Natixis Has $11.78 Million Holdings in Commvault Systems, Inc. (NASDAQ:CVLT)

Natixis lowered its stake in shares of Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 9.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 78,081 shares of the software maker's stock after selling 7,727 shares during the quarter. Natixis owned approximately 0.18% of Commvault Systems worth $11,783,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC lifted its stake in shares of Commvault Systems by 3.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,960 shares of the software maker's stock valued at $296,000 after acquiring an additional 66 shares during the period. CIBC Asset Management Inc lifted its position 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 purchasing an additional 75 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Commvault Systems by 4.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,439 shares of the software maker's stock valued at $368,000 after purchasing an additional 93 shares during the last quarter. Mariner LLC boosted its stake in shares of Commvault Systems by 3.7% in the 4th quarter. Mariner LLC now owns 3,310 shares of the software maker's stock valued at $500,000 after purchasing an additional 118 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of 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 buying an additional 121 shares during the period. Institutional investors and hedge funds own 93.50% of the company's stock.

Commvault Systems Price Performance

CVLT traded up $9.58 during trading on Thursday, reaching $163.32. The company had a trading volume of 457,862 shares, compared to its average volume of 409,711. The company has a market cap of $7.19 billion, a P/E ratio of 42.87 and a beta of 0.68. Commvault Systems, Inc. has a 12 month low of $95.57 and a 12 month high of $190.11. The business's fifty day moving average price is $160.16 and its 200 day moving average price is $161.52.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CVLT. Piper Sandler reduced their price objective on shares of Commvault Systems from $154.00 to $147.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. William Blair upgraded Commvault Systems from a "market perform" rating to an "outperform" rating in a research report on Thursday, January 30th. StockNews.com upgraded Commvault Systems from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. Guggenheim restated a "neutral" rating on shares of Commvault Systems in a report on Wednesday. Finally, Cantor Fitzgerald boosted their target price on Commvault Systems from $159.00 to $173.00 and gave the stock a "neutral" rating in a research 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 company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $158.00.

Insider Activity at Commvault Systems

In other Commvault Systems news, CEO Sanjay Mirchandani sold 12,318 shares of the business's stock in a transaction that occurred 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 sale, the chief executive officer now owns 427,231 shares in the company, valued at approximately $79,447,876.76. The trade was a 2.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 value of $614,471.78. Following the transaction, the insider now directly owns 87,316 shares of the company's stock, valued at approximately $16,322,853.04. This trade represents a 3.63 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

About Commvault Systems

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.