Strategic Financial Concepts LLC bought a new stake in Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 45,726 shares of the software maker's stock, valued at approximately $6,901,000. Strategic Financial Concepts LLC owned approximately 0.10% of Commvault Systems as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Congress Asset Management Co. boosted its stake in shares of Commvault Systems by 5.7% during the 4th quarter. Congress Asset Management Co. now owns 520,378 shares of the software maker's stock worth $78,530,000 after buying an additional 28,216 shares during the last quarter. Blue Trust Inc. raised its holdings in Commvault Systems by 37,400.0% during the fourth quarter. Blue Trust Inc. now owns 750 shares of the software maker's stock worth $113,000 after acquiring an additional 748 shares in the last quarter. TFC Financial Management Inc. raised its holdings in Commvault Systems by 294.1% during the fourth quarter. TFC Financial Management Inc. now owns 402 shares of the software maker's stock worth $61,000 after acquiring an additional 300 shares in the last quarter. Van ECK Associates Corp boosted its position in Commvault Systems by 23.4% during the fourth quarter. Van ECK Associates Corp now owns 36,794 shares of the software maker's stock valued at $5,553,000 after purchasing an additional 6,982 shares during the last quarter. Finally, Legato Capital Management LLC grew its stake in Commvault Systems by 28.3% in the fourth quarter. Legato Capital Management LLC now owns 7,245 shares of the software maker's stock valued at $1,093,000 after purchasing an additional 1,600 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company's stock.
Commvault Systems Stock Performance
Shares of CVLT stock traded down $1.88 during midday trading on Wednesday, hitting $186.02. 538,294 shares of the company were exchanged, compared to its average volume of 518,740. Commvault Systems, Inc. has a 52 week low of $90.32 and a 52 week high of $190.11. The firm has a market capitalization of $8.18 billion, a P/E ratio of 48.82 and a beta of 0.65. The firm's 50 day moving average price is $163.73 and its two-hundred day moving average price is $158.71.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the company. William Blair upgraded Commvault Systems from a "market perform" rating to an "outperform" rating in a research note on Thursday, January 30th. KeyCorp upped their price target on shares of Commvault Systems from $192.00 to $195.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. StockNews.com cut shares of Commvault Systems from a "buy" rating to a "hold" rating in a research note on Monday. Guggenheim restated a "neutral" rating on shares of Commvault Systems in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada raised their target price on shares of Commvault Systems from $164.00 to $182.00 and gave the company a "sector perform" rating in a research note on Wednesday, October 30th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Commvault Systems presently has an average rating of "Hold" and a consensus target price of $156.44.
Read Our Latest Research Report on CVLT
Insider Transactions at Commvault Systems
In related news, Director Allison Pickens sold 1,232 shares of Commvault Systems stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $172.50, for a total transaction of $212,520.00. Following the completion of the sale, the director now directly owns 5,899 shares of the company's stock, valued at approximately $1,017,577.50. This trade represents a 17.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.00% of the company's stock.
About Commvault Systems
(
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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