B. Metzler seel. Sohn & Co. AG acquired a new stake in shares of Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 10,491 shares of the software maker's stock, valued at approximately $1,583,000.
A number of other institutional investors have also recently made changes to their positions in the business. Virtu Financial LLC raised its holdings in shares of Commvault Systems by 63.9% in the fourth quarter. Virtu Financial LLC now owns 8,243 shares of the software maker's stock worth $1,244,000 after buying an additional 3,214 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Commvault Systems by 0.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 632,870 shares of the software maker's stock valued at $95,506,000 after purchasing an additional 4,957 shares during the last quarter. Centiva Capital LP increased its holdings in shares of Commvault Systems by 193.2% in the third quarter. Centiva Capital LP now owns 8,567 shares of the software maker's stock valued at $1,318,000 after purchasing an additional 5,645 shares during the period. Banco Santander S.A. purchased a new position in shares of Commvault Systems in the fourth quarter worth about $833,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Commvault Systems during the fourth quarter worth about $367,000. Institutional investors and hedge funds own 93.50% of the company's stock.
Insider Activity at Commvault Systems
In other Commvault Systems news, CEO Sanjay Mirchandani sold 12,318 shares of the firm's stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 427,231 shares of the company's stock, valued at $79,447,876.76. This trade represents a 2.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gary Merrill sold 3,287 shares of the business's 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 transaction, the insider now directly owns 87,316 shares in the company, valued at approximately $16,322,853.04. The trade was a 3.63 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.00% of the company's stock.
Commvault Systems Trading Down 0.2 %
CVLT stock traded down $0.22 during mid-day trading on Monday, reaching $139.13. The company's stock had a trading volume of 225,855 shares, compared to its average volume of 398,889. The company's 50 day moving average is $165.87 and its two-hundred day moving average is $161.97. Commvault Systems, Inc. has a fifty-two week low of $93.48 and a fifty-two week high of $190.11. The stock has a market cap of $6.12 billion, a PE ratio of 36.62 and a beta of 0.68.
Wall Street Analysts Forecast Growth
CVLT has been the topic of several analyst reports. William Blair raised Commvault Systems from a "market perform" rating to an "outperform" rating in a report on Thursday, January 30th. KeyCorp raised their target price on Commvault Systems from $192.00 to $195.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. StockNews.com upgraded Commvault Systems from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. Guggenheim restated a "neutral" rating on shares of Commvault Systems in a research report on Wednesday, January 29th. Finally, Cantor Fitzgerald boosted their price target on shares of Commvault Systems from $159.00 to $173.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $156.44.
Read Our Latest Stock Analysis on Commvault Systems
Commvault Systems Company Profile
(
Free Report)
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.
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