Commvault Systems, Inc. (NASDAQ:CVLT) Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB grew its stake in Commvault Systems, Inc. (NASDAQ:CVLT) by 17.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,530 shares of the software maker’s stock after buying an additional 1,600 shares during the period. Handelsbanken Fonder AB’s holdings in Commvault Systems were worth $1,589,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of CVLT. Capital Performance Advisors LLP purchased a new stake in Commvault Systems in the third quarter valued at approximately $33,000. TFC Financial Management Inc. increased its holdings in shares of Commvault Systems by 294.1% in the 4th quarter. TFC Financial Management Inc. now owns 402 shares of the software maker’s stock valued at $61,000 after acquiring an additional 300 shares during the period. Point72 DIFC Ltd purchased a new stake in Commvault Systems in the 3rd quarter valued at $71,000. TD Private Client Wealth LLC acquired a new stake in Commvault Systems during the 3rd quarter worth $105,000. Finally, Blue Trust Inc. grew its position in Commvault Systems by 37,400.0% during the 4th quarter. Blue Trust Inc. now owns 750 shares of the software maker’s stock worth $113,000 after purchasing an additional 748 shares during the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Commvault Systems Stock Up 1.7 %

NASDAQ:CVLT opened at $171.85 on Thursday. Commvault Systems, Inc. has a fifty-two week low of $93.48 and a fifty-two week high of $190.11. The firm’s fifty day simple moving average is $164.04 and its 200-day simple moving average is $159.66. The stock has a market cap of $7.56 billion, a PE ratio of 45.11 and a beta of 0.65.

Insiders Place Their Bets

In other Commvault Systems news, Director Allison Pickens sold 1,232 shares of the business’s stock in a transaction 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 sale, the director now directly owns 5,899 shares in the company, valued at approximately $1,017,577.50. The trade was a 17.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sanjay Mirchandani sold 12,318 shares of the firm’s 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 transaction, the chief executive officer now owns 427,231 shares of the company’s stock, valued at approximately $79,447,876.76. This represents a 2.80 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,837 shares of company stock worth $3,117,647. 1.00% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Guggenheim reaffirmed a “neutral” rating on shares of Commvault Systems in a report on Wednesday, January 29th. StockNews.com raised Commvault Systems from a “hold” rating to a “buy” rating in a research note on Tuesday. KeyCorp boosted their target price on 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 report on Thursday, January 30th. Finally, Oppenheimer assumed coverage on shares of Commvault Systems in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $200.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $156.44.

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.