Schonfeld Strategic Advisors LLC Acquires 19,667 Shares of Commvault Systems, Inc. (NASDAQ:CVLT)

Schonfeld Strategic Advisors LLC raised its position in Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 503.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,570 shares of the software maker's stock after buying an additional 19,667 shares during the period. Schonfeld Strategic Advisors LLC owned about 0.05% of Commvault Systems worth $3,557,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Quarry LP raised its holdings in Commvault Systems by 888.2% in the 4th quarter. Quarry LP now owns 168 shares of the software maker's stock valued at $25,000 after acquiring an additional 151 shares during the last quarter. TFC Financial Management Inc. grew its holdings in Commvault Systems by 294.1% in the 4th quarter. TFC Financial Management Inc. now owns 402 shares of the software maker's stock valued at $61,000 after buying an additional 300 shares in the last quarter. GeoWealth Management LLC acquired a new stake in shares of Commvault Systems in the 4th quarter worth $101,000. Blue Trust Inc. raised its holdings in shares of Commvault Systems by 37,400.0% during the 4th quarter. Blue Trust Inc. now owns 750 shares of the software maker's stock worth $113,000 after acquiring an additional 748 shares during the period. Finally, Meeder Asset Management Inc. acquired a new position in shares of Commvault Systems during the 4th quarter valued at about $127,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CVLT has been the subject of a number of recent analyst reports. Piper Sandler dropped 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 report on Tuesday, April 8th. DA Davidson increased their target price on shares of Commvault Systems from $185.00 to $200.00 and gave the stock a "buy" rating in a report on Tuesday, April 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 raised Commvault Systems from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Finally, Oppenheimer boosted their price objective on Commvault Systems from $180.00 to $200.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $175.25.

Insider Buying and Selling

In other news, CEO Sanjay Mirchandani sold 12,318 shares of Commvault Systems stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $185.96, for a total transaction of $2,290,655.28. Following the transaction, the chief executive officer now directly owns 427,231 shares in the company, valued at approximately $79,447,876.76. This trade represents a 2.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Nicola Adamo sold 1,500 shares of Commvault Systems stock in a transaction that occurred on 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 transaction, the director now directly owns 16,178 shares in the company, valued at approximately $2,746,053.72. This trade represents a 8.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,105 shares of company stock worth $3,159,737 over the last quarter. 1.00% of the stock is owned by company insiders.

Commvault Systems Trading Down 1.0 %

NASDAQ:CVLT traded down $1.76 during mid-day trading on Tuesday, hitting $172.24. The company had a trading volume of 396,257 shares, compared to its average volume of 414,769. The business has a fifty day simple moving average of $158.52 and a 200-day simple moving average of $162.42. The firm has a market capitalization of $7.58 billion, a price-to-earnings ratio of 45.21 and a beta of 0.71. Commvault Systems, Inc. has a 1 year low of $105.76 and a 1 year high of $190.11.

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