Amundi Has $7.77 Million Stock Position in Commvault Systems, Inc. (NASDAQ:CVLT)

Amundi reduced its stake in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 23.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,230 shares of the software maker’s stock after selling 15,082 shares during the quarter. Amundi’s holdings in Commvault Systems were worth $7,768,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Crossmark Global Holdings Inc. raised its position in shares of Commvault Systems by 17.5% during the third quarter. Crossmark Global Holdings Inc. now owns 3,227 shares of the software maker’s stock valued at $497,000 after buying an additional 480 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new position in Commvault Systems during the third quarter valued at about $1,167,000. KBC Group NV raised its holdings in Commvault Systems by 32.4% in the 3rd quarter. KBC Group NV now owns 1,132 shares of the software maker’s stock valued at $174,000 after acquiring an additional 277 shares in the last quarter. CIBC Asset Management Inc bought a new stake in shares of Commvault Systems in the 3rd quarter worth approximately $206,000. Finally, Sawgrass Asset Management LLC acquired a new stake in shares of Commvault Systems during the 3rd quarter worth approximately $207,000. 93.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on CVLT shares. Guggenheim restated a “neutral” rating on shares of Commvault Systems in a research note on Wednesday, January 29th. KeyCorp raised their price objective 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. StockNews.com raised shares of Commvault Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. William Blair upgraded shares of Commvault Systems from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 30th. Finally, Cantor Fitzgerald upped their price objective on Commvault Systems from $159.00 to $173.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Commvault Systems presently has a consensus rating of “Moderate Buy” and an average target price of $156.44.

Insider Transactions at Commvault Systems

In other news, CEO Sanjay Mirchandani sold 12,318 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $185.96, for a total transaction of $2,290,655.28. Following the transaction, the chief executive officer now directly owns 427,231 shares in the company, valued at approximately $79,447,876.76. This represents a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gary Merrill sold 3,287 shares of the firm’s stock in a transaction that occurred on 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 directly owns 87,316 shares of the company’s stock, valued at approximately $16,322,853.04. This represents a 3.63 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Commvault Systems Price Performance

NASDAQ CVLT opened at $159.17 on Friday. The stock’s 50 day simple moving average is $165.22 and its 200 day simple moving average is $160.48. Commvault Systems, Inc. has a one year low of $93.48 and a one year high of $190.11. The firm has a market cap of $7.00 billion, a PE ratio of 41.78 and a beta of 0.62.

Commvault Systems Profile

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.