Clearbridge Investments LLC decreased its holdings in Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 22.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,808 shares of the software maker's stock after selling 20,331 shares during the quarter. Clearbridge Investments LLC owned about 0.16% of Commvault Systems worth $10,384,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Cerity Partners LLC acquired a new stake in Commvault Systems during the 3rd quarter worth approximately $506,000. FMR LLC lifted its holdings in shares of Commvault Systems by 26.1% during the third quarter. FMR LLC now owns 466,315 shares of the software maker's stock worth $71,743,000 after purchasing an additional 96,525 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Commvault Systems by 5.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,607 shares of the software maker's stock valued at $3,017,000 after buying an additional 969 shares during the last quarter. Verition Fund Management LLC grew its position in Commvault Systems by 301.5% in the 3rd quarter. Verition Fund Management LLC now owns 6,725 shares of the software maker's stock valued at $1,035,000 after buying an additional 5,050 shares during the last quarter. Finally, Paloma Partners Management Co acquired a new position in Commvault Systems in the 3rd quarter valued at $238,000. Institutional investors and hedge funds own 93.50% of the company's stock.
Commvault Systems Price Performance
Commvault Systems stock traded up $2.73 during trading hours on Monday, hitting $142.08. The stock had a trading volume of 618,567 shares, compared to its average volume of 400,435. The stock has a market capitalization of $6.25 billion, a price-to-earnings ratio of 37.29 and a beta of 0.68. Commvault Systems, Inc. has a 1-year low of $93.48 and a 1-year high of $190.11. The stock's fifty day moving average is $165.55 and its two-hundred day moving average is $161.89.
Insider Activity at Commvault Systems
In related news, CEO Sanjay Mirchandani sold 12,318 shares of Commvault Systems stock in a transaction that occurred on Wednesday, February 19th. The stock was 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 directly owns 427,231 shares in the company, valued at $79,447,876.76. The trade was a 2.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Gary Merrill sold 3,287 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $186.94, for a total value of $614,471.78. Following the completion of the sale, 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. 1.00% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on CVLT. Cantor Fitzgerald lifted their target price on shares of Commvault Systems from $159.00 to $173.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. William Blair upgraded Commvault Systems from a "market perform" rating to an "outperform" rating in a research report on Thursday, January 30th. StockNews.com raised Commvault Systems from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. KeyCorp lifted their price target on Commvault Systems from $192.00 to $195.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. Finally, Guggenheim reiterated a "neutral" rating on shares of Commvault Systems in a research report on Wednesday, January 29th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, Commvault Systems has an average rating of "Moderate Buy" and a consensus target price of $156.44.
Read Our Latest Analysis on Commvault Systems
About Commvault Systems
(
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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