Invesco Ltd. increased its position in shares of Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 57.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,660,108 shares of the software maker's stock after purchasing an additional 607,643 shares during the quarter. Invesco Ltd. owned 3.77% of Commvault Systems worth $250,527,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of CVLT. Nisa Investment Advisors LLC increased its stake in Commvault Systems by 3.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,960 shares of the software maker's stock valued at $296,000 after acquiring an additional 66 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Commvault Systems by 5.6% in the 4th quarter. CIBC Asset Management Inc now owns 1,413 shares of the software maker's stock valued at $213,000 after purchasing an additional 75 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Commvault Systems by 4.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,439 shares of the software maker's stock valued at $368,000 after purchasing an additional 93 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Commvault Systems by 13.7% during the 4th quarter. GAMMA Investing LLC now owns 1,006 shares of the software maker's stock worth $152,000 after buying an additional 121 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its position in shares of Commvault Systems by 1.0% during the 4th quarter. New York State Common Retirement Fund now owns 13,713 shares of the software maker's stock worth $2,069,000 after buying an additional 141 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Commvault Systems
In related 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 transaction, the chief executive officer now owns 427,231 shares in the company, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gary Merrill sold 3,287 shares of the 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 sale, the insider now owns 87,316 shares of the company's stock, valued at approximately $16,322,853.04. The trade was a 3.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.
Commvault Systems Stock Down 1.0 %
Shares of NASDAQ CVLT traded down $1.48 during trading on Wednesday, reaching $153.03. The company had a trading volume of 95,886 shares, compared to its average volume of 402,631. Commvault Systems, Inc. has a 12 month low of $93.48 and a 12 month high of $190.11. The stock has a market cap of $6.73 billion, a P/E ratio of 40.17 and a beta of 0.68. The company's fifty day moving average price is $163.83 and its 200-day moving average price is $161.68.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on CVLT shares. StockNews.com raised shares of Commvault Systems from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. Guggenheim reissued a "neutral" rating on shares of Commvault Systems in a research note on Wednesday, January 29th. William Blair raised shares of Commvault Systems from a "market perform" rating to an "outperform" rating in a research note on Thursday, January 30th. Cantor Fitzgerald increased their price target on Commvault Systems from $159.00 to $173.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Finally, KeyCorp raised their price objective on Commvault Systems from $192.00 to $195.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, Commvault Systems presently has a consensus rating of "Moderate Buy" and an average price target of $159.11.
View Our Latest Stock 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.
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