Handelsbanken Fonder AB Increases Stock Position in Commvault Systems, Inc. (NASDAQ:CVLT)

Handelsbanken Fonder AB raised its position in Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 17.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 10,530 shares of the software maker's stock after purchasing an additional 1,600 shares during the period. Handelsbanken Fonder AB's holdings in Commvault Systems were worth $1,589,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its holdings in Commvault Systems by 3.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,960 shares of the software maker's stock worth $296,000 after purchasing an additional 66 shares during the last quarter. CIBC Asset Management Inc raised its holdings in Commvault Systems by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 1,413 shares of the software maker's stock valued at $213,000 after acquiring an additional 75 shares during the period. GAMMA Investing LLC lifted its holdings in Commvault Systems by 13.7% during the 4th quarter. GAMMA Investing LLC now owns 1,006 shares of the software maker's stock worth $152,000 after purchasing an additional 121 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in shares of Commvault Systems by 1.0% in the fourth quarter. New York State Common Retirement Fund now owns 13,713 shares of the software maker's stock worth $2,069,000 after buying an additional 141 shares in the last quarter. Finally, OLD National Bancorp IN grew its position in shares of Commvault Systems by 7.1% during the 4th quarter. OLD National Bancorp IN now owns 2,187 shares of the software maker's stock valued at $330,000 after purchasing an additional 145 shares in the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

CVLT has been the topic of several research analyst reports. Guggenheim restated a "neutral" rating on shares of Commvault Systems in a research report on Wednesday, January 29th. KeyCorp lifted their price target on Commvault Systems from $192.00 to $195.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. William Blair upgraded shares of Commvault Systems from a "market perform" rating to an "outperform" rating in a report on Thursday, January 30th. StockNews.com raised shares of Commvault Systems from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. Finally, Oppenheimer began coverage on shares of Commvault Systems in a research note on Wednesday, November 13th. They issued 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 given a buy rating to the company's stock. According to data from MarketBeat.com, Commvault Systems has an average rating of "Moderate Buy" and a consensus price target of $156.44.

Commvault Systems Stock Performance

Shares of NASDAQ CVLT traded up $1.93 during trading on Friday, hitting $170.56. The company had a trading volume of 443,249 shares, compared to its average volume of 511,258. Commvault Systems, Inc. has a 12 month low of $93.48 and a 12 month high of $190.11. The firm has a market capitalization of $7.50 billion, a P/E ratio of 44.77 and a beta of 0.65. The stock has a 50 day simple moving average of $164.74 and a 200 day simple moving average of $160.01.

Insider Transactions at Commvault Systems

In other Commvault Systems news, CEO Sanjay Mirchandani sold 12,318 shares of the stock in a transaction 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 trade 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 available through this link. Also, insider Gary Merrill sold 3,287 shares of the business's stock in a transaction dated 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 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. Corporate insiders own 1.00% of the company's stock.

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.