GTS Securities LLC Has $223,000 Stock Holdings in Commvault Systems, Inc. (NASDAQ:CVLT)

GTS Securities LLC decreased its holdings in shares of Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 80.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,479 shares of the software maker's stock after selling 6,021 shares during the quarter. GTS Securities LLC's holdings in Commvault Systems were worth $223,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Quarry LP lifted its position in Commvault Systems by 888.2% during the 4th quarter. Quarry LP now owns 168 shares of the software maker's stock worth $25,000 after buying an additional 151 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its position in shares of Commvault Systems by 409.0% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 341 shares of the software maker's stock valued at $51,000 after acquiring an additional 274 shares during the last quarter. TFC Financial Management Inc. increased its position in shares of Commvault Systems by 294.1% in the fourth quarter. TFC Financial Management Inc. now owns 402 shares of the software maker's stock valued at $61,000 after acquiring an additional 300 shares during the last quarter. GeoWealth Management LLC bought a new stake in Commvault Systems during the fourth quarter worth about $101,000. Finally, Blue Trust Inc. boosted its position in Commvault Systems by 37,400.0% during the fourth quarter. Blue Trust Inc. now owns 750 shares of the software maker's stock valued at $113,000 after purchasing an additional 748 shares during the last quarter. Institutional investors own 93.50% of the company's stock.

Insider Transactions at Commvault Systems

In related news, CEO Sanjay Mirchandani sold 1,709 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total value of $299,075.00. Following the transaction, the chief executive officer now directly owns 469,648 shares in the company, valued at approximately $82,188,400. This represents a 0.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Nicola Adamo sold 1,500 shares of Commvault Systems stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $169.74, for a total transaction of $254,610.00. Following the completion of the sale, the director now owns 16,178 shares of the company's stock, valued at $2,746,053.72. This trade represents a 8.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,957 shares of company stock worth $859,428 over the last quarter. Company insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Wells Fargo & Company boosted their price target on Commvault Systems from $180.00 to $190.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Guggenheim restated a "neutral" rating on shares of Commvault Systems in a report on Wednesday, April 23rd. Royal Bank of Canada upped their price target on shares of Commvault Systems from $175.00 to $185.00 and gave the stock a "sector perform" rating in a research report on Wednesday, April 30th. Oppenheimer lifted their price objective on shares of Commvault Systems from $180.00 to $200.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Finally, Wall Street Zen upgraded shares of Commvault Systems from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $175.25.

Commvault Systems Price Performance

CVLT stock traded down $3.84 during midday trading on Tuesday, reaching $183.14. 595,618 shares of the company were exchanged, compared to its average volume of 427,138. Commvault Systems, Inc. has a one year low of $107.12 and a one year high of $190.11. The firm has a market capitalization of $8.08 billion, a price-to-earnings ratio of 48.07 and a beta of 0.71. The business has a 50-day moving average price of $164.91 and a two-hundred day moving average price of $165.24.

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

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.