5,518 Shares in Commvault Systems, Inc. (NASDAQ:CVLT) Acquired by Banco Santander S.A.

Banco Santander S.A. acquired 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. The fund acquired 5,518 shares of the software maker's stock, valued at approximately $833,000.

Other hedge funds have also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new position in Commvault Systems during the 3rd quarter worth $33,000. TFC Financial Management Inc. boosted its holdings in Commvault Systems by 294.1% during the 4th quarter. TFC Financial Management Inc. now owns 402 shares of the software maker's stock worth $61,000 after acquiring an additional 300 shares during the last quarter. Point72 DIFC Ltd purchased a new position in Commvault Systems during the 3rd quarter worth $71,000. TD Private Client Wealth LLC purchased a new position in Commvault Systems during the 3rd quarter worth $105,000. Finally, Blue Trust Inc. raised its stake in shares of Commvault Systems by 37,400.0% during the 4th quarter. Blue Trust Inc. now owns 750 shares of the software maker's stock worth $113,000 after purchasing an additional 748 shares during the period. 93.50% of the stock is owned by hedge funds and other institutional investors.

Commvault Systems Trading Down 3.7 %

Shares of Commvault Systems stock traded down $5.78 on Monday, reaching $148.48. The stock had a trading volume of 748,207 shares, compared to its average volume of 370,542. Commvault Systems, Inc. has a 1 year low of $93.48 and a 1 year high of $190.11. The company has a market cap of $6.53 billion, a P/E ratio of 38.97 and a beta of 0.62. The business's 50 day moving average is $165.27 and its two-hundred day moving average is $160.50.

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Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CVLT. KeyCorp lifted their target price on Commvault Systems from $192.00 to $195.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. StockNews.com upgraded Commvault Systems from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. Guggenheim reiterated a "neutral" rating on shares of Commvault Systems in a research note on Wednesday, January 29th. William Blair upgraded Commvault Systems from a "market perform" rating to an "outperform" rating in a research note on Thursday, January 30th. Finally, Oppenheimer assumed coverage on Commvault Systems in a research note on Wednesday, November 13th. They set an "outperform" rating and a $200.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $156.44.

Insider Transactions at Commvault Systems

In related news, CEO Sanjay Mirchandani sold 12,318 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The shares were 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 directly owns 427,231 shares in the company, valued at approximately $79,447,876.76. This represents 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 accessible through the SEC website. Also, insider Gary Merrill sold 3,287 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $186.94, for a total transaction of $614,471.78. Following the completion of the transaction, the insider now owns 87,316 shares in the company, valued at approximately $16,322,853.04. This trade represents a 3.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.00% of the company's stock.

Commvault Systems 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.