Versor Investments LP Decreases Holdings in Commvault Systems, Inc. (NASDAQ:CVLT)

Versor Investments LP reduced its stake in Commvault Systems, Inc. (NASDAQ:CVLT) by 35.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,681 shares of the software maker’s stock after selling 2,049 shares during the period. Versor Investments LP’s holdings in Commvault Systems were worth $556,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Raymond James & Associates grew its stake in shares of Commvault Systems by 58.1% in the third quarter. Raymond James & Associates now owns 15,410 shares of the software maker’s stock valued at $2,371,000 after buying an additional 5,661 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Commvault Systems during the 3rd quarter worth approximately $4,142,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Commvault Systems by 53.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,226 shares of the software maker’s stock worth $496,000 after acquiring an additional 1,126 shares during the period. State of Alaska Department of Revenue grew its position in Commvault Systems by 7.2% in the third quarter. State of Alaska Department of Revenue now owns 5,071 shares of the software maker’s stock valued at $780,000 after acquiring an additional 340 shares in the last quarter. Finally, Diversify Advisory Services LLC purchased a new stake in shares of Commvault Systems during the third quarter valued at approximately $238,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CVLT. Oppenheimer began coverage on shares of Commvault Systems in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $200.00 target price for the company. KeyCorp upped their price objective 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 raised Commvault Systems from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. William Blair upgraded Commvault Systems from a “market perform” rating to an “outperform” rating in a report on Thursday, January 30th. Finally, Cantor Fitzgerald upped their target price on Commvault Systems from $159.00 to $173.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $156.44.

Insider Buying and Selling

In related news, insider Gary Merrill sold 3,287 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $186.94, for a total transaction of $614,471.78. Following the sale, the insider now owns 87,316 shares in the company, valued at $16,322,853.04. This represents a 3.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sanjay Mirchandani sold 12,318 shares of Commvault Systems stock in a transaction that occurred on 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 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. The trade was a 2.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Commvault Systems Trading Up 1.1 %

Shares of CVLT opened at $170.56 on Friday. Commvault Systems, Inc. has a 52 week low of $93.48 and a 52 week high of $190.11. The firm has a market cap of $7.50 billion, a price-to-earnings ratio of 44.77 and a beta of 0.65. The stock has a 50 day moving average of $164.74 and a 200-day moving average of $159.95.

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.