Lingohr Asset Management GmbH bought a new position in Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,957 shares of the software maker's stock, valued at approximately $447,000.
Other large investors have also recently made changes to their positions in the company. Nisa Investment Advisors LLC grew its holdings in shares of Commvault Systems by 3.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,960 shares of the software maker's stock worth $296,000 after acquiring an additional 66 shares during the period. CIBC Asset Management Inc lifted its position in Commvault Systems by 5.6% during the fourth quarter. CIBC Asset Management Inc now owns 1,413 shares of the software maker's stock valued at $213,000 after buying an additional 75 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Commvault Systems by 4.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,439 shares of the software maker's stock valued at $368,000 after buying an additional 93 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Commvault Systems by 13.7% in 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 during the period. Finally, New York State Common Retirement Fund increased its stake in shares of Commvault Systems by 1.0% in 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 acquiring an additional 141 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have commented on CVLT. William Blair raised Commvault Systems from a "market perform" rating to an "outperform" rating in a report on Thursday, January 30th. KeyCorp raised their target price on shares of Commvault Systems from $192.00 to $195.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Cantor Fitzgerald increased their price target on Commvault Systems from $159.00 to $173.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. StockNews.com raised Commvault Systems from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. Finally, Guggenheim reissued a "neutral" rating on shares of Commvault Systems in a report on Wednesday, January 29th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $156.44.
Get Our Latest Stock Analysis on CVLT
Insider Buying and Selling at Commvault Systems
In related news, insider Gary Merrill sold 3,287 shares of Commvault Systems stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $186.94, for a total transaction of $614,471.78. Following the transaction, 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 link. Also, CEO Sanjay Mirchandani sold 12,318 shares of the stock in a transaction on 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 completion of the sale, the chief executive officer now owns 427,231 shares of the company's stock, valued at $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 Price Performance
Shares of NASDAQ:CVLT traded up $7.65 during mid-day trading on Monday, reaching $169.17. 330,780 shares of the company traded hands, compared to its average volume of 373,122. The company's 50 day moving average price is $165.77 and its 200-day moving average price is $160.89. The firm has a market cap of $7.44 billion, a PE ratio of 44.40 and a beta of 0.62. Commvault Systems, Inc. has a 52 week low of $93.48 and a 52 week high of $190.11.
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.
Further Reading
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