Fox Run Management L.L.C. Acquires Shares of 3,618 Commvault Systems, Inc. (NASDAQ:CVLT)

Fox Run Management L.L.C. bought a new position in shares of Commvault Systems, Inc. (NASDAQ:CVLT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,618 shares of the software maker’s stock, valued at approximately $546,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in Commvault Systems by 25.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 586,795 shares of the software maker’s stock worth $90,278,000 after purchasing an additional 120,779 shares during the period. Summit Partners Public Asset Management LLC acquired a new stake in shares of Commvault Systems during the 3rd quarter worth approximately $67,722,000. Point72 Hong Kong Ltd raised its stake in shares of Commvault Systems by 37.9% during the third quarter. Point72 Hong Kong Ltd now owns 23,421 shares of the software maker’s stock worth $3,603,000 after buying an additional 6,433 shares during the last quarter. Centiva Capital LP lifted its holdings in Commvault Systems by 193.2% in the third quarter. Centiva Capital LP now owns 8,567 shares of the software maker’s stock valued at $1,318,000 after buying an additional 5,645 shares during the period. Finally, Banco Santander S.A. bought a new position in Commvault Systems in the fourth quarter valued at approximately $833,000. Institutional investors own 93.50% of the company’s stock.

Commvault Systems Stock Up 4.7 %

Shares of NASDAQ:CVLT opened at $169.17 on Tuesday. The firm has a market cap of $7.44 billion, a price-to-earnings ratio of 44.40 and a beta of 0.62. Commvault Systems, Inc. has a 12 month low of $93.48 and a 12 month high of $190.11. The company’s fifty day simple moving average is $166.03 and its 200 day simple moving average is $161.04.

Insider Buying and Selling at Commvault Systems

In other news, insider Gary Merrill sold 3,287 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 87,316 shares of the company’s stock, valued at $16,322,853.04. This trade represents a 3.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sanjay Mirchandani sold 12,318 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was 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 in the company, valued at approximately $79,447,876.76. This represents a 2.80 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

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

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.