AQR Capital Management LLC Has $75.47 Million Position in Commvault Systems, Inc. (NASDAQ:CVLT)

AQR Capital Management LLC lessened its stake in Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 13.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 500,105 shares of the software maker's stock after selling 74,948 shares during the quarter. AQR Capital Management LLC owned 1.14% of Commvault Systems worth $75,471,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Virtu Financial LLC acquired a new stake in Commvault Systems in the 3rd quarter valued at approximately $774,000. Tidal Investments LLC bought a new stake in shares of Commvault Systems in the third quarter worth $279,000. GAMMA Investing LLC lifted its position in shares of Commvault Systems by 13.7% in the fourth quarter. GAMMA Investing LLC now owns 1,006 shares of the software maker's stock worth $152,000 after purchasing an additional 121 shares in the last quarter. CWA Asset Management Group LLC boosted its holdings in Commvault Systems by 20.4% during the fourth quarter. CWA Asset Management Group LLC now owns 7,994 shares of the software maker's stock worth $1,206,000 after purchasing an additional 1,355 shares during the last quarter. Finally, Oak Ridge Investments LLC bought a new position in Commvault Systems in the fourth quarter valued at $2,561,000. Institutional investors own 93.50% of the company's stock.

Insiders Place Their Bets

In other Commvault Systems news, CEO Sanjay Mirchandani sold 12,318 shares of the company's 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 transaction, the chief executive officer now directly owns 427,231 shares of the company's stock, valued at $79,447,876.76. This represents a 2.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Gary Merrill sold 3,287 shares of Commvault Systems stock in a transaction 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 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 disclosure for this sale can be found here. Company insiders own 1.00% of the company's stock.

Analyst Ratings Changes

CVLT has been the topic of several analyst reports. Cantor Fitzgerald boosted their price target on shares of Commvault Systems from $159.00 to $173.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. StockNews.com upgraded Commvault Systems from a "hold" rating to a "buy" rating in a report on Thursday. DA Davidson raised their price target on Commvault Systems from $185.00 to $200.00 and gave the company a "buy" rating in a research note on Tuesday. KeyCorp dropped their price objective on Commvault Systems from $195.00 to $185.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Finally, Guggenheim reissued a "neutral" rating on shares of Commvault Systems in a research note on Wednesday, April 23rd. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $175.25.

Commvault Systems Stock Up 3.9 %

Shares of CVLT stock traded up $6.53 during trading on Friday, reaching $172.55. 403,441 shares of the company's stock were exchanged, compared to its average volume of 414,005. The firm's fifty day moving average price is $158.48 and its 200-day moving average price is $161.94. Commvault Systems, Inc. has a twelve month low of $105.76 and a twelve month high of $190.11. The stock has a market capitalization of $7.59 billion, a PE ratio of 45.29 and a beta of 0.68.

Commvault Systems (NASDAQ:CVLT - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The software maker reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.10. The company had revenue of $275.04 million for the quarter, compared to analyst estimates of $262.52 million. Commvault Systems had a net margin of 18.14% and a return on equity of 28.69%. The company's revenue was up 23.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.79 earnings per share. As a group, analysts anticipate that Commvault Systems, Inc. will post 1.65 EPS for the current fiscal year.

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.