Quantbot Technologies LP Invests $1.55 Million in Commvault Systems, Inc. (NASDAQ:CVLT)

Quantbot Technologies LP bought a new stake in shares of Commvault Systems, Inc. (NASDAQ:CVLT) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,237 shares of the software maker’s stock, valued at approximately $1,545,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its stake in shares of Commvault Systems by 25.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 586,795 shares of the software maker’s stock valued at $90,278,000 after purchasing an additional 120,779 shares during the period. Summit Partners Public Asset Management LLC bought a new stake in Commvault Systems during the 3rd quarter valued at $67,722,000. Point72 Hong Kong Ltd boosted its position in 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 buying an additional 6,433 shares during the period. Centiva Capital LP grew its holdings in Commvault Systems by 193.2% in the 3rd quarter. Centiva Capital LP now owns 8,567 shares of the software maker’s stock worth $1,318,000 after acquiring an additional 5,645 shares during the last quarter. Finally, Banco Santander S.A. purchased a new position in shares of Commvault Systems in the fourth quarter valued at about $833,000. 93.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CVLT has been the topic of several recent analyst reports. Cantor Fitzgerald raised their target price on Commvault Systems from $159.00 to $173.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. KeyCorp lifted their price objective on Commvault Systems from $192.00 to $195.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. William Blair upgraded Commvault Systems from a “market perform” rating to an “outperform” rating in a report on Thursday, January 30th. StockNews.com upgraded shares of Commvault Systems from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. Finally, Guggenheim restated a “neutral” rating on shares of Commvault Systems in a report on Wednesday, January 29th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Commvault Systems currently has an average rating of “Moderate Buy” and a consensus target price of $156.44.

Commvault Systems Trading Up 4.7 %

Shares of CVLT stock opened at $169.17 on Tuesday. The company’s fifty day moving average price is $166.03 and its 200-day moving average price is $161.04. The stock has a market cap of $7.44 billion, a PE 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.

Insider Buying and Selling

In other news, CEO Sanjay Mirchandani sold 12,318 shares of Commvault Systems stock in a transaction dated Wednesday, February 19th. The stock was 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 $79,447,876.76. The trade was a 2.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gary Merrill sold 3,287 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was 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 owns 87,316 shares in the company, valued at approximately $16,322,853.04. The trade was a 3.63 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

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.