Y Intercept Hong Kong Ltd Invests $1.45 Million in Commvault Systems, Inc. (NASDAQ:CVLT)

Y Intercept Hong Kong Ltd bought a new position in Commvault Systems, Inc. (NASDAQ:CVLT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 9,634 shares of the software maker’s stock, valued at approximately $1,454,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new position in shares of Commvault Systems in the third quarter worth approximately $33,000. TFC Financial Management Inc. boosted its holdings in 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 in the last quarter. Point72 DIFC Ltd bought a new stake in Commvault Systems in the third quarter valued at $71,000. Signaturefd LLC boosted its holdings in Commvault Systems by 43.9% in the third quarter. Signaturefd LLC now owns 590 shares of the software maker’s stock valued at $91,000 after acquiring an additional 180 shares in the last quarter. Finally, TD Private Client Wealth LLC bought a new stake in Commvault Systems in the third quarter valued at $105,000. Institutional investors own 93.50% of the company’s stock.

Insider Transactions at Commvault Systems

In other news, Director Allison Pickens sold 1,232 shares of Commvault Systems stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $172.50, for a total value of $212,520.00. Following the completion of the transaction, the director now owns 5,899 shares of the company’s stock, valued at $1,017,577.50. The trade was a 17.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sanjay Mirchandani sold 12,318 shares of Commvault Systems stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $185.96, for a total value of $2,290,655.28. Following the completion of the transaction, the chief executive officer now directly owns 427,231 shares of the company’s stock, valued at approximately $79,447,876.76. This represents a 2.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,837 shares of company stock valued at $3,117,647 in the last quarter. 1.00% of the stock is owned by insiders.

Commvault Systems Price Performance

CVLT opened at $169.04 on Wednesday. The stock has a 50-day moving average price of $163.99 and a 200-day moving average price of $159.53. The firm has a market cap of $7.44 billion, a PE ratio of 44.37 and a beta of 0.65. Commvault Systems, Inc. has a 1 year low of $93.48 and a 1 year high of $190.11.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CVLT. Cantor Fitzgerald lifted their price target on shares of Commvault Systems from $159.00 to $173.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Guggenheim reiterated a “neutral” rating on shares of Commvault Systems in a report on Wednesday, January 29th. Royal Bank of Canada lifted their price target on shares of Commvault Systems from $164.00 to $182.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. William Blair upgraded shares of Commvault Systems from a “market perform” rating to an “outperform” rating in a report on Thursday, January 30th. Finally, StockNews.com upgraded shares of Commvault Systems from a “hold” rating to a “buy” rating in a report on Tuesday. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Commvault Systems currently has an average rating of “Moderate Buy” and an average target price of $156.44.

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.