Advisors Preferred LLC Acquires New Holdings in Commvault Systems, Inc. (NASDAQ:CVLT)

Advisors Preferred LLC purchased a new position in shares of Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,255 shares of the software maker's stock, valued at approximately $799,000.

Other institutional investors have also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new stake in shares of Commvault Systems in the third quarter valued at approximately $33,000. Point72 DIFC Ltd bought a new stake in shares of Commvault Systems during the 3rd quarter valued at $71,000. Signaturefd LLC grew its holdings in shares of Commvault Systems by 43.9% during the 3rd quarter. Signaturefd LLC now owns 590 shares of the software maker's stock worth $91,000 after purchasing an additional 180 shares in the last quarter. TD Private Client Wealth LLC bought a new position in shares of Commvault Systems in the third quarter worth $105,000. Finally, Blue Trust Inc. lifted its holdings in shares of Commvault Systems by 38,400.0% during the 4th quarter. Blue Trust Inc. now owns 770 shares of the software maker's stock worth $118,000 after acquiring an additional 768 shares during the period. Institutional investors own 93.50% of the company's stock.

Wall Street Analysts Forecast Growth

CVLT has been the topic of several research reports. Cantor Fitzgerald boosted their price target on Commvault Systems from $159.00 to $173.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. StockNews.com cut shares of Commvault Systems from a "strong-buy" rating to a "buy" rating in a research report on Thursday, January 16th. Royal Bank of Canada lifted their price target on Commvault Systems from $164.00 to $182.00 and gave the company a "sector perform" rating in a research note on Wednesday, October 30th. KeyCorp upped their target price on Commvault Systems from $192.00 to $195.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. Finally, William Blair upgraded Commvault Systems from a "market perform" rating to an "outperform" rating in a research note on Thursday, January 30th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $156.44.

Insider Activity at Commvault Systems

In related news, Director Allison Pickens sold 1,232 shares of Commvault Systems stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $172.50, for a total transaction of $212,520.00. Following the sale, the director now directly owns 5,899 shares in the company, valued at $1,017,577.50. The trade was a 17.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sanjay Mirchandani sold 10,775 shares of the company's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $165.30, for a total transaction of $1,781,107.50. Following the completion of the sale, the chief executive officer now owns 459,969 shares in the company, valued at approximately $76,032,875.70. This trade represents a 2.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,530 shares of company stock worth $2,244,755 over the last quarter. Corporate insiders own 1.00% of the company's stock.

Commvault Systems Trading Up 0.0 %

Shares of CVLT stock traded up $0.01 during trading hours on Wednesday, reaching $178.55. The company's stock had a trading volume of 549,853 shares, compared to its average volume of 521,141. Commvault Systems, Inc. has a one year low of $90.32 and a one year high of $181.51. The stock has a market capitalization of $7.86 billion, a P/E ratio of 46.86 and a beta of 0.65. The firm's fifty day simple moving average is $162.44 and its 200 day simple moving average is $157.05.

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.