Los Angeles Capital Management LLC boosted its stake in shares of Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 31.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 36,322 shares of the software maker's stock after buying an additional 8,613 shares during the period. Los Angeles Capital Management LLC owned approximately 0.08% of Commvault Systems worth $5,481,000 as of its most recent filing with the SEC.
Several other institutional investors have also added to or reduced their stakes in the stock. Raymond James & Associates grew its position in Commvault Systems by 58.1% in the third quarter. Raymond James & Associates now owns 15,410 shares of the software maker's stock valued at $2,371,000 after purchasing an additional 5,661 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Commvault Systems during the 3rd quarter valued at $4,142,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Commvault Systems by 53.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,226 shares of the software maker's stock worth $496,000 after buying an additional 1,126 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Commvault Systems by 7.2% during the third quarter. State of Alaska Department of Revenue now owns 5,071 shares of the software maker's stock worth $780,000 after acquiring an additional 340 shares during the period. Finally, Diversify Advisory Services LLC bought a new stake in Commvault Systems in the 3rd quarter valued at $238,000. 93.50% of the stock is owned by institutional investors.
Commvault Systems Stock Up 1.1 %
NASDAQ:CVLT traded up $1.93 during trading hours on Friday, hitting $170.56. 443,249 shares of the company traded hands, compared to its average volume of 511,258. Commvault Systems, Inc. has a one year low of $93.48 and a one year high of $190.11. The company has a market cap of $7.50 billion, a PE ratio of 44.77 and a beta of 0.65. The firm's 50-day simple moving average is $164.74 and its 200-day simple moving average is $160.01.
Insider Activity at Commvault Systems
In related news, insider Gary Merrill sold 3,287 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $186.94, for a total value of $614,471.78. Following the transaction, the insider now directly 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 position. The sale 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 firm's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $185.96, for a total transaction of $2,290,655.28. Following the sale, the chief executive officer now owns 427,231 shares of the company's stock, valued at $79,447,876.76. This trade represents a 2.80 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the stock. Guggenheim restated a "neutral" rating on shares of Commvault Systems in a research report on Wednesday, January 29th. KeyCorp increased 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. Oppenheimer began coverage on Commvault Systems in a report on Wednesday, November 13th. They issued an "outperform" rating and a $200.00 target price for the company. Cantor Fitzgerald increased their price objective on Commvault Systems from $159.00 to $173.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Finally, StockNews.com upgraded shares of Commvault Systems from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, Commvault Systems currently has an average rating of "Moderate Buy" and a consensus price target of $156.44.
Check Out Our Latest Analysis on Commvault Systems
Commvault Systems Company 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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