Quantbot Technologies LP Acquires New Holdings in Commvault Systems, Inc. (NASDAQ:CVLT)

Quantbot Technologies LP acquired a new stake in Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,237 shares of the software maker's stock, valued at approximately $1,545,000.

Other institutional investors have also modified their holdings of the company. Nisa Investment Advisors LLC lifted its position in Commvault Systems by 3.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,960 shares of the software maker's stock valued at $296,000 after buying an additional 66 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of Commvault Systems by 5.6% in 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 in the last quarter. PNC Financial Services Group Inc. grew its position in Commvault Systems by 4.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,439 shares of the software maker's stock valued at $368,000 after acquiring an additional 93 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Commvault Systems by 13.7% during the fourth quarter. GAMMA Investing LLC now owns 1,006 shares of the software maker's stock valued at $152,000 after purchasing an additional 121 shares during the period. Finally, New York State Common Retirement Fund boosted its stake in shares of Commvault Systems by 1.0% in the fourth quarter. New York State Common Retirement Fund now owns 13,713 shares of the software maker's stock valued at $2,069,000 after purchasing an additional 141 shares during the period. Hedge funds and other institutional investors own 93.50% of the company's stock.

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Insiders Place Their Bets

In other news, CEO Sanjay Mirchandani sold 12,318 shares of the business's stock in a transaction 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 transaction, the chief executive officer now owns 427,231 shares of the company's stock, valued at approximately $79,447,876.76. The trade was a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Gary Merrill sold 3,287 shares of the stock in a transaction dated 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 sale, the insider now directly owns 87,316 shares in the company, valued at approximately $16,322,853.04. This trade represents a 3.63 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. William Blair raised shares of Commvault Systems from a "market perform" rating to an "outperform" rating in a research note on Thursday, January 30th. StockNews.com raised 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. Cantor Fitzgerald lifted their price objective on Commvault Systems from $159.00 to $173.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Finally, KeyCorp upped their target price on Commvault Systems from $192.00 to $195.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $156.44.

Commvault Systems Price Performance

Shares of CVLT stock traded up $0.04 on Thursday, hitting $165.28. 344,788 shares of the stock traded hands, compared to its average volume of 375,370. The company's fifty day moving average is $166.45 and its 200 day moving average is $161.34. Commvault Systems, Inc. has a 1-year low of $93.48 and a 1-year high of $190.11. The company has a market capitalization of $7.27 billion, a PE ratio of 43.38 and a beta of 0.62.

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.