Amundi Sells 15,082 Shares of Commvault Systems, Inc. (NASDAQ:CVLT)

Amundi reduced its holdings in Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 23.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,230 shares of the software maker's stock after selling 15,082 shares during the quarter. Amundi owned 0.11% of Commvault Systems worth $7,768,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its holdings in shares of Commvault Systems by 4.0% during the fourth 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. Banco Santander S.A. purchased a new stake in shares of Commvault Systems in the 4th quarter valued at approximately $833,000. Edgestream Partners L.P. acquired a new position in Commvault Systems in the 4th quarter worth approximately $5,021,000. Callan Family Office LLC purchased a new position in Commvault Systems during the 4th quarter worth approximately $236,000. Finally, Raymond James Financial Inc. acquired a new stake in Commvault Systems during the 4th quarter valued at $2,815,000. 93.50% of the stock is owned by institutional investors and hedge funds.

Commvault Systems Trading Up 2.6 %

CVLT traded up $4.20 on Wednesday, hitting $165.29. 212,200 shares of the stock traded hands, compared to its average volume of 496,766. The business has a fifty day moving average price of $165.38 and a two-hundred day moving average price of $160.64. Commvault Systems, Inc. has a 52 week low of $93.48 and a 52 week high of $190.11. The firm has a market capitalization of $7.27 billion, a PE ratio of 43.38 and a beta of 0.62.

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Insider Activity

In related news, CEO Sanjay Mirchandani sold 12,318 shares of the company's stock in a transaction dated 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 sale, the chief executive officer now owns 427,231 shares of the company's stock, valued at $79,447,876.76. The trade was a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Gary Merrill sold 3,287 shares of the firm'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 transaction, the insider now owns 87,316 shares of the company's stock, valued at approximately $16,322,853.04. This 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 company insiders.

Analysts Set New Price Targets

Several analysts recently commented on CVLT shares. Guggenheim restated a "neutral" rating on shares of Commvault Systems in a report on Wednesday, January 29th. StockNews.com upgraded shares of Commvault Systems from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. William Blair upgraded Commvault Systems from a "market perform" rating to an "outperform" rating in a report on Thursday, January 30th. KeyCorp upped their target price on Commvault Systems from $192.00 to $195.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. Finally, Cantor Fitzgerald lifted their price target on Commvault Systems from $159.00 to $173.00 and gave the company a "neutral" rating in a 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. Based on data from MarketBeat.com, Commvault Systems has a consensus rating of "Moderate Buy" and an average price target of $156.44.

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.