Commvault Systems, Inc. (NASDAQ:CVLT) Shares Acquired by Barclays PLC

Barclays PLC boosted its holdings in shares of Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 25.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 108,484 shares of the software maker's stock after acquiring an additional 22,049 shares during the quarter. Barclays PLC owned about 0.25% of Commvault Systems worth $16,373,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. TFC Financial Management Inc. increased its position in shares of 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 purchasing an additional 300 shares during the last quarter. Blue Trust Inc. boosted its stake in Commvault Systems by 37,400.0% during the fourth quarter. Blue Trust Inc. now owns 750 shares of the software maker's stock worth $113,000 after buying an additional 748 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Commvault Systems during the fourth quarter valued at about $127,000. GAMMA Investing LLC raised its stake in shares of Commvault Systems by 13.7% in the 4th quarter. GAMMA Investing LLC now owns 1,006 shares of the software maker's stock valued at $152,000 after acquiring an additional 121 shares during the period. Finally, AlphaQuest LLC lifted its holdings in shares of Commvault Systems by 69.1% in the 4th quarter. AlphaQuest LLC now owns 1,023 shares of the software maker's stock worth $154,000 after acquiring an additional 418 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company's stock.

Commvault Systems Price Performance

Shares of CVLT stock traded up $4.14 during trading hours on Wednesday, reaching $153.74. 417,239 shares of the stock were exchanged, compared to its average volume of 408,590. The business's fifty day moving average is $160.78 and its two-hundred day moving average is $161.57. The firm has a market capitalization of $6.76 billion, a P/E ratio of 40.35 and a beta of 0.68. Commvault Systems, Inc. has a 12-month low of $95.14 and a 12-month high of $190.11.

Analysts Set New Price Targets

A number of brokerages have issued reports on CVLT. KeyCorp cut their target price on Commvault Systems from $195.00 to $185.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. William Blair raised Commvault Systems from a "market perform" rating to an "outperform" rating in a research note on Thursday, January 30th. Cantor Fitzgerald raised their target price on Commvault Systems from $159.00 to $173.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. StockNews.com upgraded shares of Commvault Systems from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. Finally, Piper Sandler lowered their price objective on shares of Commvault Systems from $154.00 to $147.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $158.00.

Insiders Place Their Bets

In related news, insider Gary Merrill sold 3,287 shares of the business'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 sale, the insider now owns 87,316 shares in the company, valued at $16,322,853.04. The trade was a 3.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sanjay Mirchandani sold 12,318 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $185.96, for a total transaction of $2,290,655.28. Following the completion of the transaction, the chief executive officer now owns 427,231 shares in the company, valued at $79,447,876.76. This represents a 2.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently 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.