Fox Run Management L.L.C. Purchases Shares of 3,618 Commvault Systems, Inc. (NASDAQ:CVLT)

Fox Run Management L.L.C. purchased a new position in shares of Commvault Systems, Inc. (NASDAQ:CVLT) during the 4th quarter, Holdings Channel.com reports. The fund purchased 3,618 shares of the software maker’s stock, valued at approximately $546,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. TFC Financial Management Inc. increased its holdings 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 during the last quarter. Point72 DIFC Ltd acquired a new position in shares of Commvault Systems during the 3rd quarter worth about $71,000. TD Private Client Wealth LLC bought a new stake in shares of Commvault Systems in the 3rd quarter valued at about $105,000. Blue Trust Inc. lifted its stake in 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 purchasing an additional 748 shares during the last quarter. Finally, Centaurus Financial Inc. bought a new position in Commvault Systems during the third quarter worth about $126,000. Institutional investors own 93.50% of the company’s stock.

Commvault Systems Trading Up 4.7 %

NASDAQ CVLT opened at $169.17 on Tuesday. The company has a market cap of $7.44 billion, a price-to-earnings ratio of 44.40 and a beta of 0.62. The company has a 50 day moving average of $166.03 and a 200-day moving average of $161.04. Commvault Systems, Inc. has a 1-year low of $93.48 and a 1-year high of $190.11.

Insider Buying and Selling at Commvault Systems

In related news, insider Gary Merrill sold 3,287 shares of Commvault Systems 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 transaction, the insider now directly owns 87,316 shares of the company’s stock, valued at $16,322,853.04. This trade represents a 3.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sanjay Mirchandani sold 12,318 shares of the business’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 transaction, the chief executive officer now owns 427,231 shares of the company’s stock, valued at approximately $79,447,876.76. This represents a 2.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

CVLT has been the subject of a number of recent analyst reports. Guggenheim reaffirmed a “neutral” rating on shares of Commvault Systems in a research report on Wednesday, January 29th. William Blair raised Commvault Systems from a “market perform” rating to an “outperform” rating in a report on Thursday, January 30th. KeyCorp upped their price objective on shares of Commvault Systems from $192.00 to $195.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. StockNews.com upgraded shares of Commvault Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. Finally, Cantor Fitzgerald upped 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. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Commvault Systems presently has an average 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.