Man Group plc Has $24.41 Million Stake in Commvault Systems, Inc. (NASDAQ:CVLT)

Man Group plc grew its holdings in Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 6.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 161,781 shares of the software maker's stock after purchasing an additional 9,996 shares during the quarter. Man Group plc owned about 0.37% of Commvault Systems worth $24,414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Virtu Financial LLC lifted its holdings in Commvault Systems by 63.9% in the 4th quarter. Virtu Financial LLC now owns 8,243 shares of the software maker's stock worth $1,244,000 after buying an additional 3,214 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Commvault Systems by 0.8% in the 4th 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 during the last quarter. Banco Santander S.A. purchased a new position in shares of Commvault Systems during the 4th quarter valued at about $833,000. New Age Alpha Advisors LLC purchased a new position in shares of Commvault Systems in the fourth quarter valued at approximately $1,387,000. Finally, Oppenheimer & Co. Inc. purchased a new position in shares of Commvault Systems during the 4th quarter worth $367,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CVLT has been the topic of several recent analyst reports. Oppenheimer upped their price objective on shares of Commvault Systems from $180.00 to $200.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Royal Bank of Canada upped their target price on shares of Commvault Systems from $175.00 to $185.00 and gave the company a "sector perform" rating in a research note on Wednesday, April 30th. Wells Fargo & Company lifted their price objective on Commvault Systems from $180.00 to $190.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. KeyCorp dropped their price target on shares of Commvault Systems from $195.00 to $185.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Finally, Piper Sandler decreased their price target on shares of Commvault Systems from $154.00 to $147.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $175.25.

Commvault Systems Trading Up 0.1%

CVLT traded up $0.11 on Monday, hitting $178.15. 446,767 shares of the company's stock were exchanged, compared to its average volume of 418,722. Commvault Systems, Inc. has a twelve month low of $105.76 and a twelve month high of $190.11. The firm has a market cap of $7.86 billion, a PE ratio of 46.76 and a beta of 0.71. The stock has a fifty day moving average of $161.83 and a two-hundred day moving average of $164.61.

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

Insider Activity at Commvault Systems

In other Commvault Systems news, Director Nicola Adamo sold 1,500 shares of the business's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $169.74, for a total value of $254,610.00. Following the sale, the director now owns 16,178 shares of the company's stock, valued at $2,746,053.72. The trade was a 8.49% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Sanjay Mirchandani sold 12,318 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $185.96, for a total transaction of $2,290,655.28. Following the completion of the transaction, the chief executive officer now owns 427,231 shares in the company, valued at $79,447,876.76. This trade represents a 2.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,105 shares of company stock valued at $3,159,737. 1.00% of the stock is owned by company 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.