D. E. Shaw & Co. Inc. Sells 36,175 Shares of Commvault Systems, Inc. (NASDAQ:CVLT)

D. E. Shaw & Co. Inc. lowered its position in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 70.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,296 shares of the software maker’s stock after selling 36,175 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Commvault Systems were worth $2,308,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Commvault Systems by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 5,636,559 shares of the software maker’s stock worth $850,613,000 after acquiring an additional 54,562 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Commvault Systems by 1.3% in the 4th quarter. Renaissance Technologies LLC now owns 1,909,185 shares of the software maker’s stock worth $288,115,000 after acquiring an additional 24,900 shares during the last quarter. Invesco Ltd. raised its holdings in Commvault Systems by 57.7% in the 4th quarter. Invesco Ltd. now owns 1,660,108 shares of the software maker’s stock worth $250,527,000 after acquiring an additional 607,643 shares during the last quarter. Geode Capital Management LLC raised its holdings in Commvault Systems by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 1,288,068 shares of the software maker’s stock worth $194,681,000 after acquiring an additional 43,088 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Commvault Systems by 9.8% in the 4th quarter. Northern Trust Corp now owns 651,973 shares of the software maker’s stock worth $98,389,000 after acquiring an additional 58,239 shares during the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on CVLT. Wells Fargo & Company boosted their price objective on shares of Commvault Systems from $180.00 to $190.00 and gave the stock an “overweight” rating in a report on Wednesday, April 30th. Cantor Fitzgerald lifted their target price on shares of Commvault Systems from $159.00 to $173.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. William Blair raised shares of Commvault Systems from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 30th. Guggenheim reaffirmed a “neutral” rating on shares of Commvault Systems in a research report on Wednesday, April 23rd. Finally, KeyCorp cut their target price on shares of Commvault Systems from $195.00 to $185.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Commvault Systems has an average rating of “Moderate Buy” and a consensus target price of $175.25.

Insider Buying and Selling

In other Commvault Systems news, Director Nicola Adamo sold 1,500 shares of the business’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $169.74, for a total value of $254,610.00. Following the sale, the director now owns 16,178 shares in the company, valued at $2,746,053.72. The trade was a 8.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is currently owned by insiders.

Commvault Systems Price Performance

Shares of CVLT stock opened at $179.51 on Wednesday. Commvault Systems, Inc. has a 1 year low of $105.76 and a 1 year high of $190.11. The firm has a fifty day moving average price of $161.83 and a 200-day moving average price of $164.61. The company has a market cap of $7.92 billion, a price-to-earnings ratio of 47.12 and a beta of 0.71.

Commvault Systems (NASDAQ:CVLT) last issued its quarterly earnings data on Tuesday, April 29th. The software maker reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.10. The firm had revenue of $275.04 million during the quarter, compared to the consensus estimate of $262.52 million. Commvault Systems had a net margin of 18.14% and a return on equity of 28.69%. The company’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.79 EPS. Equities research analysts expect that Commvault Systems, Inc. will post 1.65 EPS for the current year.

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.