Commvault Systems, Inc. (NASDAQ:CVLT) Stake Reduced by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL cut its holdings in shares of Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 73.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,808 shares of the software maker's stock after selling 13,199 shares during the period. Tudor Investment Corp ET AL's holdings in Commvault Systems were worth $726,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CVLT. Quarry LP lifted its position in shares of Commvault Systems by 888.2% during the fourth quarter. Quarry LP now owns 168 shares of the software maker's stock worth $25,000 after purchasing an additional 151 shares during the last quarter. TFC Financial Management Inc. raised its stake in Commvault Systems by 294.1% during the fourth 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 bought a new position in Commvault Systems during the 4th quarter worth approximately $101,000. Blue Trust Inc. grew its position in shares of Commvault Systems by 37,400.0% in 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 in the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in shares of Commvault Systems in the 4th quarter valued at approximately $127,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Commvault Systems

In other news, insider Gary Merrill sold 3,287 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $186.94, for a total value of $614,471.78. Following the completion of the transaction, the insider now directly owns 87,316 shares in the company, valued at $16,322,853.04. This trade represents a 3.63% 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 the firm's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $169.74, for a total transaction of $254,610.00. Following the transaction, the director now owns 16,178 shares in the company, valued at $2,746,053.72. This represents a 8.49% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,105 shares of company stock valued at $3,159,737. Company insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. StockNews.com raised shares of Commvault Systems from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Oppenheimer lifted their price target on shares of Commvault Systems from $180.00 to $200.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. DA Davidson increased their price objective on shares of Commvault Systems from $185.00 to $200.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Cantor Fitzgerald lifted their target price on Commvault Systems from $159.00 to $173.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Finally, KeyCorp lowered their target price on Commvault Systems from $195.00 to $185.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $175.25.

Commvault Systems Price Performance

Shares of NASDAQ CVLT traded up $4.19 during midday trading on Tuesday, hitting $180.19. 79,654 shares of the company's stock were exchanged, compared to its average volume of 416,899. 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 $7.95 billion, a P/E ratio of 47.29 and a beta of 0.71. The stock's 50 day moving average price is $159.16 and its 200-day moving average price is $163.78.

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