TD Waterhouse Canada Inc. boosted its stake in Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 34,620.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,013 shares of the software maker's stock after buying an additional 16,964 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Commvault Systems were worth $2,564,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the stock. TFC Financial Management Inc. boosted its stake in Commvault Systems by 294.1% in the fourth quarter. TFC Financial Management Inc. now owns 402 shares of the software maker's stock worth $61,000 after purchasing an additional 300 shares in the last quarter. GeoWealth Management LLC bought a new stake in Commvault Systems during the 4th quarter worth about $101,000. Blue Trust Inc. raised its stake in shares of Commvault Systems by 37,400.0% in 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 during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Commvault Systems during the fourth quarter worth approximately $127,000. Finally, GAMMA Investing LLC boosted its stake in Commvault Systems by 13.7% in the fourth quarter. GAMMA Investing LLC now owns 1,006 shares of the software maker's stock valued at $152,000 after acquiring an additional 121 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors.
Commvault Systems Price Performance
NASDAQ:CVLT traded up $2.19 during trading hours on Friday, reaching $165.51. 413,106 shares of the stock were exchanged, compared to its average volume of 411,825. Commvault Systems, Inc. has a twelve month low of $97.63 and a twelve month high of $190.11. The stock has a market cap of $7.28 billion, a PE ratio of 43.44 and a beta of 0.68. The firm has a 50 day moving average of $159.28 and a 200 day moving average of $161.64.
Wall Street Analysts Forecast Growth
CVLT has been the topic of a number of analyst reports. William Blair raised Commvault Systems from a "market perform" rating to an "outperform" rating in a research note on Thursday, January 30th. Guggenheim restated a "neutral" rating on shares of Commvault Systems in a report on Wednesday. Cantor Fitzgerald increased their price target on shares of Commvault Systems from $159.00 to $173.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. KeyCorp decreased their price objective on shares of Commvault Systems from $195.00 to $185.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Finally, StockNews.com raised shares of Commvault Systems from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $158.00.
Check Out Our Latest Analysis on Commvault Systems
Insider Transactions at Commvault Systems
In other Commvault Systems news, CEO Sanjay Mirchandani sold 12,318 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $185.96, for a total value of $2,290,655.28. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Gary Merrill sold 3,287 shares of the firm's stock in a transaction dated Wednesday, February 19th. The shares were 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 owns 87,316 shares of the company's stock, valued at $16,322,853.04. This trade represents a 3.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.00% of the company's stock.
Commvault Systems Company Profile
(
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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