Teacher Retirement System of Texas Purchases 7,878 Shares of Commvault Systems, Inc. (NASDAQ:CVLT)

Teacher Retirement System of Texas lifted its position in Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 31.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,081 shares of the software maker's stock after purchasing an additional 7,878 shares during the quarter. Teacher Retirement System of Texas owned 0.08% of Commvault Systems worth $4,992,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp raised its stake in Commvault Systems by 1.6% during the third quarter. State Street Corp now owns 1,594,045 shares of the software maker's stock worth $245,244,000 after acquiring an additional 25,082 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Commvault Systems by 604.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 647,525 shares of the software maker's stock worth $98,479,000 after purchasing an additional 555,656 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Commvault Systems by 25.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 586,795 shares of the software maker's stock valued at $90,278,000 after buying an additional 120,779 shares during the last quarter. Congress Asset Management Co. raised its holdings in 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 purchasing an additional 28,216 shares during the last quarter. Finally, FMR LLC grew its position in shares of Commvault Systems by 26.1% during the 3rd quarter. FMR LLC now owns 466,315 shares of the software maker's stock worth $71,743,000 after buying an additional 96,525 shares during the period. Institutional investors own 93.50% of the company's stock.

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Analysts Set New Price Targets

A number of research firms have recently weighed in on CVLT. StockNews.com raised Commvault Systems from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. KeyCorp boosted their price target on shares of Commvault Systems from $192.00 to $195.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. William Blair raised Commvault Systems from a "market perform" rating to an "outperform" rating in a research report on Thursday, January 30th. Guggenheim reaffirmed a "neutral" rating on shares of Commvault Systems in a research note on Wednesday, January 29th. Finally, Cantor Fitzgerald boosted their price objective on shares of Commvault Systems from $159.00 to $173.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $156.44.

Commvault Systems Stock Performance

NASDAQ:CVLT traded up $4.70 during mid-day trading on Tuesday, reaching $173.87. 150,668 shares of the company's stock were exchanged, compared to its average volume of 373,094. Commvault Systems, Inc. has a one year low of $93.48 and a one year high of $190.11. The business's fifty day simple moving average is $166.03 and its two-hundred day simple moving average is $161.04. The firm has a market capitalization of $7.65 billion, a PE ratio of 45.74 and a beta of 0.62.

Insider Buying and Selling at Commvault Systems

In other Commvault Systems news, insider Gary Merrill sold 3,287 shares of the company's stock in a transaction on 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 $16,322,853.04. This represents a 3.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sanjay Mirchandani sold 12,318 shares of the business'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 transaction, the chief executive officer now directly 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 position. The disclosure for this sale can be found here. Insiders own 1.00% of the company's stock.

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.