Ossiam Acquires New Position in Commvault Systems, Inc. (NASDAQ:CVLT)

Ossiam purchased a new stake in Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 7,813 shares of the software maker's stock, valued at approximately $1,179,000.

Several other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Commvault Systems by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 5,636,559 shares of the software maker's stock worth $850,613,000 after purchasing an additional 54,562 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Commvault Systems by 1.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,909,185 shares of the software maker's stock valued at $288,115,000 after purchasing an additional 24,900 shares in the last quarter. Invesco Ltd. increased its stake in Commvault Systems by 57.7% during the 4th quarter. Invesco Ltd. now owns 1,660,108 shares of the software maker's stock worth $250,527,000 after buying an additional 607,643 shares during the period. Geode Capital Management LLC lifted its holdings in Commvault Systems by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 1,288,068 shares of the software maker's stock worth $194,681,000 after buying an additional 43,088 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in Commvault Systems by 604.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 647,525 shares of the software maker's stock valued at $98,479,000 after buying an additional 555,656 shares during the period. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 stock was sold at an average price of $185.96, for a total transaction of $2,290,655.28. Following the transaction, the chief executive officer now owns 427,231 shares in the company, valued at $79,447,876.76. This trade represents a 2.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Gary Merrill sold 3,287 shares of the business's stock in a transaction that occurred 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 sale, the insider now owns 87,316 shares of the company's stock, valued at approximately $16,322,853.04. This represents a 3.63 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company's stock.

Commvault Systems Trading Up 1.3 %

Shares of NASDAQ CVLT traded up $2.19 during mid-day trading on Friday, reaching $165.51. The company had a trading volume of 413,106 shares, compared to its average volume of 410,914. The firm has a 50 day simple moving average of $159.28 and a two-hundred day simple moving average of $161.63. Commvault Systems, Inc. has a 52-week low of $97.10 and a 52-week high of $190.11. The stock has a market cap of $7.28 billion, a P/E ratio of 43.44 and a beta of 0.68.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CVLT. William Blair raised Commvault Systems from a "market perform" rating to an "outperform" rating in a research report on Thursday, January 30th. Guggenheim reaffirmed a "neutral" rating on shares of Commvault Systems in a research report on Wednesday. KeyCorp lowered their price objective on Commvault Systems from $195.00 to $185.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. StockNews.com raised shares of Commvault Systems from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. Finally, Cantor Fitzgerald boosted their price target on shares of Commvault Systems from $159.00 to $173.00 and gave the stock a "neutral" 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $158.00.

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.