Choreo LLC Sells 261 Shares of Commvault Systems, Inc. (NASDAQ:CVLT)

Choreo LLC decreased its holdings in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 5.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,196 shares of the software maker’s stock after selling 261 shares during the period. Choreo LLC’s holdings in Commvault Systems were worth $634,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in CVLT. Wedge Capital Management L L P NC boosted its holdings in shares of Commvault Systems by 5.5% during the 3rd quarter. Wedge Capital Management L L P NC now owns 18,811 shares of the software maker’s stock worth $2,894,000 after buying an additional 989 shares in the last quarter. Creative Planning lifted its position in shares of Commvault Systems by 66.0% during the 3rd quarter. Creative Planning now owns 12,150 shares of the software maker’s stock valued at $1,869,000 after acquiring an additional 4,829 shares during the period. Ulland Investment Advisors LLC boosted its stake in Commvault Systems by 16.1% during the third quarter. Ulland Investment Advisors LLC now owns 6,449 shares of the software maker’s stock worth $992,000 after acquiring an additional 893 shares in the last quarter. Kapitalo Investimentos Ltda grew its holdings in Commvault Systems by 20.8% in the third quarter. Kapitalo Investimentos Ltda now owns 2,758 shares of the software maker’s stock worth $424,000 after purchasing an additional 474 shares during the period. Finally, Vontobel Holding Ltd. bought a new stake in Commvault Systems in the third quarter valued at $1,126,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Guggenheim restated a “neutral” rating on shares of Commvault Systems in a research note on Wednesday, January 29th. Cantor Fitzgerald raised their price objective on Commvault Systems from $159.00 to $173.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. William Blair upgraded Commvault Systems from a “market perform” rating to an “outperform” rating in a report on Thursday, January 30th. Royal Bank of Canada increased their target price on Commvault Systems from $164.00 to $182.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. Finally, StockNews.com lowered shares of Commvault Systems from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 16th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Commvault Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.44.

Commvault Systems Price Performance

NASDAQ CVLT opened at $179.31 on Tuesday. The company has a fifty day moving average price of $162.11 and a 200-day moving average price of $156.27. The firm has a market cap of $7.89 billion, a price-to-earnings ratio of 47.06 and a beta of 0.65. Commvault Systems, Inc. has a 1 year low of $90.32 and a 1 year high of $181.51.

Insider Buying and Selling

In other news, Director Allison Pickens sold 1,232 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $172.50, for a total value of $212,520.00. Following the transaction, the director now owns 5,899 shares in the company, valued at $1,017,577.50. The trade was a 17.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sanjay Mirchandani sold 10,775 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $165.30, for a total value of $1,781,107.50. Following the sale, the chief executive officer now directly owns 459,969 shares of the company’s stock, valued at $76,032,875.70. The trade was a 2.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,530 shares of company stock worth $2,244,755. 1.00% of the stock is owned by 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.