Oppenheimer & Co. Inc. acquired a new stake in shares of Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,433 shares of the software maker's stock, valued at approximately $367,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp grew its holdings in Commvault Systems by 1.6% in the third quarter. State Street Corp now owns 1,594,045 shares of the software maker's stock worth $245,244,000 after purchasing an additional 25,082 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Commvault Systems by 604.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 647,525 shares of the software maker's stock worth $98,479,000 after purchasing an additional 555,656 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Commvault Systems by 25.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 586,795 shares of the software maker's stock worth $90,278,000 after purchasing an additional 120,779 shares during the period. Congress Asset Management Co. grew its holdings in Commvault Systems by 5.7% in the fourth quarter. Congress Asset Management Co. now owns 520,378 shares of the software maker's stock worth $78,530,000 after purchasing an additional 28,216 shares during the period. Finally, FMR LLC grew its holdings in Commvault Systems by 26.1% in 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 period. 93.50% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts have weighed in on CVLT shares. Oppenheimer started coverage on shares of Commvault Systems in a report on Wednesday, November 13th. They issued an "outperform" rating and a $200.00 price objective on the stock. Guggenheim restated a "neutral" rating on shares of Commvault Systems in a report on Wednesday, January 29th. William Blair upgraded shares of Commvault Systems from a "market perform" rating to an "outperform" rating in a report on Thursday, January 30th. Cantor Fitzgerald increased 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. Finally, KeyCorp increased their price target on shares of 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, the company currently has a consensus rating of "Moderate Buy" and an average target price of $156.44.
Get Our Latest Stock Report on Commvault Systems
Insiders Place Their Bets
In other Commvault Systems news, CEO Sanjay Mirchandani sold 12,318 shares of the stock in a transaction that occurred 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gary Merrill sold 3,287 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $186.94, for a total transaction of $614,471.78. Following the completion of the transaction, the insider now owns 87,316 shares in the company, valued at $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. Insiders own 1.00% of the company's stock.
Commvault Systems Stock Down 3.7 %
CVLT traded down $5.78 during trading on Monday, hitting $148.48. The company's stock had a trading volume of 748,207 shares, compared to its average volume of 370,542. Commvault Systems, Inc. has a one year low of $93.48 and a one year high of $190.11. The firm has a market cap of $6.53 billion, a PE ratio of 38.97 and a beta of 0.62. The business's 50 day simple moving average is $165.22 and its 200-day simple moving average is $160.50.
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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