Fuller & Thaler Asset Management Inc. Raises Position in Commvault Systems, Inc. (NASDAQ:CVLT)

Fuller & Thaler Asset Management Inc. increased its holdings in shares of Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 14.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 517,273 shares of the software maker's stock after acquiring an additional 65,822 shares during the period. Fuller & Thaler Asset Management Inc. owned approximately 1.18% of Commvault Systems worth $78,062,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Virtu Financial LLC boosted its holdings in Commvault Systems by 63.9% in the 4th quarter. Virtu Financial LLC now owns 8,243 shares of the software maker's stock worth $1,244,000 after buying an additional 3,214 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Commvault Systems by 0.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 632,870 shares of the software maker's stock worth $95,506,000 after acquiring an additional 4,957 shares during the last quarter. Banco Santander S.A. purchased a new stake in shares of Commvault Systems during the fourth quarter worth approximately $833,000. New Age Alpha Advisors LLC purchased a new position in Commvault Systems in the 4th quarter valued at $1,387,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in Commvault Systems during the 4th quarter worth $367,000. Hedge funds and other institutional investors own 93.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CVLT. Guggenheim reissued a "neutral" rating on shares of Commvault Systems in a research note on Wednesday, April 23rd. Piper Sandler lowered their target price on Commvault Systems from $154.00 to $147.00 and set a "neutral" rating on the stock in a report 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 raised Commvault Systems from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. Finally, Cantor Fitzgerald raised their target price on Commvault Systems from $159.00 to $173.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Commvault Systems currently has an average rating of "Moderate Buy" and a consensus target price of $158.00.

Insider Activity

In related news, insider Gary Merrill sold 3,287 shares of the business's stock in a transaction 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 sale, the insider now owns 87,316 shares in the company, valued at approximately $16,322,853.04. The trade was a 3.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sanjay Mirchandani sold 12,318 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly 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 disclosure for this sale can be found here. Insiders own 1.00% of the company's stock.

Commvault Systems Trading Up 0.3 %

CVLT traded up $0.45 on Monday, hitting $165.96. The company had a trading volume of 631,990 shares, compared to its average volume of 412,706. The firm has a market cap of $7.30 billion, a P/E ratio of 43.56 and a beta of 0.68. The company's fifty day moving average price is $159.28 and its 200 day moving average price is $161.65. Commvault Systems, Inc. has a 1 year low of $97.63 and a 1 year high of $190.11.

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.