Sei Investments Co. Acquires 61,243 Shares of Commvault Systems, Inc. (NASDAQ:CVLT)

Sei Investments Co. boosted its holdings in Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 63.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 157,111 shares of the software maker's stock after purchasing an additional 61,243 shares during the quarter. Sei Investments Co. owned about 0.36% of Commvault Systems worth $23,708,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Nisa Investment Advisors LLC grew its holdings in shares of 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 during the last quarter. CIBC Asset Management Inc lifted its position in Commvault Systems by 5.6% in the 4th quarter. CIBC Asset Management Inc now owns 1,413 shares of the software maker's stock valued at $213,000 after acquiring an additional 75 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Commvault Systems by 4.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,439 shares of the software maker's stock valued at $368,000 after purchasing an additional 93 shares during the last quarter. GAMMA Investing LLC increased its holdings in Commvault Systems by 13.7% during the 4th quarter. GAMMA Investing LLC now owns 1,006 shares of the software maker's stock worth $152,000 after purchasing an additional 121 shares in the last quarter. Finally, New York State Common Retirement Fund increased its holdings in Commvault Systems by 1.0% during the 4th quarter. New York State Common Retirement Fund now owns 13,713 shares of the software maker's stock worth $2,069,000 after purchasing an additional 141 shares in the last quarter. Institutional investors own 93.50% of the company's stock.

Remove Ads

Commvault Systems Price Performance

NASDAQ:CVLT traded down $3.30 on Friday, reaching $161.98. 298,402 shares of the company's stock were exchanged, compared to its average volume of 393,217. The firm has a market cap of $7.13 billion, a price-to-earnings ratio of 42.51 and a beta of 0.62. The stock has a fifty day simple moving average of $166.47 and a 200-day simple moving average of $161.71. Commvault Systems, Inc. has a 52 week low of $93.48 and a 52 week high of $190.11.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CVLT shares. William Blair raised Commvault Systems from a "market perform" rating to an "outperform" rating in a research report on Thursday, January 30th. Cantor Fitzgerald raised their price objective on Commvault Systems from $159.00 to $173.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. KeyCorp upped their target price on shares of Commvault Systems from $192.00 to $195.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. Guggenheim reissued a "neutral" rating on shares of Commvault Systems in a research report on Wednesday, January 29th. Finally, StockNews.com upgraded shares of Commvault Systems from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $156.44.

Insider Buying and Selling at Commvault Systems

In other Commvault Systems news, CEO Sanjay Mirchandani sold 12,318 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $185.96, for a total value of $2,290,655.28. Following the completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gary Merrill sold 3,287 shares of Commvault Systems stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $186.94, for a total value of $614,471.78. Following the transaction, the insider now directly owns 87,316 shares of the company's stock, valued at $16,322,853.04. The trade was a 3.63 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.00% of the company's stock.

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.