Trexquant Investment LP Takes $6.29 Million Position in Commvault Systems, Inc. (NASDAQ:CVLT)

Trexquant Investment LP bought a new position in shares of Commvault Systems, Inc. (NASDAQ:CVLT) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 41,687 shares of the software maker’s stock, valued at approximately $6,291,000. Trexquant Investment LP owned 0.09% of Commvault Systems as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Commvault Systems by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 5,636,559 shares of the software maker’s stock worth $850,613,000 after acquiring an additional 54,562 shares during the period. State Street Corp increased its holdings in Commvault Systems by 1.6% during the 3rd quarter. State Street Corp now owns 1,594,045 shares of the software maker’s stock worth $245,244,000 after purchasing an additional 25,082 shares during the period. Geode Capital Management LLC raised its position in Commvault Systems by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 1,288,068 shares of the software maker’s stock valued at $194,681,000 after purchasing an additional 43,088 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Commvault Systems by 604.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 647,525 shares of the software maker’s stock valued at $98,479,000 after buying an additional 555,656 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Commvault Systems by 0.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 632,870 shares of the software maker’s stock worth $95,506,000 after buying an additional 4,957 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Commvault Systems

In other news, 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 value of $614,471.78. Following the transaction, the insider now owns 87,316 shares of the company’s stock, valued at approximately $16,322,853.04. The trade was a 3.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Sanjay Mirchandani sold 12,318 shares of the stock in a transaction on 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 sale, the chief executive officer now directly owns 427,231 shares of the company’s stock, valued at approximately $79,447,876.76. This represents a 2.80 % 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 Price Performance

Shares of NASDAQ:CVLT opened at $139.35 on Friday. The stock has a market cap of $6.13 billion, a P/E ratio of 36.57 and a beta of 0.62. Commvault Systems, Inc. has a 1-year low of $93.48 and a 1-year high of $190.11. The firm has a fifty day moving average price of $165.87 and a 200 day moving average price of $161.79.

Wall Street Analyst Weigh In

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

Commvault Systems Company 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.