Harvest Fund Management Co. Ltd Sells 5,175 Shares of Commvault Systems, Inc. (NASDAQ:CVLT)

Harvest Fund Management Co. Ltd trimmed its position in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 49.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,225 shares of the software maker’s stock after selling 5,175 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Commvault Systems were worth $787,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. TFC Financial Management Inc. grew 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 worth $61,000 after buying an additional 300 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in Commvault Systems during the third quarter worth about $71,000. TD Private Client Wealth LLC acquired a new stake in Commvault Systems during the third quarter worth about $105,000. Blue Trust Inc. grew its stake in Commvault Systems by 37,400.0% during the fourth quarter. Blue Trust Inc. now owns 750 shares of the software maker’s stock worth $113,000 after buying an additional 748 shares in the last quarter. Finally, Centaurus Financial Inc. acquired a new stake in Commvault Systems during the third quarter worth about $126,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Commvault Systems Price Performance

Shares of NASDAQ CVLT opened at $162.21 on Friday. The company has a 50 day simple moving average of $165.62 and a 200 day simple moving average of $160.69. The firm has a market cap of $7.14 billion, a PE ratio of 42.57 and a beta of 0.62. Commvault Systems, Inc. has a 1 year low of $93.48 and a 1 year high of $190.11.

Insider Activity at Commvault Systems

In other Commvault Systems news, CEO Sanjay Mirchandani sold 12,318 shares of the firm’s stock in a transaction that occurred on 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 approximately $79,447,876.76. This trade represents a 2.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gary Merrill sold 3,287 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $186.94, for a total transaction of $614,471.78. Following the transaction, the insider now owns 87,316 shares of the company’s stock, valued at approximately $16,322,853.04. The trade was a 3.63 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. William Blair upgraded shares of Commvault Systems from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 30th. KeyCorp raised their price target on shares of Commvault Systems from $192.00 to $195.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Guggenheim restated a “neutral” rating on shares of Commvault Systems in a research note on Wednesday, January 29th. Cantor Fitzgerald raised their price target on shares of Commvault Systems from $159.00 to $173.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Finally, StockNews.com upgraded shares of Commvault Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.