Illinois Municipal Retirement Fund acquired a new position in Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,857 shares of the software maker's stock, valued at approximately $733,000.
Other institutional investors have also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in Commvault Systems during the third quarter valued at $33,000. TFC Financial Management Inc. increased its holdings in 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 during the last quarter. Point72 DIFC Ltd bought a new stake in Commvault Systems in the 3rd quarter valued at about $71,000. TD Private Client Wealth LLC purchased a new stake in Commvault Systems during the third quarter valued at about $105,000. Finally, Blue Trust Inc. boosted its position in Commvault Systems by 37,400.0% during the fourth 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 period. Institutional investors own 93.50% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have issued reports on CVLT shares. Guggenheim reissued a "neutral" rating on shares of Commvault Systems in a report on Wednesday, January 29th. Cantor Fitzgerald lifted their price target on Commvault Systems from $159.00 to $173.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Oppenheimer began coverage on Commvault Systems in a report on Wednesday, November 13th. They set an "outperform" rating and a $200.00 price objective on the stock. William Blair raised Commvault Systems from a "market perform" rating to an "outperform" rating in a report on Thursday, January 30th. Finally, KeyCorp upped their price target on Commvault Systems from $192.00 to $195.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $156.44.
Read Our Latest Report on CVLT
Insiders Place Their Bets
In other Commvault Systems news, CEO Sanjay Mirchandani sold 12,318 shares of the business's stock in a transaction on 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 completion of the sale, the chief executive officer now directly 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 document filed with the SEC, which is available at the SEC website. Also, insider Gary Merrill sold 3,287 shares of Commvault Systems stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $186.94, for a total value of $614,471.78. Following the completion of the transaction, the insider now owns 87,316 shares in the company, 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. Corporate insiders own 1.00% of the company's stock.
Commvault Systems Trading Down 2.3 %
Shares of Commvault Systems stock traded down $3.67 on Friday, hitting $154.26. 532,763 shares of the company traded hands, compared to its average volume of 368,792. Commvault Systems, Inc. has a 12-month low of $93.48 and a 12-month high of $190.11. The firm's 50-day simple moving average is $165.26 and its 200 day simple moving average is $160.33. The company has a market cap of $6.79 billion, a P/E ratio of 40.49 and a beta of 0.65.
About Commvault Systems
(
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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