT) by 11.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 520 shares of the software maker’s stock after selling 70 shares during the quarter. Signaturefd LLC’s holdings in Commvault Systems were worth $78,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. TFC Financial Management Inc. boosted its position in shares of Commvault Systems by 294.1% during the fourth quarter. TFC Financial Management Inc. now owns 402 shares of the software maker’s stock worth $61,000 after buying an additional 300 shares during the period. Point72 DIFC Ltd acquired a new position in Commvault Systems during the 3rd quarter worth $71,000. TD Private Client Wealth LLC bought a new position in shares of Commvault Systems in the third quarter worth $105,000. Blue Trust Inc. increased its holdings in shares of Commvault Systems by 37,400.0% during the fourth quarter. Blue Trust Inc. now owns 750 shares of the software maker’s stock valued at $113,000 after purchasing an additional 748 shares during the period. Finally, Centaurus Financial Inc. bought a new stake in shares of Commvault Systems during the third quarter valued at about $126,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Commvault Systems Stock Up 4.7 %

NASDAQ:CVLT opened at $169.17 on Tuesday. The stock has a fifty day simple moving average of $166.03 and a 200 day simple moving average of $161.04. The firm has a market capitalization of $7.44 billion, a price-to-earnings ratio of 44.40 and a beta of 0.62. Commvault Systems, Inc. has a 1-year low of $93.48 and a 1-year high of $190.11.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CVLT. KeyCorp increased 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. StockNews.com upgraded shares of Commvault Systems from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. Guggenheim restated a “neutral” rating on shares of Commvault Systems in a research report on Wednesday, January 29th. William Blair upgraded Commvault Systems from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 30th. Finally, Cantor Fitzgerald upped their price objective on Commvault Systems from $159.00 to $173.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Commvault Systems has a consensus rating of “Moderate Buy” and a consensus price target of $156.44.

Insiders Place Their Bets

In other Commvault Systems news, insider Gary Merrill sold 3,287 shares of the firm’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 completion of the sale, the insider now directly owns 87,316 shares in the company, valued at approximately $16,322,853.04. This trade represents a 3.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Sanjay Mirchandani sold 12,318 shares of Commvault Systems stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $185.96, for a total value of $2,290,655.28. Following the transaction, the chief executive officer now directly owns 427,231 shares in the company, 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. Corporate insiders own 1.00% of the company’s stock.

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.