Virtu Financial LLC Buys 3,214 Shares of Commvault Systems, Inc. (NASDAQ:CVLT)

Virtu Financial LLC lifted its holdings in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 63.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 8,243 shares of the software maker’s stock after acquiring an additional 3,214 shares during the period. Virtu Financial LLC’s holdings in Commvault Systems were worth $1,244,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Nisa Investment Advisors LLC lifted its holdings in shares of Commvault Systems by 3.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,960 shares of the software maker’s stock worth $296,000 after acquiring an additional 66 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of Commvault Systems by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 1,413 shares of the software maker’s stock worth $213,000 after acquiring an additional 75 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Commvault Systems by 4.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,439 shares of the software maker’s stock worth $368,000 after acquiring an additional 93 shares during the period. GAMMA Investing LLC increased its position in shares of Commvault Systems by 13.7% during the 4th quarter. GAMMA Investing LLC now owns 1,006 shares of the software maker’s stock worth $152,000 after purchasing an additional 121 shares in the last quarter. Finally, New York State Common Retirement Fund increased its position in shares of Commvault Systems by 1.0% during the 4th quarter. New York State Common Retirement Fund now owns 13,713 shares of the software maker’s stock worth $2,069,000 after purchasing an additional 141 shares in the last quarter. 93.50% of the stock is owned by institutional investors.

Commvault Systems Trading Down 0.4 %

Shares of NASDAQ CVLT opened at $161.52 on Monday. Commvault Systems, Inc. has a 1-year low of $93.48 and a 1-year high of $190.11. The company has a market cap of $7.11 billion, a PE ratio of 42.39 and a beta of 0.62. The company has a 50-day moving average of $165.77 and a two-hundred day moving average of $160.89.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Guggenheim reiterated a “neutral” rating on shares of Commvault Systems in a research report on Wednesday, January 29th. KeyCorp increased their target price on shares of Commvault Systems from $192.00 to $195.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Cantor Fitzgerald increased their target price on shares of Commvault Systems from $159.00 to $173.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. William Blair upgraded shares of Commvault Systems from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 30th. Finally, StockNews.com upgraded shares of Commvault Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Commvault Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.44.

Insiders Place Their Bets

In related news, CEO Sanjay Mirchandani sold 12,318 shares of the business’s 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 completion of the sale, the chief executive officer now directly owns 427,231 shares of the company’s stock, valued at $79,447,876.76. The trade was a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Gary Merrill sold 3,287 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $186.94, for a total transaction of $614,471.78. Following the sale, the insider now directly owns 87,316 shares of the company’s stock, valued at approximately $16,322,853.04. This trade represents a 3.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

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.