Commvault Systems, Inc. (NASDAQ:CVLT) Holdings Raised by Legato Capital Management LLC

Legato Capital Management LLC lifted its holdings in shares of Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 28.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,245 shares of the software maker's stock after acquiring an additional 1,600 shares during the period. Legato Capital Management LLC's holdings in Commvault Systems were worth $1,093,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CVLT. Wedge Capital Management L L P NC grew its position in Commvault Systems by 5.5% in the 3rd quarter. Wedge Capital Management L L P NC now owns 18,811 shares of the software maker's stock valued at $2,894,000 after buying an additional 989 shares during the last quarter. Creative Planning grew its position in Commvault Systems by 66.0% in the 3rd quarter. Creative Planning now owns 12,150 shares of the software maker's stock valued at $1,869,000 after buying an additional 4,829 shares during the last quarter. Kapitalo Investimentos Ltda grew its position in Commvault Systems by 20.8% in the 3rd quarter. Kapitalo Investimentos Ltda now owns 2,758 shares of the software maker's stock valued at $424,000 after buying an additional 474 shares during the last quarter. Vontobel Holding Ltd. purchased a new position in Commvault Systems in the 3rd quarter valued at $1,126,000. Finally, Ellsworth Advisors LLC grew its position in Commvault Systems by 4.4% in the 3rd quarter. Ellsworth Advisors LLC now owns 4,252 shares of the software maker's stock valued at $654,000 after buying an additional 181 shares during the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Commvault Systems Stock Performance

CVLT stock traded up $1.36 during trading on Friday, hitting $184.91. The stock had a trading volume of 431,739 shares, compared to its average volume of 518,239. The company's 50 day moving average price is $162.92 and its two-hundred day moving average price is $157.85. Commvault Systems, Inc. has a 1-year low of $90.32 and a 1-year high of $186.52. The stock has a market cap of $8.14 billion, a price-to-earnings ratio of 48.53 and a beta of 0.65.

Insider Buying and Selling at Commvault Systems

In other Commvault Systems news, CEO Sanjay Mirchandani sold 10,775 shares of Commvault Systems stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $165.30, for a total value of $1,781,107.50. Following the completion of the sale, the chief executive officer now owns 459,969 shares in the company, valued at $76,032,875.70. The trade was a 2.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Gary Merrill sold 1,523 shares of Commvault Systems stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $164.89, for a total value of $251,127.47. Following the completion of the sale, the insider now owns 93,007 shares of the company's stock, valued at $15,335,924.23. This trade represents a 1.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,530 shares of company stock worth $2,244,755 in the last 90 days. 1.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on CVLT. Oppenheimer assumed coverage on shares of Commvault Systems in a research report on Wednesday, November 13th. They issued an "outperform" rating and a $200.00 price objective on the stock. Royal Bank of Canada boosted their target price on shares of Commvault Systems from $164.00 to $182.00 and gave the stock a "sector perform" rating in a research report on Wednesday, October 30th. Guggenheim restated a "neutral" rating on shares of Commvault Systems in a research report on Wednesday, January 29th. KeyCorp lifted their price target on Commvault Systems from $192.00 to $195.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. Finally, StockNews.com downgraded Commvault Systems from a "strong-buy" rating to a "buy" rating in a research note on Thursday, January 16th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Commvault Systems presently has a consensus rating of "Moderate Buy" and an average target price of $156.44.

Commvault Systems 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.