Farringdon Capital Ltd. Invests $269,000 in Commvault Systems, Inc. (NASDAQ:CVLT)

Farringdon Capital Ltd. acquired a new stake in shares of Commvault Systems, Inc. (NASDAQ:CVLT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,781 shares of the software maker’s stock, valued at approximately $269,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CVLT. TFC Financial Management Inc. increased its stake in Commvault Systems by 294.1% during the 4th quarter. TFC Financial Management Inc. now owns 402 shares of the software maker’s stock valued at $61,000 after purchasing an additional 300 shares in the last quarter. Blue Trust Inc. increased 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 valued at $113,000 after acquiring an additional 748 shares during the period. Meeder Asset Management Inc. purchased a new position in Commvault Systems in the 4th quarter worth $127,000. GAMMA Investing LLC lifted its position in Commvault Systems by 13.7% during the 4th quarter. GAMMA Investing LLC now owns 1,006 shares of the software maker’s stock worth $152,000 after acquiring an additional 121 shares during the period. Finally, AlphaQuest LLC grew its stake in Commvault Systems by 69.1% during the 4th quarter. AlphaQuest LLC now owns 1,023 shares of the software maker’s stock valued at $154,000 after purchasing an additional 418 shares during the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Commvault Systems news, CEO Sanjay Mirchandani sold 12,318 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were 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 in the company, valued at $79,447,876.76. The trade was a 2.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Gary Merrill sold 3,287 shares of the firm’s 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 approximately $16,322,853.04. This trade represents a 3.63 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Commvault Systems Price Performance

Shares of Commvault Systems stock opened at $149.74 on Friday. The business has a 50 day simple moving average of $162.17 and a two-hundred day simple moving average of $161.57. The stock has a market capitalization of $6.59 billion, a P/E ratio of 39.30 and a beta of 0.68. Commvault Systems, Inc. has a 12 month low of $93.48 and a 12 month high of $190.11.

Analyst Ratings Changes

CVLT has been the subject of several research analyst reports. Cantor Fitzgerald raised their price objective on Commvault Systems from $159.00 to $173.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Guggenheim reissued a “neutral” rating on shares of Commvault Systems in a research report on Wednesday, January 29th. Piper Sandler decreased their target price 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. StockNews.com upgraded Commvault Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. Finally, KeyCorp cut their price target on Commvault Systems from $195.00 to $185.00 and set an “overweight” rating for the company in a research note on Thursday. Five 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 presently has an average rating of “Moderate Buy” and a consensus target price of $158.00.

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.