Farringdon Capital Ltd. Invests $269,000 in Commvault Systems, Inc. (NASDAQ:CVLT)

Farringdon Capital Ltd. bought a new stake in Commvault Systems, Inc. (NASDAQ:CVLT) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,781 shares of the software maker’s stock, valued at approximately $269,000.

Other large investors also recently bought and sold shares of the company. Invesco Ltd. grew its stake in shares of 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 buying an additional 607,643 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Commvault Systems by 604.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 647,525 shares of the software maker’s stock worth $98,479,000 after acquiring an additional 555,656 shares in the last quarter. Norges Bank bought a new stake in Commvault Systems during the fourth quarter worth approximately $79,619,000. WCM Investment Management LLC bought a new stake in shares of Commvault Systems in the 4th quarter valued at approximately $10,303,000. Finally, Sei Investments Co. boosted its holdings in shares of Commvault Systems by 63.9% in the 4th quarter. Sei Investments Co. now owns 157,111 shares of the software maker’s stock worth $23,708,000 after purchasing an additional 61,243 shares during the period. Institutional investors own 93.50% of the company’s stock.

Analysts Set New Price Targets

CVLT has been the subject of a number of analyst reports. Piper Sandler lowered their price target on Commvault Systems from $154.00 to $147.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Guggenheim reissued a “neutral” rating on shares of Commvault Systems 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 note on Thursday, January 30th. Cantor Fitzgerald upped their target price on Commvault Systems from $159.00 to $173.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Finally, KeyCorp dropped their price objective on Commvault Systems from $195.00 to $185.00 and set an “overweight” rating for the company in a report on Thursday. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.00.

Commvault Systems Stock Performance

NASDAQ:CVLT opened at $149.74 on Friday. The firm has a 50-day simple moving average of $162.17 and a 200-day simple moving average of $161.57. Commvault Systems, Inc. has a one year low of $93.48 and a one year high of $190.11. The firm has a market cap of $6.59 billion, a P/E ratio of 39.30 and a beta of 0.68.

Insiders Place Their Bets

In other Commvault Systems news, 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 transaction, the chief executive officer now owns 427,231 shares in the company, valued at $79,447,876.76. The trade was a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gary Merrill sold 3,287 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $186.94, for a total transaction of $614,471.78. Following the sale, the insider now directly 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 ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

Commvault Systems Company Profile

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.