Commvault Systems, Inc. (NASDAQ:CVLT - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $190.11 and last traded at $187.90, with a volume of 531498 shares trading hands. The stock had previously closed at $184.91.
Wall Street Analyst Weigh In
CVLT has been the topic of several research reports. Oppenheimer initiated coverage on shares of Commvault Systems in a research report on Wednesday, November 13th. They issued an "outperform" rating and a $200.00 price target on the stock. Cantor Fitzgerald boosted their price target on shares of Commvault Systems from $159.00 to $173.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. StockNews.com lowered shares of Commvault Systems from a "buy" rating to a "hold" rating in a report on Monday. William Blair raised shares of Commvault Systems from a "market perform" rating to an "outperform" rating in a report on Thursday, January 30th. Finally, Royal Bank of Canada upped their target price on shares of Commvault Systems from $164.00 to $182.00 and gave the stock a "sector perform" rating in a report on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $156.44.
Check Out Our Latest Stock Report on CVLT
Commvault Systems Trading Down 7.7 %
The stock's fifty day moving average price is $163.97 and its 200 day moving average price is $158.89. The stock has a market cap of $7.51 billion, a P/E ratio of 44.78 and a beta of 0.65.
Insider Activity
In other news, Director Allison Pickens sold 1,232 shares of the company's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $172.50, for a total value of $212,520.00. Following the completion of the sale, the director now owns 5,899 shares of the company's stock, valued at approximately $1,017,577.50. This represents a 17.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Commvault Systems
Several institutional investors have recently added to or reduced their stakes in the company. Quarry LP raised its holdings in Commvault Systems by 888.2% in the 4th quarter. Quarry LP now owns 168 shares of the software maker's stock worth $25,000 after purchasing an additional 151 shares in the last quarter. Capital Performance Advisors LLP bought a new position in Commvault Systems in the 3rd quarter worth $33,000. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of Commvault Systems by 409.0% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 341 shares of the software maker's stock worth $51,000 after acquiring an additional 274 shares in the last quarter. TFC Financial Management Inc. increased its stake in shares of Commvault Systems by 294.1% in the 4th quarter. TFC Financial Management Inc. now owns 402 shares of the software maker's stock worth $61,000 after acquiring an additional 300 shares in the last quarter. Finally, Point72 DIFC Ltd bought a new position in shares of Commvault Systems in the 3rd quarter worth about $71,000. Hedge funds and other institutional investors own 93.50% of the company's stock.
About Commvault Systems
(
Get 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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