Daiwa Securities Group Inc. purchased a new position in shares of Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,572 shares of the software maker's stock, valued at approximately $237,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. TFC Financial Management Inc. increased its stake in shares of Commvault Systems by 294.1% during the 4th quarter. TFC Financial Management Inc. now owns 402 shares of the software maker's stock worth $61,000 after purchasing an additional 300 shares during the last quarter. Point72 DIFC Ltd acquired a new position in shares of Commvault Systems during the 3rd quarter worth about $71,000. TD Private Client Wealth LLC acquired a new position in shares of Commvault Systems during the 3rd quarter worth about $105,000. Blue Trust Inc. increased its stake in shares of Commvault Systems by 37,400.0% during the 4th quarter. Blue Trust Inc. now owns 750 shares of the software maker's stock worth $113,000 after purchasing an additional 748 shares during the last quarter. Finally, Centaurus Financial Inc. acquired a new position in shares of Commvault Systems during the 3rd quarter worth about $126,000. 93.50% of the stock is owned by institutional investors.
Insider Transactions at Commvault Systems
In other news, CEO Sanjay Mirchandani sold 12,318 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer now owns 427,231 shares of the company's stock, valued at approximately $79,447,876.76. This represents a 2.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 transaction of $614,471.78. Following the sale, 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.
Commvault Systems Trading Down 1.9 %
Shares of NASDAQ:CVLT traded down $3.18 on Thursday, reaching $162.21. 289,050 shares of the company's stock were exchanged, compared to its average volume of 370,614. The company has a fifty day moving average of $165.53 and a 200-day moving average of $160.68. Commvault Systems, Inc. has a twelve month low of $93.48 and a twelve month high of $190.11. The company has a market capitalization of $7.14 billion, a price-to-earnings ratio of 42.57 and a beta of 0.62.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the stock. StockNews.com upgraded shares of Commvault Systems from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. Guggenheim reiterated a "neutral" rating on shares of Commvault Systems in a research note on Wednesday, January 29th. Cantor Fitzgerald upped their price target on shares of Commvault Systems from $159.00 to $173.00 and gave the company a "neutral" 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 research note on Thursday, January 30th. Finally, KeyCorp upped their price target on shares of Commvault Systems from $192.00 to $195.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $156.44.
Get Our Latest Report on CVLT
Commvault Systems Profile
(
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.
Further Reading
Before you consider Commvault Systems, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Commvault Systems wasn't on the list.
While Commvault Systems currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
