New Age Alpha Advisors LLC purchased a new position in shares of Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 9,189 shares of the software maker's stock, valued at approximately $1,387,000.
A number of other hedge funds have also bought and sold shares of the company. Citigroup Inc. lifted its holdings in Commvault Systems by 146.0% during the 3rd quarter. Citigroup Inc. now owns 47,867 shares of the software maker's stock worth $7,364,000 after buying an additional 28,408 shares during the last quarter. Cerity Partners LLC acquired a new stake in shares of Commvault Systems during the 3rd quarter valued at approximately $506,000. FMR LLC lifted its stake in Commvault Systems by 26.1% during the third quarter. FMR LLC now owns 466,315 shares of the software maker's stock worth $71,743,000 after purchasing an additional 96,525 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Commvault Systems by 5.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,607 shares of the software maker's stock worth $3,017,000 after purchasing an additional 969 shares during the period. Finally, Capstone Investment Advisors LLC bought a new stake in Commvault Systems during the third quarter valued at $240,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms have recently commented on CVLT. Cantor Fitzgerald lifted their price target on shares of Commvault Systems from $159.00 to $173.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. KeyCorp lifted their target price on Commvault Systems from $192.00 to $195.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. StockNews.com upgraded Commvault Systems from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. Guggenheim reissued a "neutral" rating on shares of Commvault Systems in a report on Wednesday, January 29th. Finally, William Blair upgraded Commvault Systems from a "market perform" rating to an "outperform" rating in a research note on Thursday, January 30th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Commvault Systems currently has a consensus rating of "Moderate Buy" and a consensus target price of $156.44.
View Our Latest Research Report on Commvault Systems
Insider Transactions at Commvault Systems
In related news, CEO Sanjay Mirchandani sold 12,318 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $185.96, for a total transaction of $2,290,655.28. Following the completion of the sale, the chief executive officer now directly owns 427,231 shares in the company, valued at approximately $79,447,876.76. This trade represents a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Gary Merrill sold 3,287 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were 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 directly owns 87,316 shares in the company, valued at $16,322,853.04. This represents a 3.63 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.00% of the company's stock.
Commvault Systems Trading Down 8.9 %
NASDAQ:CVLT traded down $13.54 during midday trading on Friday, hitting $139.35. 807,317 shares of the stock were exchanged, compared to its average volume of 399,226. The company has a market capitalization of $6.13 billion, a price-to-earnings ratio of 36.57 and a beta of 0.62. Commvault Systems, Inc. has a one year low of $93.48 and a one year high of $190.11. The business has a 50-day moving average price of $165.87 and a two-hundred day moving average price of $161.79.
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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