1,418 Shares in Commvault Systems, Inc. (NASDAQ:CVLT) Bought by AXQ Capital LP

AXQ Capital LP acquired a new stake in Commvault Systems, Inc. (NASDAQ:CVLT) in the 4th quarter, Holdings Channel reports. The fund acquired 1,418 shares of the software maker’s stock, valued at approximately $214,000.

Several other hedge funds also recently made changes to their positions in CVLT. Sei Investments Co. boosted its holdings in shares of Commvault Systems by 63.9% in the fourth quarter. Sei Investments Co. now owns 157,111 shares of the software maker’s stock valued at $23,708,000 after acquiring an additional 61,243 shares during the period. American Century Companies Inc. boosted its stake in Commvault Systems by 1.6% during the 4th quarter. American Century Companies Inc. now owns 19,873 shares of the software maker’s stock worth $2,999,000 after purchasing an additional 304 shares during the period. Virtu Financial LLC boosted its stake in Commvault Systems by 63.9% during the 4th quarter. Virtu Financial LLC now owns 8,243 shares of the software maker’s stock worth $1,244,000 after purchasing an additional 3,214 shares during the period. Quantbot Technologies LP purchased a new position in Commvault Systems during the 4th quarter worth $1,545,000. Finally, Lingohr Asset Management GmbH purchased a new stake in shares of Commvault Systems in the fourth quarter valued at about $447,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Insider Transactions at Commvault Systems

In related news, CEO Sanjay Mirchandani sold 12,318 shares of the business’s 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 sale, the chief executive officer now directly owns 427,231 shares in the company, valued at $79,447,876.76. The trade was a 2.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 completion of the sale, the insider now directly owns 87,316 shares in the company, valued at approximately $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. Corporate insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CVLT shares. Guggenheim restated a “neutral” rating on shares of Commvault Systems in a research report on Wednesday, January 29th. KeyCorp upped their price target on Commvault Systems from $192.00 to $195.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Cantor Fitzgerald lifted their price objective on shares of Commvault Systems from $159.00 to $173.00 and gave the company 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 raised shares of Commvault Systems from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.44.

Commvault Systems Trading Up 4.7 %

Shares of CVLT opened at $169.17 on Tuesday. Commvault Systems, Inc. has a twelve month low of $93.48 and a twelve month high of $190.11. The firm has a market capitalization of $7.44 billion, a P/E ratio of 44.40 and a beta of 0.62. The firm’s 50-day moving average is $166.03 and its two-hundred day moving average is $161.04.

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.