Virtu Financial LLC Invests $389,000 in Commvault Systems, Inc. (NASDAQ:CVLT)

Virtu Financial LLC bought a new stake in Commvault Systems, Inc. (NASDAQ:CVLT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,870 shares of the software maker’s stock, valued at approximately $389,000.

Other large investors have also recently bought and sold shares of the company. Amalgamated Bank increased its holdings in shares of Commvault Systems by 0.6% in the 4th quarter. Amalgamated Bank now owns 27,504 shares of the software maker’s stock valued at $2,196,000 after acquiring an additional 160 shares during the last quarter. M&T Bank Corp raised its position in Commvault Systems by 5.4% during the 4th quarter. M&T Bank Corp now owns 4,647 shares of the software maker’s stock worth $371,000 after buying an additional 240 shares during the last quarter. Quantedge Capital Pte Ltd lifted its stake in shares of Commvault Systems by 0.6% in the 4th quarter. Quantedge Capital Pte Ltd now owns 53,800 shares of the software maker’s stock worth $4,296,000 after acquiring an additional 300 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Commvault Systems by 28.5% in the third quarter. PNC Financial Services Group Inc. now owns 1,429 shares of the software maker’s stock valued at $97,000 after acquiring an additional 317 shares in the last quarter. Finally, Gladius Capital Management LP increased its stake in shares of Commvault Systems by 4.7% during the fourth quarter. Gladius Capital Management LP now owns 9,069 shares of the software maker’s stock worth $724,000 after acquiring an additional 403 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Insider Activity

In related news, Director Vivie Lee sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $112.19, for a total value of $280,475.00. Following the transaction, the director now owns 13,589 shares in the company, valued at $1,524,549.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Commvault Systems news, CFO Gary Merrill sold 661 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $110.58, for a total value of $73,093.38. Following the completion of the sale, the chief financial officer now owns 114,373 shares of the company’s stock, valued at $12,647,366.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Vivie Lee sold 2,500 shares of Commvault Systems stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $112.19, for a total transaction of $280,475.00. Following the sale, the director now owns 13,589 shares in the company, valued at approximately $1,524,549.91. The disclosure for this sale can be found here. Insiders have sold 59,816 shares of company stock valued at $6,613,874 in the last three months. Corporate insiders own 1.00% of the company’s stock.

Commvault Systems Stock Performance

Commvault Systems stock opened at $118.06 on Wednesday. Commvault Systems, Inc. has a fifty-two week low of $63.70 and a fifty-two week high of $119.72. The firm has a market capitalization of $5.12 billion, a price-to-earnings ratio of 31.40 and a beta of 0.60. The stock’s fifty day moving average is $106.83 and its two-hundred day moving average is $94.86.

Commvault Systems (NASDAQ:CVLT) last released its quarterly earnings data on Tuesday, April 30th. The software maker reported $0.42 EPS for the quarter, topping the consensus estimate of $0.32 by $0.10. Commvault Systems had a net margin of 20.13% and a return on equity of 31.27%. The business had revenue of $223.29 million for the quarter, compared to analyst estimates of $213.00 million. As a group, sell-side analysts forecast that Commvault Systems, Inc. will post 1.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CVLT has been the topic of several recent analyst reports. Wells Fargo & Company boosted their target price on Commvault Systems from $125.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, May 16th. DA Davidson upped their price objective on Commvault Systems from $125.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, June 14th. KeyCorp raised their target price on Commvault Systems from $109.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Royal Bank of Canada upped their price target on shares of Commvault Systems from $97.00 to $112.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 1st. Finally, Lake Street Capital raised their price objective on shares of Commvault Systems from $86.00 to $98.00 and gave the company a “hold” rating in a research note on Wednesday, May 1st. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $121.40.

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.