Y Intercept Hong Kong Ltd Purchases Shares of 9,634 Commvault Systems, Inc. (NASDAQ:CVLT)

Y Intercept Hong Kong Ltd purchased a new stake in shares of Commvault Systems, Inc. (NASDAQ:CVLT) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 9,634 shares of the software maker’s stock, valued at approximately $1,454,000.

Other large investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its stake in shares of Commvault Systems by 25.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 586,795 shares of the software maker’s stock valued at $90,278,000 after acquiring an additional 120,779 shares during the period. Summit Partners Public Asset Management LLC bought a new position in shares of Commvault Systems during the 3rd quarter valued at approximately $67,722,000. Point72 Hong Kong Ltd grew its stake in shares of Commvault Systems by 37.9% during the 3rd quarter. Point72 Hong Kong Ltd now owns 23,421 shares of the software maker’s stock valued at $3,603,000 after acquiring an additional 6,433 shares during the period. Raymond James & Associates grew its stake in shares of Commvault Systems by 58.1% during the 3rd quarter. Raymond James & Associates now owns 15,410 shares of the software maker’s stock valued at $2,371,000 after acquiring an additional 5,661 shares during the period. Finally, Intech Investment Management LLC grew its stake in shares of Commvault Systems by 31.8% during the 3rd quarter. Intech Investment Management LLC now owns 24,074 shares of the software maker’s stock valued at $3,704,000 after acquiring an additional 5,805 shares during the period. 93.50% of the stock is currently owned by institutional investors.

Insider Transactions at Commvault Systems

In other news, insider Gary Merrill sold 3,287 shares of the company’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 $16,322,853.04. This represents a 3.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Allison Pickens sold 1,232 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $172.50, for a total value of $212,520.00. Following the sale, the director now directly owns 5,899 shares in the company, valued at $1,017,577.50. This trade represents a 17.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,837 shares of company stock valued at $3,117,647 in the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CVLT. Royal Bank of Canada boosted their price objective on Commvault Systems from $164.00 to $182.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. KeyCorp boosted their price objective on Commvault Systems from $192.00 to $195.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Guggenheim restated a “neutral” rating on shares of Commvault Systems in a research note on Wednesday, January 29th. Cantor Fitzgerald upped their price target on Commvault Systems from $159.00 to $173.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Finally, William Blair upgraded Commvault Systems from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 30th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.44.

Commvault Systems Price Performance

Shares of CVLT opened at $169.04 on Wednesday. The stock has a market capitalization of $7.44 billion, a price-to-earnings ratio of 44.37 and a beta of 0.65. Commvault Systems, Inc. has a 1 year low of $93.48 and a 1 year high of $190.11. The business’s 50 day simple moving average is $163.99 and its 200-day simple moving average is $159.53.

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.