Commvault Systems, Inc. (NASDAQ:CVLT) Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its position in Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 295.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 57,089 shares of the software maker's stock after acquiring an additional 42,643 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.13% of Commvault Systems worth $8,615,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new position in shares of Commvault Systems during the third quarter worth about $33,000. Point72 DIFC Ltd acquired a new stake in Commvault Systems during the third quarter worth about $71,000. Signaturefd LLC increased its position in Commvault Systems by 43.9% in the third quarter. Signaturefd LLC now owns 590 shares of the software maker's stock worth $91,000 after buying an additional 180 shares during the period. TD Private Client Wealth LLC acquired a new position in Commvault Systems during the 3rd quarter valued at about $105,000. Finally, Blue Trust Inc. increased its position in Commvault Systems by 38,400.0% in the 4th quarter. Blue Trust Inc. now owns 770 shares of the software maker's stock valued at $118,000 after acquiring an additional 768 shares during the period. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CVLT shares. William Blair raised shares of Commvault Systems from a "market perform" rating to an "outperform" rating in a research note on Thursday, January 30th. Guggenheim reiterated a "neutral" rating on shares of Commvault Systems in a research note on Wednesday, January 29th. StockNews.com downgraded Commvault Systems from a "strong-buy" rating to a "buy" rating in a research report on Thursday, January 16th. Royal Bank of Canada raised their target price on Commvault Systems from $164.00 to $182.00 and gave the stock a "sector perform" rating in a research report on Wednesday, October 30th. Finally, KeyCorp increased their price objective 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. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $156.44.

Insider Activity at Commvault Systems

In other news, CEO Sanjay Mirchandani sold 10,775 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $165.30, for a total transaction of $1,781,107.50. Following the transaction, the chief executive officer now directly owns 459,969 shares in the company, valued at approximately $76,032,875.70. This represents a 2.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gary Merrill sold 1,523 shares of the business's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $164.89, for a total value of $251,127.47. Following the completion of the sale, the insider now owns 93,007 shares of the company's stock, valued at $15,335,924.23. The trade was a 1.61 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,530 shares of company stock valued at $2,244,755. 1.00% of the stock is owned by corporate insiders.

Commvault Systems Stock Performance

Shares of NASDAQ:CVLT traded up $3.73 during trading on Wednesday, reaching $171.01. The stock had a trading volume of 451,306 shares, compared to its average volume of 506,857. Commvault Systems, Inc. has a 52 week low of $90.32 and a 52 week high of $178.72. The firm's fifty day moving average is $162.00 and its 200 day moving average is $155.34. The stock has a market cap of $7.52 billion, a price-to-earnings ratio of 44.88 and a beta of 0.65.

About Commvault Systems

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.