Congress Asset Management Co. Has $78.53 Million Position in Commvault Systems, Inc. (NASDAQ:CVLT)

Congress Asset Management Co. raised its stake in Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 5.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 520,378 shares of the software maker's stock after buying an additional 28,216 shares during the quarter. Congress Asset Management Co. owned 1.19% of Commvault Systems worth $78,530,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC increased its holdings in shares of Commvault Systems by 3.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,960 shares of the software maker's stock worth $296,000 after acquiring an additional 66 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Commvault Systems by 13.7% in the fourth quarter. GAMMA Investing LLC now owns 1,006 shares of the software maker's stock worth $152,000 after acquiring an additional 121 shares in the last quarter. OLD National Bancorp IN increased its holdings in shares of Commvault Systems by 7.1% in the fourth quarter. OLD National Bancorp IN now owns 2,187 shares of the software maker's stock worth $330,000 after acquiring an additional 145 shares in the last quarter. Lindenwold Advisors INC increased its holdings in shares of Commvault Systems by 2.4% in the third quarter. Lindenwold Advisors INC now owns 7,028 shares of the software maker's stock worth $1,081,000 after acquiring an additional 164 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in shares of Commvault Systems by 43.9% in the third quarter. Signaturefd LLC now owns 590 shares of the software maker's stock worth $91,000 after acquiring an additional 180 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company's stock.

Insider Transactions at Commvault Systems

In related news, Director Allison Pickens sold 1,232 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $172.50, for a total value of $212,520.00. Following the sale, the director now owns 5,899 shares in the company, valued at approximately $1,017,577.50. This represents a 17.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CVLT shares. StockNews.com downgraded Commvault Systems from a "buy" rating to a "hold" rating in a report on Monday. Cantor Fitzgerald increased their price target on Commvault Systems from $159.00 to $173.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Guggenheim reiterated a "neutral" rating on shares of Commvault Systems in a report on Wednesday, January 29th. William Blair upgraded Commvault Systems from a "market perform" rating to an "outperform" rating in a research note on Thursday, January 30th. Finally, KeyCorp upped their price target on Commvault Systems from $192.00 to $195.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $156.44.

Commvault Systems Stock Performance

CVLT traded down $1.88 during trading on Wednesday, reaching $186.02. 538,289 shares of the stock were exchanged, compared to its average volume of 518,603. The stock's 50 day moving average price is $163.18 and its two-hundred day moving average price is $158.15. Commvault Systems, Inc. has a twelve month low of $90.32 and a twelve month high of $190.11. The stock has a market cap of $8.18 billion, a P/E ratio of 48.82 and a beta of 0.65.

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.