Vanguard Group Inc. raised its position in shares of Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,636,559 shares of the software maker's stock after purchasing an additional 54,562 shares during the quarter. Vanguard Group Inc. owned about 12.81% of Commvault Systems worth $850,613,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of CVLT. Fox Run Management L.L.C. bought a new position in Commvault Systems during the fourth quarter valued at about $546,000. KLP Kapitalforvaltning AS acquired a new stake in Commvault Systems in the 4th quarter valued at about $2,505,000. AXQ Capital LP bought a new position in shares of Commvault Systems during the 4th quarter valued at about $214,000. Sei Investments Co. grew its stake in shares of Commvault Systems by 63.9% in the 4th quarter. Sei Investments Co. now owns 157,111 shares of the software maker's stock worth $23,708,000 after purchasing an additional 61,243 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Commvault Systems by 1.6% in the 4th quarter. American Century Companies Inc. now owns 19,873 shares of the software maker's stock worth $2,999,000 after purchasing an additional 304 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Commvault Systems
In related news, CEO Sanjay Mirchandani sold 12,318 shares of Commvault Systems stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $185.96, for a total transaction of $2,290,655.28. Following the completion of the sale, the chief executive officer now owns 427,231 shares of the company's stock, valued at approximately $79,447,876.76. This trade represents a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gary Merrill sold 3,287 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $186.94, for a total value of $614,471.78. Following the sale, the insider now directly 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. 1.00% of the stock is currently owned by insiders.
Analyst Ratings Changes
A number of brokerages recently weighed in on CVLT. KeyCorp raised their target price 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. Cantor Fitzgerald raised their price objective on Commvault Systems from $159.00 to $173.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. StockNews.com raised Commvault Systems from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. Guggenheim reiterated a "neutral" rating on shares of Commvault Systems in a research report on Wednesday, January 29th. Finally, William Blair raised Commvault Systems from a "market perform" rating to an "outperform" rating in a research note on Thursday, January 30th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $156.44.
Check Out Our Latest Report on Commvault Systems
Commvault Systems Trading Down 8.1 %
NASDAQ:CVLT traded down $13.50 on Thursday, hitting $152.89. 338,830 shares of the company's stock traded hands, compared to its average volume of 396,864. The firm has a 50-day moving average price of $166.28 and a 200-day moving average price of $161.86. The company has a market cap of $6.73 billion, a PE ratio of 40.13 and a beta of 0.62. Commvault Systems, Inc. has a 1 year low of $93.48 and a 1 year high of $190.11.
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.
See Also
Before you consider Commvault Systems, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Commvault Systems wasn't on the list.
While Commvault Systems currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
